GenNext Innovation Hub, RIL's startup accelerator programme run in partnership with Microsoft Ventures, has inducted its second batch of 10 startups this week, which includes two Israeli companies, with a view to bring global exposure to the fledgling startup ecosystem in the country.
"We've just taken the first baby steps, and we hope to be on parity with the Silicon Valley and Israel, and put our country on the global start-up map by 2022," Vivek Rai Gupta, managing partner at RIL-controlled venture capital arm GenNext Venture, said.
But he did not specify how much the company has already set aside or how much more it can spend to realise the objective.
"We are keen to ensure we have global companies in our mix. We can learn a lot from different cultures, which have different investment practices," he said.
RIL is keen to build a unique platform for start-ups to engage in its own ecosystem of businesses, and potentially partner for large scale enterprises, which could be worth around USD 5 billion, and direct consumer opportunities.
Start-ups have already begun engaging RIL in areas of logistics, supply chain management and corporate security, Gupta said.


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