Tata Group To Fund Innovations In Israel. Why Not India?

@thebigk • Oct 23, 2024

Oct 23, 2024

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Tata Group will invest $20 million in Israel's Ramot Technology Innovation Momentum fund for accelerated commercialisation of innovations. Being the leading investor, Tata will be able to see the pipeline of technologies that are being developed in Israel.

I was wondering why Tata's haven't opted to invest more in the startups coming out of Indian engineering colleges; but quickly figured out that the rate at which Israel's innovating and commercialising - Indian colleges are far behind. It makes perfect sense for Tatas to invest in Israel than focus on India.

Do you think this is an eye opener for Indians?

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Anil Jain

@CrazyBoy • May 13, 2013

Few reasons I can think of, is competitions is less out there in Israel, TATA must be looking at making their brand name for obvious business reasons.

Many of the bigger US / UK companies are choosing India as a place to invest for innovations, and reason is future perspectives (for all good business reasons). So, I think, this shouldn't be so concerning for Indians.

-CB
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Kaustubh Katdare

@thebigk • May 13, 2013

Israel might be a market for tech-shopping for Tata but I think more than brand building, they're interested in snatching up tech innovations early on so that they gain commercial advantage.

The speed at which Israel is innovating on technology & engineering fronts is breathtaking. Their engineering student projects are way better than most of the commercial projects in India.

I feel sorry to see the state of student projects done in Indian engineering colleges.
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Anil Jain

@CrazyBoy • May 13, 2013

Kaustubh Katdare
I feel sorry to see the state of student projects done in Indian engineering colleges.
I completely agree that Israel is growing very fast for innovating on tech front.

For Indian colleges, the reason i can think of is there are so many engineering colleges and students in India that you can not expect the innovations from each of those. For getting admission in engineering college you even need not to clear the exam, have some good bundles of rupees in your pocket and you can earn admission very easily. The number of *NOT* so good colleges are so much that we think that nothing good is happening.

Go to premier colleges and still you may expect something innovating happening. The only reason why that doesn't come in limelight is bureaucracy and lack of funds doesn't always allow students to complete their projects.

-CB
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Ankita Katdare

@abrakadabra • May 13, 2013

The way in which the TATA Group and TATA Brand is revered across India, I think TATA should really have given a boost to the Indian Startup scene right now.
But at the end of the day, India has to showcase that it isn't all about the services industry and build world-class products that SOLVE problems.

A big group like Tata can take risk to invest in new ideas and innovations which are market ready. They can invest in people who can look for people with solutions and products. I personally feel that TATA has a chance to show the true potential of Indian startups and I think it will realize it sooner or later.
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