This scheme will support around
300 start-ups for the next three years by offering Rs 25 lakh risk capital and
Rs 10,000 internship per startup.
Software
Technology Parks of India (STPI), an Autonomous Society set up by the Ministry
of Electronics and Information Technology (MeitY), will float a venture
capital fund to support startups & entrepreneurs from the tier II and
III cities to launch new technology products.
This comes in the
backdrop of technology products exports expected to increase 7-8 times in the
next five years from $10 billion now as envisioned in National Policy on
Software Products (NPSP).
Omkar Rai,
Director General, Software
Technology Parks of India (STPI) said that one of the prime focus of STPI
is to disperse the industry to Tier-II and III cities and to develop &
nurture the eco-system for supporting startups & MSMEs.
Meanwhile, despite
the pandemic STPI has given approval for 84,360 certificates, whose export
value is estimated to be around Rs 46,556 crore during the lockdown. It also
took a series of initiatives to help IT/ITeS companies to navigate the current
pandemic. In the last couple of months, especially during the pandemic STPI has
taken various initiatives including launching of six centers of excellence
(CoEs) in emerging technologies and 10-15 more CoEs are in pipeline.
These centers will
focus on new age technologies including artificial intelligence, machine
learning, data analytics, autonomous connected electric shared (ACES) mobility,
block chain, VR/AR, fintech, medtech, agritech among others. Through these
centers, STPI shall act as single-window facilitation centres to extend
requisite lab support, funding and mentoring to startups.
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