Center of Excellence

STPIs Centres of Excellence (CoE)

A Centre of Excellence (CoE) is a domain-specific specialized incubation facility for start-ups in the area of emerging technologies where the highest-standards and best-practices in terms of infrastructure, technology, leadership, mentoring, training, research & development, funding, networking for the given focus area is made available.

The Government of India has a special emphasis on start-ups & entrepreneurship. Accordingly, the Start-up India initiative was announced by Hon'ble Prime Minister, Shri Narendra Modi during his independence day address on 15th August 2015 from the Red Fort. Subsequently, the action plan was taken-up on 16th January 2016. This initiative is based on three pillars: Simplifications & Handholding, Funding Support & Incentives and Industry-Academia Partnership & Incubation centers.

In order to build leadership and to build next wave of budding entrepreneurs in the emerging sectors of technology like Internet of things (IoT), Block Chain, FinTech, Artificial Intelligence (AI), Augmented & Virtual Reality (AR/VR), ESDM, Data Science & Analytics, Medical Electronics & Healthcare, Gaming & Animation, Machine Learning, Cyber Security etc., Government of India recently made announcement for setting up of CoEs by STPI in specific domains spread across India. For each kind of CoE, incubation space having specific characterization and best suited for different domain of emerging technology as said above shall be developed by STPI.

The CoEs STPI IoT OpenLab at Bengaluru, Electropreneur Park ESDM Incubation Centre at Bhubaneshwar and FinTech at Chennai are approved by MeitY

The typical objectives & Outcomes of a CoE are as follows

A Center of Excellence (CoE) is facility where the highest standars and best practices in terms of infrastructure, technology, leadership, mentoring, training, research & development for specific focus areas is made available

Object & Outcomes

CoE

  • Develop in one-stop vibrant platform & ecosystem for 3600 support to start-ups

  • Fostering Entrepreneurship, Entrepreneurship, Innovation, IPR and knowledge creating across domains

  • Building Leadership in
    Emerging Technologies

  • Creating world-class IT / EDSM products Idenginously

  • Generating direct &
    indirect Employment

Various stages of in the lifecycle of a CoE and the incubated start-up

  • Awareness of the initiative through various media

  • Acceptance of Proposals

  • Selection on the Basis of fixed criteria

  • Academia and Industry association to impart effective mentorship to the incubatee to nurture their ideas

  • Evaluation of the develop POC

  • Product development and Capacity Building

  • Connect to the market & establish interaction with angel investors/VCs funding

The collaborative ecosystem for Start-ups

CoE Stakeholders

Collaborative Support Ecosystem for Startup through Centers of Excellence

  • Government

    Meity, STPI & State Governments

  • Industry

    Knowledge, Domain,Technology Partners

  • Academia

    Academic, Mentoring, Training Partners

  • Investors

    Investment, Funding, Financing Partners

More stakeholders shall be roped in as and when required

Back to Top