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All Articles/Trade Mission Report/Inside the 7-Day India Investment Mission: 350+ Startups, 15 MOUs, and a Meeting with the Deputy Chief Minister of Telangana
Trade Mission ReportFebruary 20257 min read

Inside the 7-Day India Investment Mission: 350+ Startups, 15 MOUs, and a Meeting with the Deputy Chief Minister of Telangana

Startup Runway's January 2025 delegation — with Frisco EDC and McKinney EDC — covered Bhubaneswar, Hyderabad, Visakhapatnam, Bengaluru, and more in seven days.

350+
Startup Interactions
15+
MOUs Signed
7 cities
Covered in 7 Days

In January 2025, Startup Runway led a seven-day investment mission across five Indian cities with economic development partners from Frisco and McKinney, Texas. The mission generated 350+ startup interactions, 15+ MOUs, and a meeting with the Deputy Chief Minister of Telangana — producing a pipeline that continues to feed the Richardson IQ® incubator today.

Why We Went

The India corridor is Startup Runway's most active pipeline. With 24 companies already landed in the United States and a growing network of institutional partners across India's major innovation hubs, the January 2025 mission was designed to deepen existing relationships and open new ones in states we had not yet visited systematically.

“The signal is that this is not a vendor visit — it is a government-to-government relationship.”

The delegation included Startup Runway's core team alongside representatives from Frisco Economic Development Corporation and McKinney Economic Development Corporation — two of the fastest-growing cities in the Dallas–Fort Worth metroplex. The presence of city economic development officials is not incidental: Indian government bodies and incubators respond differently when a US city government is personally represented in the room. The signal is that this is not a vendor visit — it is a government-to-government relationship.

Day 1: Bhubaneswar — KIIT-TBI and the Odisha Ecosystem

The mission opened in Bhubaneswar with a visit to KIIT-Technology Business Incubator, one of India's most productive incubators by outcome metrics: 386 startups incubated, 160+ graduated, 5,000+ direct jobs created, and $13.66 billion in follow-on funding facilitated.

The delegation signed a formal MOU with KIIT-TBI, establishing a structured pipeline for KIIT portfolio companies to access the Richardson IQ® soft landing programme. Twenty startups participated in a structured session with the delegation, with six identified as strong candidates for the India–US corridor based on their technology maturity, revenue stage, and target buyer profile.

“Bhubaneswar is not a city that appears on most US investors' India maps.”

Bhubaneswar is not a city that appears on most US investors' India maps. That is precisely why it matters. The Odisha government's active support for the startup ecosystem — including the Odisha Youth Innovation Fund — has created a cohort of early-stage companies with genuine technology differentiation and significantly lower valuation expectations than comparable companies in Bengaluru or Hyderabad.

Days 2–3: Hyderabad — T-Hub, T-Works, and a Round Table with 130+ Startups

Hyderabad is Startup Runway's most established India relationship. The city hosts 240+ funded startups, 50 incubators and accelerators, and $2.6 billion in cumulative startup funding from 2014 to 2024. The ecosystem spans B2B SaaS, manufacturing, fintech, and IT.

The delegation's Hyderabad programme included an exclusive dinner with 20 high-net-worth individuals and 30 incubator leaders on Day 2, followed by a round table at T-Hub with 130+ startups on Day 3. T-Hub is India's largest incubator by active portfolio, with 1,500+ startups currently in residence. T-Works, which the delegation also visited, is India's largest prototyping centre — a 5,000-square-metre facility that gives hardware and deep tech startups access to manufacturing equipment that would otherwise require a $2M+ capital investment.

“T-Hub is India's largest incubator by active portfolio, with 1,500+ startups currently in residence.”

The Hyderabad sessions produced a signed MOU with India Startup Foundation, an organisation with direct relationships across 15+ Indian states. This MOU gives Startup Runway structured access to a pre-screened pipeline of companies across sectors including AI, cybersecurity, edtech, and medtech.

Day 4: Meeting with the Deputy Chief Minister of Telangana

The most significant government engagement of the mission was a meeting with Batti Vikramarka Mallu, Deputy Chief Minister of Telangana, on Day 4 in Visakhapatnam. The meeting covered three areas: the existing Startup Runway–Telangana relationship, the potential for a formal state-level MOU, and the specific sectors where Telangana is actively seeking US investment and technology partnerships.

The Deputy Chief Minister's office identified three priority sectors for US partnership: skill development technology, government digital infrastructure, and manufacturing automation. These align directly with the technology profiles of companies in Startup Runway's India–US pipeline.

“The Deputy Chief Minister's office identified three priority sectors for US partnership: skill development technology, government digital infrastructure, and manufacturing automation.”

The Visakhapatnam programme also included an exclusive dinner with 20 high-net-worth individuals and 20 incubator leaders, continuing the pattern of combining government engagement with private sector relationship-building.

Days 5–6: Bengaluru — NASSCOM, KDEM, and 50+ Startups at AMTZ

Day 5 opened with a visit to AMTZ — India's first dedicated medical technology manufacturing zone, a 270-acre facility that hosts 50+ medtech startups. The delegation signed an MOU with AMTZ and with APIS (Andhra Pradesh Innovation Society), which supports 550+ DPIIT-recognised startups including 600+ women-led companies.

Day 6 in Bengaluru covered KDEM (Karnataka Digital Economy Mission), NASSCOM IoT, NASSCOM 10K, RBIH (Reserve Bank Innovation Hub), and SFAL (Startup Farm Accelerator Lab). The Bengaluru sessions produced 50+ startup interactions and introductions to the ITBT Karnataka government team.

“The Bengaluru sessions produced 50+ startup interactions and introductions to the ITBT Karnataka government team.”

Bengaluru hosts 800+ funded companies with $10.5 billion in funding from 2014 to 2023 — the largest concentration of deep tech and AI companies in India. The NASSCOM relationships established during this visit give Startup Runway structured access to NASSCOM's 10,000-member company network for future pipeline development.

Day 7: Hi-Tea with 15 HNIs, 20 VCs, and Large Enterprises

The mission concluded with a hi-tea event attended by 15 high-net-worth individuals, 20 venture capital investors, and representatives from large enterprises including GMR Group and Tally Solutions. This format — a curated, invitation-only event rather than an open conference — is Startup Runway's preferred model for investor relationship-building. The quality of conversation at a 50-person curated event is categorically different from a 500-person conference.

Mission Impact: By the Numbers

The seven-day mission produced the following documented outcomes:

350+ startup interactions across five cities. 10+ incubator leaders engaged. 15+ MOUs signed with government bodies, incubators, and industry associations. 150+ incubator visits. 50+ industry leader meetings. 75+ high-net-worth individuals and venture capital investors engaged.

“15+ MOUs signed with government bodies, incubators, and industry associations.”

Industry verticals represented in the pipeline generated by this mission: Health & Wellness, Edtech, Fintech, Robotics, Medtech, Agritech, Cybersecurity, Artificial Intelligence, EV & Mobility, Semiconductor, Machine Learning, SaaS, Media Tech, and Logistics.

Key Takeaways
  • Why We Went
  • Day 1: Bhubaneswar — KIIT-TBI and the Odisha Ecosystem
  • Days 2–3: Hyderabad — T-Hub, T-Works, and a Round Table with 130+ Startups
  • Day 4: Meeting with the Deputy Chief Minister of Telangana
  • Days 5–6: Bengaluru — NASSCOM, KDEM, and 50+ Startups at AMTZ
  • Day 7: Hi-Tea with 15 HNIs, 20 VCs, and Large Enterprises
  • Mission Impact: By the Numbers