Under the framework of India – U.S. Commercial Dialogue, India and the USA signed a MoU on “Enhancing Innovation Ecosystems through an Innovation Handshake” on the 14th of November in San Francisco.
The MoU was signed at the kick-off industry roundtable titled, “Decoding the “Innovation Handshake”: U.S. – India Entrepreneurship Partnership”.
The main objective of the MoU is to connect both sides of dynamic startup ecosystems. It will facilitate the sharing of information and best practices for startup fundraising.
It will also promote innovation in critical and emerging technologies (CET) as identified under the India -U.S. initiative for Critical and Emerging Technology (iCET).
This MoU shows the commitment of both countries to strengthening the startup ecosystem in deep tech sectors and promoting cooperation in Critical and Emerging Technologies (CET).
This MoU has set the platform for two future Innovation Handshake events scheduled to take place in India and the United States in early 2024.
The Commercial Dialogue (CD) is a cooperative undertaking at the Ministerial level between India and the U.S.
