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Source:- IBEF

“Software Technology Parks of India (STPI), partners with Arrow Electronics, to set up a Centre of Excellence – STPI IoT OpenLab. The lab is spread over an area of 4,200 sq ft. and aims to support and nurture around 500 startups over a period of five years.

STPI stated in a statement on Monday that the first batch of IoT startups is on board.

It added that The STPI IoT OpenLab would bring about revolutionary changes in IoT innovation, product creation, and IPR creation by fostering promising technology start-ups while providing a compelling collaborative forum. IoT OpenLab will enable creative start-ups to build disruptive IoT-based technologies, products, and solutions in various market verticals such as defense, aeronautics, aeronautics, industrial, agriculture, health, automotive, and education.

IESA and TiE (Industry Association Partners) are supporting the IoT OpenLab to provide network resources for start-ups, PES Institute of Technology and RV College of Engineering (Academic Partners) to provide start-ups with academic knowledge and mentoring, and CyberMedia and Platform Synergy (VC / Angel Partners) to provide start-ups with funding access and resources.

The statement said that the industry partnership covers ONsemi, Kyocera, NXP, Analog devices, ST Micro, Infineon, Silicon Labs, Microchip, Littelfuse, and KEMET.

STPI Director-General Mr. Omkar Rai, in his keynote address during the webinar of Going Live with STPI IoT OpenLab, stated that startups can access the STPI IoT OpenLab from across the country and leverage the potential of mentor pool.” STPI is an autonomous society under the Ministry of Electronics and Information Technology.”