Infineon to assist in capability building at MSH startups
An India-German collaboration aims to foster the development of incubation centres, Centres of Excellences (CoEs) and start-ups in India particularly in the field of Electronics and IT under a MoU signed by Frankfurt-listed Infineon Technologies AG with MeitY Startup Hub (MSH).
The collaboration of MSH and Infineon shall assist in “capability building” of the MSH startups by providing them access to new products and solutions, development trends, network base, mentorship and technical guidance with a goal to strengthen the local competence of the startups, Infineon Technologies India said in a release on 24 Sept 2021.
The joint efforts focus on creating a vibrant start-up ecosystem in India by creating a strong economy built on the twin engines of innovation and technological advancement thus promoting the growth and sustainability of start-ups in the country.
Infineon Technologies is a renowned semiconductor company and counted amongst the top 10 semiconductor company globally. In India, Infineon has wide presence and outreach with large R&D and Sales teams developing leading edge semiconductors and software for Automotive, Power, IoT & Security markets and providing sales and technical support to local customers.
“By supporting MSH initiatives, we aim to empower more start-ups and incubators to lead in technology building and local manufacturing, providing a boost to country-wide innovation and ecosystem development,” Infineon Technologies India Managing Director Vinay Shenoy said.
MSH CEO Jitendra Vijavargiya, welcoming the partnership, remarked, “MSH collaboration with Infineon providing startup offerings, domain expertise, multitude of resources and network opportunities is assured to benefit the startup ecosystem by facilitating technology progression and innovation diffusion in manufacturing and hardware sector.”
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. In the 2020 fiscal year (ending 30 September), Infineon reported revenue of more than Euro8.5 billion with a workforce of some 46,700 people worldwide. Following the acquisition of the US Company Cypress Semiconductor Corporation in April 2020, Infineon is now a global top 10 semiconductor company.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). #technology #investment #startup /fiinews.com
