A number of international startups from Singapore and Canada are looking to enter the Indian market, motivated by its substantial market potential, rapid economic development, and favorable startup environment. These startups signaled their interest in exploring opportunities in India during discussions at EPIC 2025, a global pitch competition recently hosted by the Hong Kong Science and Technology Parks Corporation (HKSTP). From over 1,200 applications submitted by more than 70 countries, 100 startups, including two from India, were selected across three categories: Digital Health Tech, FinTech, and GreenTech. This annual event serves as a venue for founders to engage with global investors, corporate partners, and emerging markets.
Sunny Chai, Chairman of HKSTP, remarked, “We are converting Hong Kong’s connectivity into momentum, facilitating the movement and scaling of ideas across borders. EPIC 2025 exemplifies this, enabling entrepreneurs to connect with emerging markets, eager investors, and top-tier innovation ecosystems.” Bryan Oh, Founder & CEO of Singapore’s NEU Battery Materials, stated, “Our focus is to expand our business beyond Singapore, as battery recycling is a global issue, not just one for Singapore or Hong Kong. We aim to address it through our technology and methods.” Regarding his plans for India, he acknowledged the country’s large market and the thriving startup ecosystem, noting the success of several battery recycling startups there.
“India has a significant number of two-wheelers and three-wheelers, making it a market we are keen to explore for battery recycling. I would like to learn more about the government’s initiatives and policies in India,” said the EPIC 2025 winner in the GreenTech category. Jayden Lu, a Product Engineer at Belli, highlighted India’s rapid economic growth, describing it as an excellent opportunity for investors to establish a customer base in light of its vast population.