IIIT-B Innovation Centre and BCIC Host a Landmark MSME-Startup Interaction in Collaboration with PIA

Press Release

IIIT-B Innovation Centre and BCIC Host a Landmark MSME-Startup Interaction in Collaboration with PIA

Bengaluru: On December 11, IIIT-B Innovation Centre, in partnership with the Peenya Industrial Association (PIA) and the Bangalore Chamber of Industry and Commerce (BCIC), organized a transformative MSME-Startup interaction as part of the Smart Manufacturing & Industry 4.0 Acceleration Program. The event, held at the PIA premises, brought together an esteemed panel including:

Mr. Devarajan, Senior Vice President, TVS

Mr. Shivkumar, President, PIA

Dr. Lakshmi Jagannathan, CEO, IIIT-B Innovation Centre

Dr. Balasubramanyam, Former President, PIA

The interaction provided opportunity for startups to pitch their innovative solutions to MSMEs and the PIA leadership. This initiative aims to foster collaboration and unlock the untapped synergies between startups and MSMEs. Startups often bring cutting-edge technology, innovation, and agility, which can greatly benefit MSMEs by enhancing their productivity, competitiveness, and access to advanced tools.

Mr. Devarajan highlighted the immense potential of bridging startups and MSMEs, emphasizing the untapped opportunities for mutual growth and innovation. Dr. Lakshmi Jagannathan expressed optimism about the future, stating, "This initiative marks the beginning of a transformative journey for startups and MSMEs. The collaboration has the potential to create groundbreaking solutions and foster a vibrant ecosystem for mutual growth." Mr. Shivakumar, President of PIA, expressed strong support for this initiative, affirming, “PIA welcomes startups with open arms to collaborate, bring value, and create a dynamic ecosystem that benefits all stakeholders."

The IIIT-B Innovation Centre remains committed to bridging gaps between startups and MSMEs, fostering a symbiotic relationship to build a sustainable and innovation-driven ecosystem.

About IIIT-B Innovation Centre

The IIIT-B Innovation Center, based at the International Institute of Information Technology Bangalore (IIIT-B), is a dynamic hub for fostering innovation, entrepreneurship, and cutting-edge research dedicated to bridging the gap between academia and industry, the center serves as a vital platform for transforming academic insights into practical, real-world solutions.

As a not-for-profit Section 8 company hosted by IIIT-Bangalore, the Innovation Center offers state-of-the-art incubation facilities, advanced labs, and access to expert mentorship. It supports projects across various domains, including artificial intelligence, data science, Internet of Things (IoT), and digital health. Having supported over 100 startups, the center plays a pivotal role in nurturing emerging talent and driving technological advancements, positioning itself as a key enabler of innovation and collaboration in India's tech ecosystem.

About IIIT-Bangalore

IIIT-Bangalore is a premier institute dedicated to undergraduate and postgraduate programs specializing in Computer Science and Engineering (CSE), Electronics and Communication Engineering (ECE), Data Science and Artificial Intelligence (DSAI), IT for Society, and broader fields of IT and research. Situated in the heart of Electronic City, Bengalru, it holds a prominent position in the academic landscape. IIIT-Bangalore is graded A+ by National Assessment and Accreditation Council (NAAC). IIIT-Bangalore secured the 74th position in the National Institutional Ranking Framework (NIRF) rankings for the second consecutive year, 2024 reflecting its commitment to academic excellence. The institute was ranked number 9 among India's Best Technical Universities (Private) by India Today. IIIT-Bangalore contains state-of-the-art infrastructure, eminently qualified faculty, a vibrant alumni community, cutting-edge research facilities, and close industry collaborations.

The institute’s specially designed courses make the students’ cognizant of the current technologies. Experiential learning and practices followed in the institute equip them with the tools and knowledge to solve contemporary real problems. IIIT-Bangalore has consistently achieved excellent placement records every year since its establishment in 1998, thanks to the unwavering support of the industry and the expanding pool of highly skilled alumni.

 For more information about IIIT-Bangalore, please visit www.iiitb.ac.in.