According to an official release, the MoU will facilitate trade and investment between Australia, New Zealand and the Indian subcontinent. Tat Capital is the only Australian/ New Zealand business with such an agreement.
The MoU provides T-Hub's start-ups access to Tat Capital's global family office and investor network and connects T-Hub's start-ups with globally recognised Australian growth companies with next generation innovations to explore acquisition, partnerships and strategic investment ideas, the release said.
The MoU also connects T-Hub's start-ups and VC community with Australian VC, PE and family office investors to cross-pollinate ideas, technology and capital between the regions, it further said. T-Hub CEO Jay Krishnan said, "Entrepreneurs are always breaking boundaries and this is another geographical barrier that we hope entrepreneurs in India, especially T-Hub, will cross and help us establish a long-standing relationship with Australia and New Zealand."
"This also provides them with an opportunity to sail in uncharted waters and swim against the tide. We look forward to this association with Tat Capital and building greater things for entrepreneurship in India," he said.
Tat Capital co-founder Ram Gorlamandala said the new agreement was testament to the growing interest in cross-border opportunities between the three countries.
The MoU will allow Tat Capital to offer Australian businesses access to Indian expertise from the Indian School of Business, Indian Institute of Information Technology, and the National Academy of Legal Studies and Research.
Australian companies will be able to utilise resources in Indian business, technology, intellectual property and legal frameworks to start or improve their businesses in India.
Next month, Tat Capital, along with number of prominent and listed Australian, NZ and Indian businesses, will host a business insights tour to Hyderabad.