Toonz Animation gets into GTS-2008 shortlist

Economy Bureau
Posted: Friday, May 09, 2008 at 2340 hrs IST
Updated: Friday, May 09, 2008 at 2340 hrs IST

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Thiruvananthapuram, May 8 : Toonz Animation India, rated among Asia's premier animation studios, has got into the GTS-2008 (Global Tech Showcase) shortlist. GTS is held in conjunction with the World Investment Conference in La Brule, France from June 4 to June 6, 2008.

Hosted by EuroStart Capital Partners LLC, a San Francisco-based venture fund, the GTS 2008 offers the opportunity for the most promising companies from around the world to launch and accelerate their business in Europe. The fete at World Investment Conference is envisaged to feature corporate and political leaders from firms such as Sony, Freescale, EDF, Nokia, BT, Total, Siemens, as well as government officials and ministers from around Europe.

It was after review of over 700 companies that GTS-2008 selection committee picked up Toonz. The selectors include senior executives from European business groups like Siemens, T-mobile, British Telecom, SAP, ST Microelectronics, Burda and Bouygues Telecom.

P Jayakumar, CEO Toonz animation sees the shortlisting as a "launch pad for Toonz's expansion plans in Europe.

GTS 2008 sponsors include Dow Jones Venture Source, VLAB MIT/Stanford Venture Lab, Europe+ Foundation, Nair & Co., Inc., NYSE Euronext Stock Exchange, the State of California and Avenir Finances. "GTS 2008's unique format will catalyze immediate revenue ramp-up in Europe," says Jean-Bernard Guerrée, Managing Director at EuroStart.

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