Hyderabad, Oct.30 (Hydnow): TRS Working President KT Rama Rao today said that world’s largest leading innovation platform Plug and Play Tech Center will be launching their Center in Hyderabad. The announcement came after their leadership team met in Paris.
The leadership team from Plug and Play, Omeed Mehrinfahr, MD & Co-head EMEA from the Paris office, Sascha Karimpour, MD Germany & Startup Autobahn from the Stuttgart Center, and Hannah Boomgarden, Program Director Startup Autobahn met with the delegation from the state of Telangana including K. T. Rama Rao, the Minister, the Principal Secretary, Jayesh Ranjan, and the Chief Relations Officer, Amarnath Reddy Atmakuri, at the French Senate in Paris, France and had discussions for opening up the location in Hyderabad. The meeting was held on the sidelines of the Ambition India event hosted by French Government and Business France.
Plug And Play’s network includes over 35,000 vetted startups globally in it’s Playbook and 530+ world-leading corporations, and 1,500 active portfolio investments as on date who have raised 9 Billion USD in venture funding. It has 37 offices worldwide including Silicon Valley in the USA, Stuttgart in Germany, Paris in France, Osaka in Japan, Shanghai in China, Valencia in Spain, Amsterdam in Netherlands, and several other countries.
Plug and Play has accelerated 2,056 startups in the year 2020 (585 in USA, 438 in EMEA, and 1,042 in Asia). The company made 162 strategic investments in the year 2020. Plug And Play prominently is the early investor in Google, PayPal, Dropbox, LendingClub, N26, Soundhound, Honey, Kustomer, and Guardant Health.
In the city of Hyderabad, Plug And Play will be focusing on building the ecosystem for Mobility, IoT, Energy, and Infrastructure. Seattle based Triangulum Labs, a Venture Foundry will be partnering with Plug and Play Tech Center in Hyderabad to run the Incubation for the IoT and Smart Cities. (Hydnow)
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