Will set-up Smart City Accelerator and Innovation Centers in India
NEW DELHI, AUGUST 2
The Centre’s 100 smart cities initiative has opened the doors for tech start-ups. Seizing the opportunity, the University of California, Berkeley, has collaborated with technology company Quantela and Invest India to set up a smart city accelerators and innovation centres in India.
The partnership will help technologically-driven Indian start-ups in areas such as smart mobility and smart power, which are important for smart cities, said Deepak Bagla, MD and CEO-Invest India.
“Start-up India Hub, with its pan-India membership, is likely to help entrepreneurs in not only the metros, but tier-II and tier-III cities too,” added Bagla.
Access to IoT
The aim of the collaboration is to address the challenges faced by corporates, governments and start-ups.
Sridhar Gadhi, Founder and CEO, Quantela, said: “Our aim is to create a start-up ecosystem focussed on creating solutions to curb growing urban challenges. Quantela will provide access to the world- leading IoT platform to students, start-ups, entrepreneurs, and corporates to join and innovate on this platform.”
The accelerator will teach selected start-ups to identify business opportunities (real problems that require real solutions), validate product ideas through investment-readiness levels, engage with potential customers, build scalable business models, and manage team dynamics.
On the other hand, the innovation centre will help build an ecosystem of smart city partners integrated on a single platform.
Source from : https://www.thehindubusinessline.com/news/berkeley-ties-up-with-quantela-invest-india-to-set-up-smart-city-accelerator/article24584684.ece