Nasscom’s First IoT Focused CoE Inducts Five Startups

iot_coe_nasscomIndia’s premier IT body NASSCOM on Thursday opened the country’s first internet of things (IoT) centric center of excellence in Bangalore and five startups were inducted to the CoE who now will get all kind of support from this center of excellence.

The CoE for IoT is jointly set up by software industry grouping National Association of Software and Service Company (NASSCOM), Department of Electronics and Information Technology (DEITY) and Education and Research Network (ERNET).

“The growth of IT in the world has followed certain conventional patterns. I will be the happiest if your extraordinary potential propels products that truly become products and used across the world. Healthcare, education and agriculture should be the priority areas wherein give long benefits to people of India, ” said Ravi Shankar Prasad, Union Minister for IT and Electronics while inaugurating the CoE.

The startups that were selected are SAAR Microsystems, ThingsCloud, LightMetrics, Uncanny Vision and Wireless Controls. This CoE that was set up in Bangalore can host 40 startups.

“As per Gartner, IoT will produce economic benefit of nearly $2 trillion by 2020 and Cisco estimates it will be $14 trillion. Therefore even economically, IoT products are going to be very win-win,” said Mr Prasad.

He said besides the applications and other solutions, IoT should also be extensively used for cybersecurity and people should not be allowed to abuse the technology.

The CoE, in the initial phase, will work around 7 key areas – precision agriculture, healthcare, manufacturing, automobile, energy, water and smart, which encompasses everything smart including smart cities, smart metering, light etc.

“IoT is one of the high growth potential areas in the IT sector. With the growing number of IoT based startups in the Indian market, it becomes imperative to create an enabling ecosystem to help evolve this space, empowering companies to build technologies that provide global solutions,” said Ajay Kumar, additional secretary, Department of Electronics and Information Technology, (DeitY) who played a vital role in setting up the IoT center of excellence.

The IoT Center of Excellence will be based out of Bangalore and would provide facilities like incubation, prototype development, system integration and testing, indigenous technology and solutions; technology research and standardization; and skill development and employment to its users.

Besides, the center of excellence for IoT will also offer co-location space to startups in case they do not have their own office set up. It will also facilitate funding for the deserving startups at various stages. The CoE is in talks with multiple VCs and investors regarding the same.

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