Infineon and NSRCEL at Indian Institute of Management Bangalore have signed a memorandum of understanding (MoU) to strengthen Artificial Intelligence and Software Development ecosystem in India by mentoring and nurturing the early and growth stage startups.
Under the collaboration, Infineon will share problem statements and NSRCEL at IIMB will introduce Infineon to the developer community of NSRCEL to foster joint innovation projects in Artificial Intelligence and Software Development.
The partnership enables Infineon to offer dedicated training, lab facilities and support strategically relevant startups from NSRCEL with product samples and development kits. Furthermore, Infineon has agreed to provide its technical subject matter experts, as mentors.
The partnership also includes the introduction of the startups to Infineon’s customers to explore collaboration or business potential and Infineon’s participation in NSRCEL events as a speaker or panelist.
Professor G Raghuram, Director, IIM Bangalore, said, “IIMB is very happy to partner with Infineon, a leading technology company from Germany, in supporting startups. This partnership will be operationalized through NSRCEL, the innovation and entrepreneurial hub of IIMB, and with support from NITI Aayog’s Atal Innovation Mission. NSRCEL will now be able to offer incubation to startups in deep dive technology in a meaningful way.”