January 24, 2018
On November 17th, 2017, Alacrity India partners Gireendra Kasmalkar and Mike Manson hosted a groundbreaking ceremony to kick off the construction of the Alacrity India Incubator building in Pune, India. The ceremony attracted numerous local tech CEO’s, dignitaries from the Pune community, friends and family, as well as profound support from the Government of Canada.
The Honourable Navdeep Singh Bains, Minister of Innovation, Science & Economic Development attended the ceremony alongside Jordan Reeves, Consul General of Canada in Mumbai. Both expressed their excitement for the project to begin, and their desire for the building to represent a strengthening of ties between Canada’s innovative ecosystem and India’s entrepreneurship and vast market.
The building will be 32,000sq ft and will house roughly 250 desks that will be used for Alacrity India Incubator companies and Ideas to Impacts staff. Construction is expected to be completed by 2019.
Alacrity Global invests in young people and startups in rapidly growing economies. We work to enable the various companies in our ecosystem to participate in international markets through the licensing of newly developed technologies. The Alacrity Global initiative brings over 120 million dollars in seed stage startup investment, and will follow with an Alacrity Global growth fund of 200 million dollars for series A and series B follow ons in 2018.