2 City Firms Set to Explore Biz in UK

Published: 13th March 2015 06:03 AM  |   Last Updated: 13th March 2015 06:03 AM   |  A+A-

CHENNAI:Two fledgling Chennai firms have a very real chance to grow their businesses big in the United Kingdom as both were announced winners of the ‘Great Tech Rocketships’ initiative on Monday.

   Organised as a competition for Indian technology and ICT firms that have witnessed exponential growth during the last few years, the GTR initiative is organised by a consortium of entities - UK Trade and Investment, iSPIRIT and tech hub. 

Of the five companies which won out of the 289 that applied, two — Congruent Solutions Pvt Ltd and FRILIP.com — are Chennai’s own.

“This is an initiative that gives these firms an opportunity to learn about the business ecosystem, provide the kind of assistance they need to get basic market research done, etc,” said Bharat Joshi, British Deputy High Commissioner, British High Commission.

The initiative, the first of what is set to be an annual programme gives all five companies an opportunity to leverage the benefits that winning the competition gives, to enter the UK and eventually the European Market. “We got to understand in detail the support system, investment options and infrastructure available for Indian startups to expand globally through the UK. We also got a chance to explore synergies with other business players there,” said Senthil Kandaswamy, founder and COO of FRILIP.com.

One of the most important of these benefits, which included a trip to the UK last month as part of a UKTI delegation, is a year-long Tech Hub membership. “They can meet clients there, use it as a base for market research, etc,” said an organiser.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp