STPI creating robust tech ecosystem for budding entrepreneurs: Minister

STPI, under the Ministry of Electronics and Information Technology (MeitY), has launched a new incubation facility at Salt Lake, Kolkata to promote entrepreneurship and IT exports from West Bengal.

“India is on a transformative journey to become the global hub of technology and innovation. The inauguration of the new STPI incubation facility in Kolkata is a testament to our unwavering commitment to fostering innovation, nurturing startups and promoting inclusive growth across regions,” said Prasada.

STPI has been instrumental in creating a robust tech ecosystem by providing state-of-the-art infrastructure, incubation support, and a platform for budding entrepreneurs to thrive.

“As we stride forward in the era of Artificial Intelligence and data-driven innovation, India is focused on developing its own AI models and GPUs, ensuring equitable access for researchers, students and startups,” the minister noted.

With vast data resources and the government’s commitment to expanding technology access beyond metropolitan cities, “we are bridging the digital divide and unlocking opportunities in Tier-2 and Tier-3 cities”, he maintained during his address.

STPI operates 67 centres across India, with 59 in Tier-2 and Tier-3 cities, ensuring inclusive growth and fostering entrepreneurship beyond metro hubs, including Kolkata, Kharagpur, Siliguri, Haldia, and Durgapur in West Bengal.

The organisation has also established 24 domain-specific Centres of Entrepreneurship (CoEs) focused on HealthTech, MedTech, Blockchain, IoT, and Agritech, among others.

According to Arvind Kumar, Director General, STPI, the incubation centre will provide world-class infrastructure, mentorship, and market access for startups, enabling them to drive innovation in frontier technologies such as AI, IoT, Blockchain, and FinTech. “The Indian government is taking decisive steps to strengthen AI capabilities and enhance computing infrastructure to position India as a leader in the global technology landscape,” Kumar stressed. (IANS)

Latest News

Lab-grown? Can’t call it a diamond: BIS defines new standards for natural stones

Blitz Bureau NEW DELHI: The Bureau of Indian Standards (BIS)...

The LIFT that won’t stick IMF raises India’s growth forecast to 7.3% but warns of a dip next year

Blitz Bureau NEW DELHI: The International Monetary Fund’s (IMF) decision...

Validation of momentum, not sustained trajectory

Blitz Bureau NEW DELHI: The International Monetary Fund’s upward revision...

Bracing for battle of bits & bytes

Blitz Bureau NEW DELHI: The global cybersecurity report explores how...

Topics

Lab-grown? Can’t call it a diamond: BIS defines new standards for natural stones

Blitz Bureau NEW DELHI: The Bureau of Indian Standards (BIS)...

The LIFT that won’t stick IMF raises India’s growth forecast to 7.3% but warns of a dip next year

Blitz Bureau NEW DELHI: The International Monetary Fund’s (IMF) decision...

Validation of momentum, not sustained trajectory

Blitz Bureau NEW DELHI: The International Monetary Fund’s upward revision...

Bracing for battle of bits & bytes

Blitz Bureau NEW DELHI: The global cybersecurity report explores how...

No more flight cuts, promises IndiGo DGCA satisfied with stabilisation efforts

Blitz Bureau NEW DELHI: The Directorate General of Civil Aviation...

Ikea to increase India presence To double investment to $2.2 billion in 5 years

Blitz Bureau NEW DELHI: Sweden's Ikea will more than double...

Criticism with dignity Need for respecting differing viewpoints: PM Modi

Blitz Bureau NEW DELHI: Prime Minister Narendra Modi has stressed...
spot_img