TE Connectivity Launches Its First Start-Up Accelerator Programme In India

Updated on: 16 May 2023 10:14 pm

Prior to this, Baron Capital lowered the company’s valuation to $6.7 billion as of June 2022.

Baron Capital Slashes Swiggy’s Valuation To $7.1 Billion Photo: Prior to this, Baron Capital lowered the company’s valuation to $6.7 billion as of June 2022.

TE Connectivity (TE), a company in connectivity and sensors, has collaborated with the Bangalore Chamber of Industry and Commerce (BCIC) Start-up Hub to launch its first accelerator program in India.

The programme is designed to promote and accelerate start-ups initially in the energy and electrification, smart cities and IoT domains, by providing them with mentorship support, access to resources and a global network.

The company launched the programme at an event conducted by TE and BCIC with the support of TiE Bangalore (Indus Ventures) on "Future of Mobility and Emerging Opportunities.” Attendees were addressed by Ralf Klädtke, vice president and chief technology officer at TE and S Devarajan, Senior Vice President, BCIC, and Senior Vice President of TVS Motor Company Limited, and Ravikiran Annaswamy, CEO & co-founder of Numocity. They shared their insights on the future of mobility and best manufacturing practices.

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Through this collaboration, TE Connectivity India will offer innovative solutions to help start-ups to optimize designs, reduce costs, improve performance, and enhance the user experience. TE’s technical mentors will provide guidance to design new components to meet customer needs. BCIC Start-up Hub will foster collaboration between start-ups, subject-matter experts, technology firms and research institutions to overcome market challenges faced by entrepreneurs.

Rahul Mathur, director at TE, said, “We look at India as an opportunity to not just innovate in India for India but also for the globe. We are excited to continue building our capabilities at our innovation hubs in Bangalore and Pune, where we currently have more than 1,200 product engineers, co-located at state-of-the-art labs and working on some of the most exciting technologies.”

“The future of mobility will create a completely new ecosystem of electrified mobility with autonomous shuttles/trucks, software-defined vehicles, autonomous safety, seamless vehicle to everything, V2X communication, mobility pods, electrified air taxis, micro-mobility and many others,” Klädtke said.

“The speed of technological change is very high and electric vehicles were just the first of many technological disruptions. For one to thrive in this new normal, innovation and speed are essential. As a result, growing our collaboration with start-ups and developing win-win partnerships is a top focus for us at TE,” he added.