Home Business framework Karnataka signs MoAs worth 100.52 crore rupees to promote tech

Karnataka signs MoAs worth 100.52 crore rupees to promote tech


To facilitate the growth of emerging technologies in the state, the government of Karnataka signed 3 MoA (Memorandum of Associations) worth Rs 100.52 crores.

During an event “Azadi ka Amrit Mahotsav – Innovation and Indigenization in Karnataka – a gateway for inclusive and equitable growth” jointly organized by Karnataka and DPIIT aligning with the central government initiative “Azadi ka Amrit Mahotsav” , MoA were signed Friday in the presence of CN Ashwath Narayan, Minister of Electronics, Informatics / BT and Science and Technology of Karnataka.

Speaking on the occasion, Narayan said: “The center of excellence that will be set up under these MoAs aims to encourage and help researchers, academics, startups and industry to develop a framework technology that characterizes ethical linkages and enables responsible deployment of AI and IOT across Agriculture, Healthcare, Manufacturing, Smart Cities and Education. “

The first MoA, signed between the Department of Electronics, Computing, BT and S&T, GoK, and Software Technology Parks of India (STPI) aims to establish a center of excellence for increasing the efficiency in Bangalore. The Center will support start-ups that would create products and solutions leveraging emerging technologies such as AI, ML, BigData, IoT, among others, to contribute to “Make in India” and “Digital India” “, did he declare.

Another MoA, tripartite agreement between Karnataka Innovation and Technology Society (KITS) GoK, I-Hub ARTPark, explained Narayan, aims to help create and maintain next-generation artificial intelligence, robotics and facilities communication skills (5G) and to help promote “techno-entrepreneurship” activities.

He added that the government will provide financial assistance of Rs 60 crore for the establishment of the Center of Excellence and its operations for a period of 5 years.

The third MoA is linked to the creation of the Center for Internet of Ethical Things (CIET) in Bengaluru at a cost of Rs 22.92 crores for which KITS (Karnataka Innovative & Technological Society of IT / Bt Dept), IIIT-Bangalore and World Economic Forum (WEF) signed.

The proposed center will contribute to policy frameworks relating to ethical and moral aspects of technologies and aims to foster a thriving innovation ecosystem in the state.


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(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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