Capsula.Studio at Tel Aviv University has entered in a strategic partnership with Pinnacle Industries, a commercial vehicles seating and interiors company, to establish a start-up accelerator – Pinnacle Capsula.Studio, in Pune.
The partnership aims to accelerate innovative entrepreneurs to market through Capsula’s proven ‘Mentored Customer Validation’ program and knowledge center which connect entrepreneurs with global value network players and the research community.
The Studio has been conceived as a not-for-profit entity which will allow novel ideas rapidly gain market traction. The facility will be located at The BHAU Institute which is a part of the College of Engineering, Pune and will act as a bridge between Indian and Israeli entrepreneurs.
Sudhir Mehta, CMD, Pinnacle Industries, said, “Incubators and accelerators continue to play an important role in the growth of the Indian start-up ecosystem. Pinnacle Capsula will mentor and foster such talent and ideas focused on IP creation and provide them with the right guidance, opportunities and approach.”
Pinnacle will provide the initial funding and endeavor to develop sustainable partnerships with prospective investors and value network firms. The initial focus of Pinnacle Capsula.Studio Pune is Smart Mobility, with additional domains to be added in the future including agriculture and food, health and medicine, education and other sectors which can bring-in major economic and societal benefits to India and the world.
Ariel Sella, Managing Director of Capsula.Studio, said, “Pervasive data, computing and communication allow innovative entrepreneurs worldwide to deliver immense economic and societal gains. We are so excited to commence our first global partnership with Sudhir Mehta to combine Israel’s technology and startup strengths with the immense potential of Indian entrepreneurs in the Indian market and beyond.”
Pinnacle Capsula.Studio Pune will commence its first studio term in 2018, offering residency to select Smart Mobility start-ups with technology and/or business model innovations who are looking to make mobility at once more desirable, efficient and sustainable.
Source: Economic Times
