AcceleratorIndia takes Cambridge enterprise to Asia
An exciting new Cambridge-India venture has been pioneered by Dr Shai Vyakarnam, director of the Centre for Entrepreneurial Learning at Cambridge University.
Dr Vyakarnam has founded AcceleratorIndia. Headquartered in Cambridge, AcceleratorIndia brings the Cambridge experience of building innovative, hi-tech global businesses to India.
The company is built on a foundation of hands-on experience in business building, board level positions in growth companies, raising finance in international markets, in-depth market and technical knowledge and an extended network of leading industry contacts and advisors. It provides hands-on services to businesses based on or seeking to exploit technologies and markets. The company has just launched a series of workshops focused on commercialisation of Intellectual Property rich research for innovations originating in India as part of its strategic partnership with the Venture Center, Pune. AcceleratorIndia’s ACTIV (Accelerated Commercialisation of Technology and Inno-Vation) workshops will help tackle the challenges of commercialising novel technologies from research. The experience of Cambridge, UK in commercialising technology based innovations is well recognised as relevant to the Indian context where entrepreneurs, innovators and incubation centres face similar issues.ACTIV workshops are run as part of high level collaborations on innovation between India and the UK and are primarily funded by the National Science and Technology Entrepreneur-ship Development Board (NSTEDB), Department of Science and Technology and UK Science and Innovation Network, British High Commission.Dr Vyakarnam said: “At least 2,000 hi-tech and biotechnology firms can be traced to the individuals and the research and development performed in the Cambridge ecosystem, resulting in a rich experience of how to take innovations to market. “We now look forward to bringing this experience, our connections and our deep understanding of how disruptive science and technology has been developed for societal gain in Cambridge to the benefit of Indian scientific research.”According to Dr V. Premnath, founder-director of Venture Center: “Technology commercialisation, especially via new ventures (spin-offs), is an emerging and critical area of interest for Indian scientific establishments and technology incubators. “A variety of stakeholders – such as lab directors, scientists, technology transfer professionals, startup incubator managers, and science/technology agencies of the government – are keen to gain insights into the best practices developed by leading organisations across the world such as Cambridge. “Venture Center and AcceleratorIndia seek to cover the entire breadth of the technology commercialisation process – including IP creation and protection, proof-of-concept projects, technology valuation, product-market fit, knowledge-for-equity structures, access to early-stage venture funding and collaborating with Indian entrepreneurs.”The first two workshops for 2010 are scheduled in late September. One targeting technology business incubator staff is on Sept 27 and Sept 28 and another targeting scientists and researchers from public sector labs and research institutions is on September 30 and October 1. More workshops are planned for later in the year, targeting start-ups and early stage companies in other locations such as Bangalore and Hyderabad. More details about the workshops are available at www.venturecenter.co.in/activ• PHOTOGRAPH SHOWS: Dr Shai Vyakarnam, director of the Centre for Entrepreneurial Learning at Cambridge University and founder of AcceleratorIndia