In a significant move towards enhancing startup ecosystems, T-Hub, India’s leading innovation hub, has signed a Memorandum of Understanding (MoU) with BEYOND4, a prominent multi-tier accelerator ecosystem based in Malaysia. This collaboration, facilitated by the Indian ASEAN Startup Summit (IASS), marks a strategic effort to bolster innovation, investment, and growth for startups across India and Malaysia.
The MoU between T-Hub and BEYOND4 aims to enhance startup ecosystems in India and Malaysia through several key initiatives. Cross-Border Startup Collaboration fosters a supportive environment for knowledge exchange and best practices, enhancing innovation and driving forward-thinking solutions. Investment Facilitation simplifies market entry by providing critical support with strategies, regulatory compliance, and local networks, easing expansion into new regions for startups. Business Expansion Support offers comprehensive guidance and mentorship to help startups establish and grow operations in each other’s markets, boosting international reach and sustainable growth. Innovation Promotion drives the development of advanced technologies in key sectors, fostering economic growth and technological progress in both ecosystems. Finally, Knowledge Exchange builds stronger ties between entrepreneurial communities, encouraging mutual learning and growth through mentorship and collaborative platforms.
The MoU signing ceremony was attended by several key dignitaries, including S T Rubaneswaran (STR), CEO of BEYOND4 Malaysia; Isyraq Akram bin Mohd Nasir, Corporate Unit Yayasan Pahang Pahang State Government; Kalyana Rajasekaran Teagarajan, CEO of Entrepreneurial Development Advisory Centre (EDAC); Mahankali Srinivas Rao (MSR), CEO of T-Hub; and officials from the India-ASEAN Startup Summit (IASS).
MSR, CEO of T-Hub, remarked, “This partnership with BEYOND4 is a significant step towards fostering a robust and dynamic startup ecosystem between India and Malaysia. Our combined efforts will drive innovation, facilitate investments, and support startups in scaling new heights. By fostering an environment where startups can collaborate across borders, we aim to accelerate innovation and develop cutting-edge products and solutions that benefit both local and global markets.”
S T Rubaneswaran, CEO of BEYOND4 Malaysia, added, “The collaboration between T-Hub and BEYOND4 will forge a dynamic ecosystem for innovation, breaking down cultural and geographical barriers. By combining our strengths, we will provide startups with accelerated access to cutting-edge technologies and expanded funding opportunities. As Malaysia targets RM345.9 billion in investments, this partnership will further enhance these growth trajectories, supporting robust, innovative solutions and offering broader funding avenues for startups.”
BEYOND4’s expansion into India and Europe underscores their commitment to building a comprehensive startup ecosystem. With over 3,000 individuals trained in Industry 4.0 technologies and 178 startups supported through their Pre-Accelerator and Accelerator programs, BEYOND4 continues to drive success.