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The NASSCOM Centre of Excellence for Internet of Things (IoT) and Artificial Intelligence (AI) is a pioneering initiative by the Government of India, launched in collaboration with the National Association of Software and Service Companies (NASSCOM). It aims to establish India as a global leader in the emerging technologies of IoT and AI by creating an ecosystem that fosters innovation, entrepreneurship, and skill development in these domains. Launched by the Hon’ble Prime Minister of India on 1st July 2015 as part of the Digital India initiative, the Centre of Excellence (CoE) is strategically located in Bengaluru, one of the country’s foremost technology hubs. This initiative was approved in June 2015 with an outlay of ₹2195.22 lakh and is executed in a Public-Private Partnership (PPP) mode by ERNET India and NASSCOM. The CoE is designed to support India’s growing IoT and AI sectors by providing a platform for innovation, product development, standardization, and commercialization. It caters to the specific needs of the Indian market in areas such as smart cities, health, agriculture, energy, and more while also contributing to global technology standards and solutions.
The NASSCOM Centre of Excellence for the Internet of Things (IoT) and Artificial Intelligence (AI) program have commenced operations from 2020-21 onwards. This could be due to a variety of factors, such as the time required for set-up, initial challenges, or perhaps a shift in focus or reporting methods. From 2020-21, there has been consistent and significant growth across all measured parameters. The number of start-ups enrolled in the program has more than doubled from 178 in 2020-21 to 432 in 2023-24. This steady increase suggests growing interest and participation from the start-up community in the IoT and AI sectors. The funds raised by these start-ups have shown remarkable growth, increasing from Rs. 230 crore in 2020-21 to Rs. 1,705 crore in 2023-24 – a more than sevenfold increase. This substantial rise in funding indicates growing investor confidence in these start-ups and the potential of the IoT and AI sectors in India. Intellectual Property (IP) filings by start-ups have also seen consistent growth, rising from 49 in 2020-21 to 106 in 2023-24. This increase in IP filings suggests that the program is successfully fostering innovation and the development of proprietary technologies among participating start-ups. Industry engagements by the CoE have shown the most dramatic increase, growing from 72 in 2020-21 to 500 in 2023-24 – nearly a sevenfold increase. This rapid growth in industry engagements indicates the CoE’s increasing ability to bridge the gap between start-ups and established industries, potentially facilitating knowledge transfer, partnerships, and market access. Interestingly, the deployment of start-up solutions through the CoE only began in 2023-24, with 67 solutions deployed. This new metric suggests that the program has reached a maturity level where it can now facilitate the practical implementation of innovations developed by its enrolled start-ups.
In conclusion, the NASSCOM Centre of Excellence for IoT and AI appears to be playing a significant role in fostering innovation and entrepreneurship in these crucial technology sectors in India. The program’s success in facilitating funding, IP creation, industry engagement, and solution deployment suggests it is contributing meaningfully to India’s technological ecosystem and potentially to its broader economic development in the digital age.
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