Bengaluru, 14 December 2024: The Software Technology Parks of India (STPI) proudly co-hosted the prestigious 9th edition of the TiE Global Summit 2024, held from December 9–11 in Bengaluru and December 12 in Mysuru. Organized by TiE Bangalore, this year’s summit, themed “Let’s Celebrate Entrepreneurship”, brought together global leaders, innovators, and entrepreneurs to champion the spirit of entrepreneurship and further bolster India’s thriving tech startup ecosystem.

The summit featured the TiE Antar Prerana Leadership Summit as its opening act, followed by impactful sessions with esteemed dignitaries and a vibrant display of pioneering innovations from India’s emerging startups. Over 100 trailblazing startups showcased their cutting-edge innovations at the STPI Sayuj Pavilion, inaugurated by Shri. Arvind Kumar, Director General, STPI, highlights the evolving technological landscape across sectors such as AI, agriculture, IoT, and energy management.

Shaping the Future of Entrepreneurship

During a power-packed session titled “Igniting the Entrepreneurial Spirit,” Shri. Arvind Kumar emphasized the transformative role of startups emerging from Tier-II and Tier-III cities, which now represent over 50% of India’s startup ecosystem. He also noted the increasing leadership of women entrepreneurs in this space and advocated for establishing entrepreneurship schools in rural areas to democratize innovation.

Shri. Kumar further highlighted the expansion of startups into deep-tech domains like AI, edge computing, and ESDM, reiterating STPI’s commitment to fostering innovation through its extensive network of 65 centres (57 in smaller cities) and 24 Centres of Entrepreneurship (CoEs).

Strategic Partnerships Driving Innovation

A key milestone of the summit was the signing of Memorandums of Understanding (MoUs) between STPI CoE in Efficiency Augmentation and leading industry players, including:

• Intel Technology India Pvt. Ltd.
• Bosch Global Software Technologies Pvt. Ltd.
• Schneider Electric India Pvt. Ltd.
• Global IEEE Institute for Engineers (GIEEE)

These partnerships aim to harness expertise in cutting-edge technologies such as AI, IoT, edge computing, energy management, and automation. The collaborations are set to empower startups with resources, mentorship, and technical support, driving innovation and fostering entrepreneurship across the nation.

Unveiling STPI SAYUJ

The STPI SAYUJ platform, a first-of-its-kind networking and resource discovery tool for startups, was a focal point of the summit. Shri. Arvind Kumar engaged with SAYUJ startups, offering mentorship and strategic guidance to foster scalability and innovation. He encouraged startups to adopt a “Just Do It” mindset, emphasizing consumer-centric innovation and the potential for leveraging Indian capital to fund local ventures.

A Vision for India’s Tech and Electronics Ecosystem

In a fireside chat, Shri. Arvind Kumar outlined STPI’s ambitious vision for expanding India’s electronics sector to USD 300 billion by 2026. He underscored the pivotal role of startups in achieving this target and the importance of collaboration between academia, industry, and government.

Celebrating Entrepreneurship and Collaboration

The TiE Global Summit 2024, with its stellar sessions, transformative discussions, and groundbreaking MoUs, stands as a beacon of collaboration and innovation. By bringing together industry leaders, entrepreneurs, and innovators, the summit demonstrated India’s burgeoning potential as a global leader in technology and innovation.

STPI’s leadership and initiatives, showcased through the SAYUJ Pavilion and strategic partnerships, continue to strengthen India’s position on the global stage. As the summit concludes, it marks another milestone in STPI’s mission to empower Indian startups and create a robust, inclusive, and innovation-driven economy.

Also Read | STPI Co-hosts Bengaluru Tech Summit 2024, Celebrates IT Excellence with Export Awards and Showcases 60 SAYUJ Startups

About STPI and SAYUJ:

The Software Technology Parks of India (STPI), under the Ministry of Electronics and Information Technology, drives software exports, fosters the tech startup ecosystem, and promotes IT/ITES industry growth across India. Through initiatives like the Next Generation Incubation Scheme (NGIS), domain-specific Centres of Entrepreneurship, and SAYUJ, a dynamic networking platform connecting startups with investors, incubators, and mentors, STPI provides comprehensive support to innovators.

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