$25 bn revenue potential for Indian, Israeli startups: Report

Bengaluru, July 5 (IANS) A cumulative cross-border investment of $25 billion into Indian and Isareli startups has $25 billion revenue potential by 2025, said a report by global software firm Accenture and Indian IT industry lobby Nasscom on Wednesday.

“$25-billion cross-border investment into Indian and Israeli startups can create 25 world class products across sectors, with $25 billion revenue from them by 2025,” said the report “Collaborative Innovation: The vehicle driving Indo-Israel prosperity”.

The report was released to mark the 25th anniversary of the diplomatic ties between the two countries and Prime Minister Narendra Modi’s ongoing visit to Israel.

On opportunities for collaboration, the report said the innovation ecosystems in both the countries have complimentary traits in technology, talent and temperament.

“As technology products and services leaders, collaboration can unlock gains across key sectors of mutual interest,” noted the report under ‘Vision 25/25’.

Stressing on institutional framework to capitalize on complementary strengths and understanding of each other’s markets, it said both the countries have to focus on innovation to realise their potential.

–IANS

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