Objective : The objective of setting up IoT OpenLab is to create a technology platform for enabling innovative start-ups to develop IoT based applications, products & solutions which will address not just domestic needs but have a global perspective also.
Focus Areas : Industrial IoT, Automotive, Wearables, EduTech, AgriTech, NanoTech, Mobility & Home Automation, and Smart City
Location : Bengaluru, the IT Hub & "Silicon Valley" of India is the chosen location for the proposed IoT OpenLab due to its vibrant start-up ecosystem and entrepreneurship zeal.
Partners : Partners include STPI, MeitY, Arrow Electronics and others. Additional partners like IESA & TiE shall provide networking opportunities to the startups; Academic partners like PES institute and RVCE Bengaluru shall provide academic expertise; and Funding partners like Forum Synergy & Cyber Media shall provide funding support & assistance.
Target Beneficiaries: It is targeted to support & nurture around 100 startups (physical & virtual) per year over a period of five years.
Duration: The CoE is proposed to be operational for five years from the date of its launch.
Budget & Source of Funding: The overall budget of this project is Rs. 11.47 crore over a period of five years in which MeitY’s contribution to be released as grant-in aid Rs. 1 crore, contribution of STPI is Rs. 3.52 crore and contribution of Arrow Electronics to be Rs. 6.95 crore.
Chief Mentor: Sh. Sanjeev Keskar, Chief Executive Officer at Arvind Consultancy will be the Chief Mentor of this lab.
No. of Mentors: Various from Govt, Industry & Academia
Achievements: 60 startups onboarded
For more details go to below link:
Chief Executive Officer at Arvind Consultancy
Director, STPI - Bengaluru
The objective of setting up IoT OpenLab is to create a technology platform for enabling innovative start-ups to develop IoT based applications, products & solutions which will address not just domestic needs but have a global perspective also.