HomeLatest NewsStartupsSTPI signs 4 MoUs during 'MeitY Startup Summit 2019' to strengthen startup ecosystem

STPI signs 4 MoUs during ‘MeitY Startup Summit 2019’ to strengthen startup ecosystem

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To create a robust startup ecosystem in the country, Software Technology Parks of India (STPI) has signed four Memorandum of Understanding (MoUs) during the MeitY Startup Summit 2019.

The MoUs includes a partnership with Intel India, Innovation Park, Pontaq and IBM in the field of ICT and emerging technologies.

According to a note, these MoUs will bring collaboration on knowledge exchange and enhancing cooperation between technological institutions, venture capitalists, industries and government agencies.

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“The MoUs are meant for promoting entrepreneurship and create a nurturing ecosystem for STPI CoEs in areas such as digital and mobile payments, blockchain, IoT, big data, and other emerging technologies,” said STPI in a statement.

The central government supported organisation is looking to set up as many as 28 domain-specific Centres of Excellence (CoE) in emerging technologies.

According to a senior official, to push the enrolment process, an online technology platform will soon be launched. Currently, IIM Calcutta Innovation Park (IIMCIP) is assisting in calling application, screening, onboarding and reviewing .

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The STPI CoEs are spread across various states including IoT OpenLab in Bengaluru, ESDM Incubation Centre in Bhubaneshwar, Autonomous Connected Electric Shared Vehicles CoE in Pune, MedTech & Health Informatics CoE in Lucknow, Rural & Agri IoT CoE in , BlockChain CoE in Gurugram, and IoT in Agri CoE in Patna-Motihari.

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