Date: July 12, 2021

STPI signs six MoUs to strengthen startup ecosystem

STPI signs six MoUs to strengthen startup ecosystem

Software Technology Parks of India (STPI), an organization under the IT ministry, has signed six memoranda of understanding (MoUs) with Bank of Baroda, YES Bank, Mathworks, YourStory, Freshworks and Pontaq, as it looks to strengthen the collaborative startup ecosystem in the country.

STPI has been working for the startup ecosystem in the country and creating 28 Centres of Excellence (CoEs) in emerging technologies.

The MoUs are intended to promote entrepreneurship and create a nurturing ecosystem for STPI CoEs in areas such as digital and mobile payments, blockchain, IoT, big data, and other emerging technologies.

In order to deliver an all-embracing service to the incubated startups, STPI has been constantly exploring associations with various partners from industry, academia, financial institutions, advisory bodies and experts to leverage their services, knowledge and expertise for bringing comprehensiveness to the service portfolio of the CoEs.

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