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IT services exports from STPI-registered units have crossed Rs 9 lakh crore in the 2024 financial year, a senior official said on Wednesday. While speaking at the 33rd Foundation Day of Software Technology Parks of India, Director General Arvind Gupta announced an initiative towards developing India's sovereign cloud journey under the brand name 'Ananta', which will be a hyperscale cloud made by Indians for Indians. Apart from the conventional Compute Infrastructure Services (IAAS), Ananta will also offer PAAS, SAAS and GPU-based services. "STPI has played a very crucial and important role for nurturing the IT industry so that it could have reached this stage. The exports from STPI registered units have also reached Rs 9.19 lakh crore," Gupta said. The STPI registered units in the first year of its establishment in 1991 reported exports of Rs 17 crore. STPI at the event signed a memorandum of understanding with Sabudh Foundation for creating skill-development initiatives and nurtu
State-owned STPI has started inviting applications from startups under its Leap programme to fund entrepreneurs in collaboration with venture capitalists and other private investors, a senior official of the organisation said on Monday. Software Technology Parks of India (STPI) will select 75 startups under the programme this year and facilitate funding of up to Rs 1 crore in each startup in collaboration with venture capital firms and angel investors. "We have already invested Rs 25 lakh through NGIS. We have already made investment in about 100 startups from the total fund that we have. Through Leap we are looking to nurture the next 100 startups," STPI Director General Arvind Kumar said. He said that the Leap (Launchpad for Tech Entrepreneurs towards Accelerated growth and Pioneering Ahead) will be organised at places closer to startups in cities like Bhubaneswar, Chandigarh, Vijayawada with an idea that they should not be required to leave their city for growing their ...
State-run Software Technology Parks of India has set-up an incubation facility at its Gurugram campus with a target to incubate 100 startups in five years, an official statement said on Friday. The incubation facility of Apiary Center of Entrepreneurship (CoE) at STPI-Gurugram was set up in collaboration with MeitY, STPI, Haryana government, Padup Ventures, IBM, Intel, GBA and FITT. "Apiary is one of the CoEs of STPI which is focused on Blockchain Technology. It targets to incubate an overall 100 startups in a period of five years," the statement said. The incubation facility was inaugurated by Electronics and Information Technology Secretary S Krishnan. "Meeting the young entrepreneurs was quite an enriching experience. The way these entrepreneurs have addressed real-world problems using cutting-edge technology is really commendable. "In the last three decades, the way we have used technology is the key benchmark for our country's exponential growth," Krishnan said. The CoE has