Startups to get funding and market linkages
The Department for Promotion of Industry and Internal Trade (DPIIT) and Mercedes-Benz India Private Limited have signed a Memorandum of Understanding (MoU) to support startups, innovators, and entrepreneurs in achieving technological excellence and fostering societal development.
The collaboration will focus on creating structured programs that provide startups with infrastructure, mentorship, funding opportunities, and market linkages. The initiative will also facilitate international collaborations and ensure knowledge exchange to drive long-term impact https://digitalinasia.com/.
Speaking on the occasion on 7 Mar, DPIIT Joint Secretary Sanjiv said the partnership with Mercedes-Benz India is a strategic step towards enhancing India’s manufacturing capabilities while promoting responsible and sustainable innovations. He emphasized that this collaboration would “strengthen industry-academia linkages and create an ecosystem that drives impactful technological advancements.”
Mercedes-Benz India MD Santosh Iyer expressed enthusiasm for the collaboration, stating that it aligns with the company’s focus areas of road safety, environmental sustainability, and advanced manufacturing https://www.commerce.gov.in/.
He highlighted that through corporate social responsibility (CSR) funding, Mercedes-Benz India will work closely with incubators and institutes to drive meaningful societal impact https://morth.nic.in/.
DPIIT Director Dr Sumeet Kumar Jarangal and Iyer signed a MoU for the collaboration in the presence of senior officials from both organizations. Fiinews.com
