Software Technology Parks of India (STPI), an organisation under the Ministry of Electronics and Information Technology (MeitY), has been working towards creating an ecosystem for startups in India and creating 28 Centres of Excellence in emerging technologies.
STPI has signed six different MoUs with Bank of Baroda, Yes Bank, Mathworks, Yourstory, Freshworks and Pontaq (the Fund Manager selected for Next Generation Incubation Scheme).
The MoUs are intended to promote entrepreneurship & create a nurturing ecosystem for STPI CoEs in areas such as digital and mobile payments, blockchain, IoT, big data, and other emerging technologies, the organisation said.
“It’s a momentous occasion that we are signing MoUs & forging partnerships with our esteemed partners, and this will further catalyse the startup momentum.
STPI CoEs initiative is not an isolated one; it’s part of a larger startup program that MeitY has envisioned to accelerate startup growth through MeitY Startup Hub (MSH),” said Dr. Omkar Rai, DG, STPI & Chairman, STPI NEXT.
“STPI & STPINEXT are trying to create a startup ecosystem to address the problems of startups. We are attracting ideas, promoting innovation & research, and giving them a platform to translate their ideas into market-ready products.
The concept of chief mentors, who are industry stalwarts & entrepreneurs, driving the success of startups differentiates us from other incubators,” said Devesh Tyagi, Senior Director, STPI.
“We have 177 startups on our platform from already launched 13 STPI CoEs and NGIS. Signing of MoUs is a key step towards building a robust startup ecosystem in the country,” pointed Subodh Sachan, Director, STPI and MD & CEO, STPINEXT during the Exchange of MoUs & Announcement of Partnerships.
Sunil Motwani, Country Manager, Mathworks underlined that “Signing of MoU with STPI & STPINEXT is an appropriate feat for further expanding our technology reach with engineering institutions, industries, and startups for scaling the skilling of professionals through MathWorks tools like MATLAB.”
“Yes Bank has always been at the forefront of the digital revolution as one of its key evangelists and practitioners, fostering path breaking technology-led innovations and guiding start-ups across their entire life cycle.
It shall be our joint mission to use this platform for co-creating solutions that will help consumers of financial services, across India and Bharat to adapt to digital services in a seamless, intuitive and ubiquitous manner.
The fresh perspective brought through this collaboration will bolster the overall start-up ecosystem,” said Ajay Rajan, Country Head, Transaction Banking Group, Yes Bank.
“This is a momentous occasion for us to partner with STPI & STPINEXT and further fuel the growth of the startup ecosystem. We can accelerate the growth by encouraging more young entrepreneurs to join the ecosystem.
I can see the network of STPI CoEs pan-India and I am sure this partnership will boost the startup ecosystem,” concluded Akhil Handa, Chief Digital Officer, Bank of Baroda.
