India Electronics and Semiconductor Association (IESA) has tied up with The Indus Entrepreneurs (TiE) and Telecom Sector Skill Council for setting up a Center of Excellence (CoE) for IoT in Bangalore, reports the Economic Times.
The MoU was signed during the IoT Next event in Bangalore, and the Center is expected to coach Indian startups with building skill and develop and train blue collared workers in the IoT field. TiE has also tied up with HAX, a China-based hardware startup accelerator to collaborate for market assessment and technology assimilation in IoT, as well as selecting the startups for the program.
Other than this, TiE-IESA also launched an IoT startup directory – a list of startups working in the IoT sector from across the country. The directory will be online and provide information on the products and services offered by listed startups. As of now, the IoT Next event claims to have mentored around 16 startups since inception.
With IoT expected to be one of the fastest growing sectors in the future, investors have been pushing various incubators and accelerators for startups in the sector in recent times. In September, Z Nation Lab launched an IoT incubation and accelerator programme in Mumbai, while earlier this year, HCL Technologies entered into a partnership with Microsoft to launch an incubation centre for Internet of Things in Redmond.
In 2015, Flexeye had also launched HyperCat, an accelerator and incubator centre for Internet of Things (IoT) startups in Hyderabad and Intel India launched ‘Intel India Maker Lab’— a platform for entrepreneurs and innovators to ‘accelerate product innovation’ in Internet of Things (IoT), the same year.