Tata Elxsi and AISB Holdings partner to provide greater market access to Technology Startups

BANGALORE, India - April 2, 2013 - PRLog -- Tata Elxsi, India’s leading design company, recently launched incub@TE - an incubation centre program to nurture and support aspiring entrepreneurs. AISB Holding Pte Ltd. Is based in Singapore and excels in promoting business alliances and investment in South East Asia, Japan & India having keen interest in SME and entrepreneurial ventures.

Tata Elxsi and AISB agreed to extend their incubation offerings and contribution to the value chain of each other’s portfolio companies, providing them with a platform for growth, go-to-market and funding support.  

AISB extends its business operation strategy and cross border business matching capabilities to Tata Elxsi portfolio companies. This includes connections for business alliances, access to its ecosystem within Asia and funding for companies that meet AISB criteria.

Tata Elxsi extends its incub@TE program benefits to AISB portfolio companies, including infrastructure, mentorship, go-to-market support in India and contribution to their execution capabilities by providing access to world-class product design and engineering services and its Technology IP portfolio, to help reduce development costs and time to market. These will be covered under separate agreements with the respective portfolio companies.

“AISB brings its focus to boost business Value by deep commitment to Business Operation Strategy,” said Kausik Mandal, Partner(Technology Division) AISB. “Working together with Tata Elxsi, we bring our companies global growth and execution capabilities”.

“This partnership provides portfolio companies with access to capital, South East Asian  & Japan markets and complementary capabilities. We look forward to working together to nurture and empower the next generation of technology entrepreneurs and enable their success” added Mr. Rajesh Kumar, Vice President, Strategic Initiatives, Tata Elxsi.

About AISB

AISB Holdings is an Alliance Management & Private Equity Investment firm. HQ in Singapore, with additional offices in Tokyo,Jakarta & Bangkok. AISB offers Strategic Alliance/Joint Venture management advisory and Private Equity Investment advisory & funding in South East Asia, Japan & India. This is supported by it’s key Officers that are having extensive experience working in the management of business companies in areas like Hi Tech, IT, Renewable & Conventional Energy and FMCG.  For more information, visit http://www.aisbholdings.com

About Tata Elxsi:

Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of the $ 100 billion Tata group, Tata Elxsi addresses the communications, consumer products, defense, healthcare, media & entertainment, semiconductor and transportation sectors. This is supported by a talent pool of over 4000+ employees and a network of design studios, development centers and offices worldwide. Key services include embedded product design, industrial design, animation & visual effects and systems integration.

About incub@TE

The Tata Elxsi incub@TE program has been set up to foster entrepreneurial activities in the technology space. The incub@TE program provides a platform for startups and prospective entrepreneurs to convert their ideas into commercially viable products or services. This programs help to take the entrepreneurs ideas to the market real fast by providing ready-to-use infrastructure, key technical consulting through in-house experts, mentorship, access to service providers, plug-n-play office and connections with people and organizations who matter. This enables the startups associated with the program get better visibility and an association that brings trust in their target market. For more information and to apply visit http://www.tataelxsi.com/incubate

Media Contacts

AISB

Emi Tsuno

e.tsuno@aisbholdings.com

Tata Elxsi

Hari Balan

Corporate  Communications
media@tataelxsi.com