STPI Signs Six MoUs to Strengthen Collaborative Ecosystem for Start-ups
New Delhi, Delhi, India: Software Technology Parks of India (STPI), an organisation under MeitY has been working for the creation of a start-up ecosystem in the country 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.
In order to deliver an all-embracing service to the incubated start-ups, STPI/STPINEXT has been constantly exploring associations with various partners from industry, academia, financial institutions, advisory bodies and experts to leverage their services, knowledge and expertise for bringing comprehensiveness to the service portfolio of the CoEs.
Speaking on the occasion Dr. Omkar Rai, DG, STPI & Chairman, STPINEXT highlighted, “It’s a momentous occasion that we are signing MoUs & forging a partnership with our esteemed partners, and this will further catalyse the start-up momentum. STPI CoEs initiative is not an isolated one; it’s part of a larger start-up program that MeitY has envisioned to accelerate start-up growth through MeitY Start-up Hub (MSH).”
Shri Devesh Tyagi, Senior Director, STPI articulated, “STPI & STPINEXT are trying to create a start-up ecosystem to address the problems of start-ups. 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 start-ups differentiates us from other incubators."
“We have 177 start-ups on our platform from already launched 13 STPI CoEs and NGIS. The signing of MoUs is a key step towards building a robust start-up ecosystem in the country,” cited Shri Subodh Sachan, Director, STPI and MD & CEO, STPINEXT during the Exchange of MoUs & Announcement of Partnerships.
On this occasion Shri Sunil Motwani, Country Manager, Mathworks expressed, “Signing of MoU with STPI & STPINEXT is an appropriate feat for further expanding our technology reach with engineering institutions, industries, and start-ups for scaling the skilling of professionals through MathWorks tools like MATLAB.”
Shri Ajay Rajan, Country Head, Transaction Banking Group, YES Bank said, “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.”
Shri Akhil Handa, Chief Digital Officer, Bank of Baroda accentuated, “This is a momentous occasion for us to partner with STPI & STPINEXT and further fuel the growth of start-up ecosystem. We can accelerate the growth by encouraging more young entrepreneurs joining the ecosystem. I can see the network of STPI CoEs pan-India and I am sure with this partnership will boost the start-up ecosystem.”
