Business Wire India Infineon and NSRCEL at Indian Institute of Management Bangalore have signed a memorandum of
understanding (MoU) to strengthen
Artificial Intelligence
and Software Development ecosystem
in India by mentoring and nurturing
the early
and growth stage startups.
Under the collaboration, Infineon
will share problem statements
and NSRCEL at IIMB will introduce Infineon to the developer community of NSRCEL to foster
joint innovation projects
in Artificial Intelligence
and Software Development.
The partnership enables Infineon to offer
dedicated training,
lab facilities
and support strategically relevant startups
from NSRCEL with product samples
and development kits. Furthermore, Infineon
has agreed to provide
its technical subject matter experts,
as mentors.
The partnership also includes introduction of the startups to Infineon’s customers to explore collaboration or business potential and
Infineon’s participation
in NSRCEL events as a speaker or panelist.
Professor G Raghuram, Director, IIM Bangalore, said:
“IIMB is very happy to partner
with Infineon, a
leading technology company from
Germany, in supporting startups. This
partnership will be operationalized through NSRCEL, the
innovation and entrepreneurial
hub of
IIMB, and with support from NITI
Aayog’s Atal
Innovation Mission. NSRCEL will now be able to offer incubation to startups
in deep
dive technology
in a meaningful
way.”
“Artificial Intelligence unleashes enormous
innovation potential
in our industry and offers great business opportunities,”
said Dr. Reinhard Ploss,
CEO of Infineon Technologies
AG. “We see increasing demand for
our energy-efficient power
and IT-security solutions,
which are a prerequisite for developing
A.I. In addition,
A.I. opens up a vast array of
possible applications for the Internet of
Things and Smart
Mobility.” Reinhard Ploss added:
“We want to accelerate the
way we learn about A.I. and identify use cases early on.
By working
together with NSRCEL and IIM Bangalore, we aim to
join forces
with India’s innovative entrepreneurs
and startups
in this field.”
NSRCEL, the center for innovation and entrepreneurship at IIMB,
is supported, among others,
by the
Atal Innovation Mission (AIM) of NITI
Aayog. Infineon had signed a Statement of
Intent with NITI Aayog earlier
this year to support the Atal
Innovation Mission. NSRCEL
also supports academic research to promote a better understanding of
the entrepreneurial context
and entrepreneurial
strategies in the Indian
context.
Source: Businesswire