The second stream of the Tech Export to India accelerator begins in the capital, Deputy Mayor of Moscow said Natalya Sergunina. This is a program for entrepreneurs who want to bring technology products to the Indian market. They will be helped to determine the relevance of their solutions and adapt their business to work abroad. The Moscow Export Center (MEC) co-finances 90% of the cost of participation in the project. You can apply on the website.
“Companies from the fields of IT, retail, energy, and transport can join the program. Entrepreneurs will explore the cultural characteristics of building business relationships and doing business in India. Participants will meet with potential investors and receive individual expert advice. They are also waiting for classes on making presentations for foreign partners and networking sessions,” said Natalia Sergunina. Her words are published on the mos.ru portal.
Alexey Fursin, head of the Moscow Department of Entrepreneurship and Innovative Development, specified that the export accelerator is designed for 15 weeks. The main requirements for candidates are that the team must have a legal entity in Moscow, registered at least six months ago, demonstrate stable sales in the Russian market or have a minimum viable product (MVP) in the international one.
Last year, 30 companies passed the program. 600 consultations with mentors, more than 100 meetings with potential partners, as well as 13 practical workshops and webinars were organized for the participants.
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In 2021, Moscow became the leader in non-commodity non-energy exports to India among Russian regions. Financial indicators increased by 45% and exceeded $950 million.
The Moscow Export Center was established to provide financial and non-financial support to the city’s entrepreneurs in promoting their products and services to foreign markets. One of the key tasks of the WEC is to increase the number of Moscow exporters and implement projects for the effective development of their foreign economic activity.