In order to promote technology innovation, startups and creation of intellectual property, MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & IT (MeitY), has entered into a Memorandum of Understanding (MoU) with Infineon Technologies India.
The collaboration aims to foster the development of incubation centres, Centres of Excellences (CoEs) and startups in India particularly in the field of Electronics and IT.
Infineon Technologies is a renowned semiconductor company and is counted amongst the top 10 semiconductor companies globally.
In India, Infineon has a wide presence and outreach with large R&D and Sales teams developing leading-edge semiconductors and software for Automotive, Power, IoT & Security markets and providing sales and technical support to local customers.
The collaboration of MSH and Infineon shall assist in “capability building” of the MSH startups by providing them access to new products and solutions, development trends, network base, mentorship and technical guidance with a goal to strengthen the local competence of the startups.
The joint efforts focus on creating a vibrant start-up ecosystem in India by creating a strong economy built on the twin engines of innovation and technological advancement thus promoting the growth and sustainability of start-ups in the country.
“By supporting MSH initiatives, we aim to empower more start-ups and incubators to lead in technology building and local manufacturing, providing a boost to country-wide innovation & ecosystem development,” Vinay Shenoy, Managing Director, Infineon Technologies India.
“MSH collaboration with Infineon providing startup offerings, domain expertise, multitude of resources and network opportunities is assured to benefit the startup ecosystem by facilitating technology progression and innovation diffusion in manufacturing and hardware sector,” said Jitendra Vijavargiya, CEO (MSH).
Last month, the Software Technology Parks of India (STPI) under Ministry of Electronics and Information Technology (MeitY), Government of India have launched Next Generation Incubation Scheme (NGIS) “CHUNAUTI 2.0 (Challenge) – Enabling Women Entrepreneurs to Co-Author the Innovation Growth Story of India.”
