Singapore, February 25, 2013 - Tata Elxsi and Get2Volume (G2V) announced today their partnership to incubate and grow technology companies in India and Singapore.
Tata Elxsi, India's leading design company, recently launched incub@TE, an incubation centre program to nurture and support aspiring entrepreneurs. Get2volume, based in Singapore and with funding from the Singapore's National Research Foundation invests in, mentors and helps grow innovative microelectronics-centric companies. Tata Elxsi and G2V agreed to extend their incubation offerings and connections to each other's portfolio companies.
Get2Volume extends its incubation program to Tata Elxsi companies that include connections, access to the ecosystem within Singapore and funding for companies that meet G2V criteria.
Tata Elxsi extends its incub@TE program to Get2Volume portfolio companies that want to build their businesses in India, with infrastructure, mentorship and go-to-market support. It will further offer access to world-class product engineering and its Technology IP portfolio, to help reduce development costs and time to market. These will be covered under separate agreements with the respective portfolio companies.
"Technology companies are global from day one," said Mike Holt, Get2Volume CEO. "Working together with Tata Elxsi, we bring our companies global growth and execution capabilities".
"This partnership provides portfolio companies with access to capital, connections and complementary capability. We look forward to working together to nurture and empower the next generation of technology entrepreneurs and enable their success" added Mr. Rajesh Kumar, Vice President, Strategic Initiatives, Tata Elxsi.
About Tata Elxsi: Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of the $ 100 billion Tata group, Tata Elxsi addresses the communications, consumer products, defense, healthcare, media & entertainment, semiconductor and transportation sectors. This is supported by a talent pool of over 4000+ employees and a network of design studios, development centers and offices worldwide. Key services include embedded product design, industrial design, animation & visual effects and systems integration.