STPI Centres of Excellence (CoEs)
The Government of India has a special emphasis on start-ups & entrepreneurship. Accordingly, the Start-up India initiative was announced by Hon'ble Prime Minister, Shri Narendra Modi during his independence day address on 15th August 2015 from the Red Fort. Subsequently, the action plan was taken-up on 16th January 2016. This initiative is based on three pillars: Simplifications & Handholding, Funding Support & Incentives and Industry-Academia Partnership & Incubation centers. Inline with this vision, STPI has kick started the initiative of building a vibrant startup ecosystem in the form of STPI CoEs.
A CoE is a domain-specific specialized incubation facility for start-ups in the area of emerging technologies where the highest-standards and best-practices in terms of infrastructure, technology, leadership, mentoring, training, research & development, funding, networking for the given focus area is made available. STPI CoEs are building innovation driven emerging tech-startups ecosystem in collaborative manner pan India.
In order to build leadership and to build next wave of budding entrepreneurs in the emerging sectors of technology like Internet of things (IoT), Block Chain, FinTech, Artificial Intelligence (AI), Augmented & Virtual Reality (AR/VR), ESDM, Data Science & Analytics, Medical Electronics & Healthcare, Gaming & Animation, Machine Learning, Cyber Security etc., Government of India had announced setting up of CoEs by STPI in specific domains spread across India. STPI CoEs enable a 360 degree support ecosystem in the form of Infrastructure (Hardware & Software labs), Knowledge & handholding, Funding & Investment opportunities, Mentoring & Networking to nurture innovative start-ups in emerging technologies and make India a “Product Nation”.
Out of the 21+ New CoEs planned by STPI, 13 CoEs across emerging technologies are launched.
Typically, Objectives & Outcomes of a CoE are:
A CoE is facility where the highest standards and best practices in terms of infrastructure, technology, leadership, mentoring, training, research & development is made available for specific focus areas
Objectives & Outcomes
Deliver a vibrant platform & 360 degree
support to start-ups
Innovation, and knowledge
Build Leadership in Emerging Technologies
Help start-ups create world-class IT / EDSM products indigenously.
Generating direct & indirect employment
Various stages of in the lifecycle of a CoE and the incubated start-up
Spreading awareness about the CoE through various media & channels
Acceptance of Proposals
Selection on the basis of pre-defined criteria
Mentorship from eminent personalities from Academia and Industry to nurture the ideas
Evaluation of the POC
Market-connect and interaction with angel investors/VCs for funding
Collaborative ecosystem for Start-ups
MeitY, STPI, State Governments, other Govt Agencies
Domain & Technology Partners, Knowledge Partners, Industry Associations
Academic, Mentoring, Training Partners
Investment Funding Agencies, Venture Capitalists, Angel Investors