MeitY launches Startup Hub (MSH) & STPI inks MoUs

Hon’ble Minister for Electronics & Information Technology, Communications and Law & Justice Ravi Shankar Prasad has inaugurated MeitY Startup Summit 2019 on 21st October in New Delhi and interacted with leading Tech Entrepreneurs. MeitY Startup Summit 2019 is a groundbreaking step towards bringing together key stakeholders to deliberate on how tech startups would catalyse the socio-economic growth of India by leveraging emerging technologies.

The Hon’ble Minister also launched MeitY Startup Hub (MSH). MSH has been set up in order to facilitate MeitY's vision of promoting technology innovation, startups and creation of Intellectual Properties. As a nodal agency, Software Technology Parks of India (STPI), an organisation under MeitY, is entrusted with the implementation of MSH.

STPI has been working for the creation of a startup ecosystem in the country and creating 28 Centres of Excellence in emerging technologies. In this regard, STPI has signed four different MoUs with Intel India Pvt Limited, IIM Calcutta Innovation Park, Pontaq and IBM for promoting innovation in Information and Communications Technology and related emerging fields during the MeitY Startup Summit 2019.

These MoUs will bring collaboration on knowledge exchange and enhancing cooperation between technological institutions, venture capitalists, industries and government agencies.The collaborative platform will leverage and bring startup intervention programme to STPI. The MoUs are meant for promoting entrepreneurship & create a nurturing ecosystem for STPI CoEs in areas such as digital and mobile payments, blockchain, IoT, big data, and other emerging technologies.

STPI has initiated the activity of setting up of various domain-specific CoEs across India. For this, STPI has planned for an online technology platform. IIM Calcutta Innovation Park (IIMCIP), a leading technology business Incubator under Department of Science & Technology, Government of India has been engaged as a knowledge partner for providing their expertise in the call for application, screening, onboarding & review of startups across STPI CoEs.

These MoUs are massive step forward for various STPI CoEs like IoT OpenLab at Bengaluru, ESDM Incubation Centre at Bhubaneshwar, VARCoE at Bhubaneshwar, Autonomous Connected Electric Shared Vehicles CoE at Pune, MedTech & Health Informatics CoE at Lucknow, Rural & Agri IoT CoE at Guwahati, BlockChain CoE at Gurugram and IoT in Agri CoE at Patna-Motihari and others. Startups and entrepreneurs will share techniques that they find effective with one another. They will work with practitioners to capture viable techniques so as to build organizational memory around their processes and strategies.