A trailblazing innovator in the Indian tech scene, has set its sights on expanding into Europe, selecting Paris as its strategic hub. Known for its vibrant tech ecosystem and central European location, Paris offers them an unparalleled access to talent, markets, and innovation partnerships in the region.
The challenge
Despite its technological prowess, this innovator faced significant hurdles in establishing a foothold in Europe. With no prior experience in setting up operations abroad and lacking a local network, navigating the complex landscape of regulations, market dynamics, and cultural nuances posed a formidable challenge.
Solution
Hubstance facilitated introductions to top tech incubators in Germany, providing them with invaluable best practices and networking opportunities. Leveraging its extensive network with German Economic Affairs, Hubstance also guided them through navigating regulatory frameworks, including Germany's innovation box incentives.
Additionally, Hubstance played a pivotal role in securing suitable office space and establishing a legal entity and governance framework, ensuring compliance and operational readiness. With Hubstance's expertise and support during the initial year, they successfully launched its Paris hub, poised to drive innovation and growth across Europe.