Israel’s innovation platform SOSA in talks with states to set up innovation hubs in India

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Israel-based innovation platform South of Salame (SOSA), is in talks with at least three Indian states, Maharashtra, Assam, and Goa, to set up innovation hubs. These hubs will provide launch pads to Indian startups Tel Aviv and New York.

The latest initiative will help the startups present across the mentioned three states, access to SOSA’s global innovation network.

These innovation hubs will help startups to connect with corporates in the areas of fintech, big data, clean tech, insure tech, mobility solutions and cybersecurity, among others.

At least 100 startups are expected to get access to innovation networks in Tel Aviv and New York every year through SOSA.

Uzi Scheffer, Founder, SOSA, said, “As a part of these alliances with various governments, SOSA builds an ecosystem of innovators, investors, academics and governments. In the next layer, we connect corporates with relevant technologies and innovations from the global innovation networks of SOSA.”

According to media reports, Andhra Pradesh government had signed an agreement with SOSA, to set up an innovation centre in Vishakapatnam.

SOSA was founded by 25 leading Israeli investors and high-tech entrepreneurs in 2014. The innovation platform uses its network to bridge the gap between the supply and demand of corporate innovation, by bringing together cherry-picked stakeholders from all industries under one roof.

The platform claims to have a global network of 150 multinational corporations and investors, with more than 8,500 startups.

The innovation platform was recently selected by New York City to build and operate a global cybersecurity centre.

Recently, it was reported that IIM-A’s $9.5 million Financial Inclusion Lab had selected eleven fintech startups.


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