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Karnataka signs Letter of Intent with New Jersey to strengthen tech and innovation ties
Economic Times
·
1y ago
Medial
The Karnataka government has signed a Letter of Intent (LoI) with the New Jersey Department of State, USA, to enhance cooperation in technology, innovation, and economic development. The agreement aims to establish collaboration between Bengaluru and New Brunswick, focusing on areas such as startup ecosystem engagement, technological advancements in life sciences and deep technologies, and promoting exchanges between the two cities. This partnership aligns with Karnataka's Global Innovation Alliances initiative, which aims to foster international collaboration and knowledge-sharing.
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Bengaluru, New Brunswick of US to form twin-city collaboration
Economic Times
·
1y ago
Medial
The Karnataka government has signed a letter of intent with the New Jersey Department of State to enhance cooperation in technology, innovation, and economic development. The agreement aims to establish a twin-city collaboration between Bengaluru and New Brunswick, promoting engagement in the startup ecosystem. Additionally, the partnership will focus on technological collaboration and advancing sectors such as life sciences, cybersecurity, artificial intelligence, and electronics. This collaboration aligns with Karnataka's Global Innovation Alliances initiative, which focuses on building international partnerships to accelerate innovation and knowledge-sharing.
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Saudi Arabia's Humain, Chaired by Crown Prince, Unveils $10B AI Fund, $23B US Tech Deals, $14.9B Tech Inflow | DeepNewz Middle East
Business Bytes
·
9m ago
Medial
Saudi Arabia's new state-owned AI company, Humain, chaired by the Crown Prince, has announced a $10 billion venture capital fund to attract investment from US tech companies and investors. This initiative aims to foster AI development and strengthen ties with the US technology sector. Additionally, the country has unveiled $23 billion in US tech deals, reflecting its strategic push toward expanding its influence and innovation in artificial intelligence and technology sectors.
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Karnataka govt launches LEAP programmes to strengthen tech, innovation hubs - The Economic Times
Economic Times
·
4m ago
Medial
The Karnataka government launched the LEAP programme to bolster tech innovation hubs, signing Letters of Intent worth Rs 2,600 crore to enhance the state's manufacturing and innovation ecosystem. Two key initiatives, Elevate Next (Deeptech) and Elevate Beyond Bengaluru, were introduced under LEAP to support start-ups and entrepreneurship. The programme targets infrastructure, funding, and sector-specific support, aiming for decentralisation and inclusivity. Additionally, partnerships for training and skilling initiatives were announced to create significant job opportunities.
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Karnataka govt invites startups to provide tech products and solutions for departments
IndianStartupNews
·
2y ago
Medial
The Karnataka government has invited startups to propose technological products and solutions for various government departments. Led by the Karnataka Innovation and Technology Society (KITS), the initiative aims to foster collaboration between the government and the startup sector. Interested startups can submit their proposals through the Karnataka Public Procurement Portal, with a deadline of January 4, 2024. The initiative is part of the government's strategy to enhance innovation and collaboration opportunities for startups and strengthen Karnataka's startup ecosystem.
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Industries minister meets tech CEOs, discusses semiconductor growth in state
Economic Times
·
1y ago
Medial
- Karnataka's industries minister, MB Patil, met with global technology CEOs in New York to explore opportunities for the semiconductor industry in the state. - Eugenus Technology, a provider of advanced semiconductor manufacturing equipment, is looking for expansion in Karnataka. - Lam Research, a global supplier of wafer fabrication equipment, established its systems lab in Bengaluru and is seeking collaboration in the state's semiconductor sector. - Patil addressed American companies at a roundtable hosted by the US-India Strategic Partnership Forum, highlighting potential growth and strengthening ties between the USA and Karnataka. - The CEO of Alphawave Semi expressed interest in contributing to the semiconductor ecosystem in Karnataka. - The visit aimed to position Karnataka as a global hub for the semiconductor industry and attract investment and innovation in the sector.
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Karnataka To Launch Integrated Fintech Programme Soon
Inc42
·
2y ago
Medial
The Karnataka government is planning to establish a Centre of Excellence (CoE) for fintech startups, focusing on nurturing talent, leadership, entrepreneurship, and fostering innovation. The state's IT/BT Minister, Priyank Kharge, revealed that Karnataka has 1,300 active fintech startups, with 12 out of 23 fintech unicorns based in Bengaluru. The government aims to create a Fintech Regulatory Support framework to encourage innovation and industry growth. Last year, Karnataka announced plans to invest INR 25 crore in setting up a fintech hub in Mangaluru and launched the Startup Karnataka Policy 2022-2027 to support and strengthen the startup ecosystem.
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Karnataka ties up with France and Poland on startup and innovation at AI Summit - The Economic Times
Economic Times
·
1m ago
Medial
Karnataka's IT/BT department signed agreements with France and Poland at the India AI Impact Summit to strengthen startup and innovation ties. Collaborations with France focus on establishing a Europe–India startup corridor through Bengaluru, while the Poland partnership aims to enhance innovation exchanges. These initiatives target sectors like AI, deeptech, and gaming, involving joint task forces to identify projects and boost market access. The aim is to deepen technology ties and expand opportunities for Karnataka's startups.
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IBM to support Maharashtra in developing quantum computing initiative - The Economic Times
Economic Times
·
7m ago
Medial
IBM is set to assist Maharashtra in developing its quantum computing initiative by offering expertise and conducting skills development workshops. The collaboration, formalized through a letter of intent with the Maharashtra government, aims to build a vibrant quantum ecosystem in the state. The initiative, supported by IBM's newly inaugurated client experience center in Mumbai, will focus on transforming lives through quantum innovation and building a skilled talent pool, making its benefits accessible to all citizens.
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Maruti, Japanese trade body to facilitate business opportunities for startups from India, Japan
Economic Times
·
9m ago
Medial
Maruti Suzuki India has partnered with the Japan External Trade Organisation (JETRO) to boost innovation and business opportunities for Indian and Japanese startups. Through a Memorandum of Understanding (MoU), the collaboration will help Indian startups access Japan's innovation ecosystem and vice versa. The initiative includes facilitating startup participation in relevant activities and networking with partners. This partnership aims to foster innovation, drive economic growth, and strengthen ties between the two nations.
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Karnataka to deepen collaboration with UK across AI, innovation, & skilling: Kharge - The Economic Times
Economic Times
·
1m ago
Medial
Karnataka aims to enhance collaboration with the UK in artificial intelligence, innovation, and skills development via the Global Innovation Alliance. State IT/BT Minister Priyank Kharge met with UK Minister Kanishka Narayan to discuss digital infrastructure, data governance, and startup ecosystems. Highlighting Bengaluru's tech leadership, Kharge proposed establishing a Karnataka-UK innovation bridge to foster startup and research collaborations, coworking spaces, and market support. This partnership aligns with the forthcoming India-UK Free Trade Agreement.
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