BENGALURU: The software technology parks of India (STPI) has announced the launch of “IoT OpenLab” – a centre of excellence (CoE) in IoT in Bengaluru. The centre, in association with Ministry of Electronics and Information Technology (MeitY), would present a huge opportunity for startups in a hyper-connected world to build innovative IoT products and solutions, said STPI in a press release..

The IoT OpenLab will focus on creating a robust ecosystem in a collaborative model to nurture startups and drive R&D, innovation and product development for sectors like Defence, Aeronautics, Industrial, Agriculture, Health, Automotive and Education etc.

The centre will be supported by IESA & TiE (Industry Association Partners) to provide network opportunities to startups, PES Institute of Technology and RV College of Engineering (Academic Partners) to provide academic expertise & mentoring to the startups and Cyber Media & Forum Synergy (VC/Angel Partners) to provide funding access and opportunities to startups.

This facility will see industry participation from companies such as Intel, NXP, Qualcomm, Texas Instruments, and others.

“The CoE is aimed to support and nurture around 500 startups over a period of five years. As part of this program we bring together the industry users, technology creators, system integrators and enterprise partners for development and adoption of innovative solutions to the real-world problems,” Omkar Rai, Director General, STPI, was quoted saying.

Sanjeev Keskar, MD, Arrow Electronics and Chief Mentor STPI IoT OpenLab, said he is excited to partner with STPI for this innovation lab and Arrow would extend its global design engineering and supply chain capabilities and help startups and entrepreneurs in India to bring IoT and sensory solutions to market quickly.

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