- All India Council for robotics & automation to set up the Center of excellence for AI in the city and with a corpus fund of 100 Cr for promoting new-age startups
- More than 100 startups exhibited transformative technologies and solutions for a better future
National/Bengaluru, 8th June 2022:
Aiming to boost sustainable startup culture in the country,India’s largest startup event “India First Tech startup conclave & awards 2022” commenced today in Banglore. The two days event supported by the Ministry of Information and Technology, Government of India was inaugurated by Hon’ble Chief Minister / Minister of IT & education, Govt of Karnataka Dr Ashwath Narayan.
Organized by All India Council for Robotics & Automation (AICRA) under the India startup mission IFTSC witnessed the presence of ISRO Chairman S. Somanath, Shi Rajesh Pathak (Sec. technology Development, GOI), Senior government officials of various states, more than hundred Investors and Venture Capitalists and technology startups from many states like Uttar Pradesh, Kerala, Chhattisgarh, Odisha etc.
The Bengaluru chapter highlighted the latest transformative technologies in the tech startup ecosystem, such as Artificial intelligence, Machine learning, Drone technologies as well as several new categories. IFTSC envisions promoting technology startups to find a space for themselves and creating beneficial partnerships with industry giants and technology behemoths. It provides strategic platform for newbies to meet and connect with business leaders and policymakers to accelerate their start-up’s growth in the right direction.
Addressing the inaugural session, Dr Ashwath Narayan said “The government of India has launched a series of initiatives and schemes for the start-up sector to grow and sustain. The state government of Karnataka has also launched various initiatives to complement the central government policies. All the stakeholders must come together to take full advantage of these programs. Karnataka has always been at the forefront of creating supportive policies for businesses, innovators, and start-ups. Today 55% of the total value of start-ups in India is from Bengaluru. Karnataka was also the first to adopt the New Education policy as the state firmly believes that skilled manpower is the most important resource for creating a future of growth and sustainability. Events like IFTSC help bring all the stakeholders on one platform and foster healthy competition and cooperation.”
Mr. Rajkumar Sharma, President at AICRA said “IFTSC 2022 aims at accelerating technological innovations in the tech startup ecosystem of our country. These transformative technologies will reshape the sector and will provide solutions for all the current challenges. We are developing the Center of excellence for artificial intelligence in the city of Bengaluru and also building a fund corpus of 100 Cr for promoting new-age startups in the country which will ensure sustainability in the startup ecosystem.
The keynote stage of the event witnessed discussions on building a startup ecosystem by understanding the state’s vision of technologies and current challenges for startups in India. The session included representatives from different states. The event also addressed the Technology Innovations and their integration across Industries by some honorable speakers sharing their views.
The IFTSC Bengaluru chapter will help the startups to find the right opportunities, collaborate, forge partnerships, make deals and grow in their businesses. The event provides everything that startups need to find a space in the ever-growing market and redefine the future.
