Infineon and NSRCEL will work on joint innovation projects in artificial intelligence and software development, and support tech start-ups through mentorship programmes
The India unit of Infineon has signed a memorandum of understanding (MoU) with NSRCEL, a start-up incubator and entrepreneurship hub at IIM-Bangalore, to boost artificial intelligence (AI) and software development ecosystem in India. The two entities will also mentor technology start-ups in India.
Support to AI and software development
Under the collaboration, Infineon will share problem statements and NSRCEL at IIM-B will introduce Infineon to its developer community to foster joint innovation projects in Artificial Intelligence and Software Development.
The partnership will enable Infineon to offer dedicated training, lab facilities and support relevant start-ups from NSRCEL with product samples and development kits. Additionally, the Germany-based semiconductor manufacturer has agreed to provide its technical subject matter experts, as mentors. The MoU also includes the introduction of the start-ups to Infineon’s customers to explore collaboration or business potential.
Professor G Raghuram, Director, IIM Bangalore, said that the partnership would be operationalised through NSRCEL with support from NITI Aayog’s Atal Innovation Mission.
Scope of AI
Infineon Technologies CEO Dr Reinhard Ploss views AI as a huge business opportunity. He said, “We want to accelerate the way we learn about AI 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 start-ups in this field.”
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. Earlier this month Mphasis partnered with NSRCEL at IIM-B as part of its Social Venture Incubation Program, to support early-stage social ventures by incubating and supporting ‘for profit’ social ventures that comprises start-ups that have been in operation for one to three years.
