The 25th edition of Bangalore Tech Summit (BTS) 2022 concluded last week. Here are some of the key takeaways.
Karnataka State, the country’s IT hub, is on a mission to foster faster and more inclusive growth in the IT and biotechnology (BT) sectors through investments and initiatives. Basavaraj S Bommai, the chief minister of Karnataka, has announced that six new cities will be established in Karnataka to ensure that the know-how of the technology and its services spreads to various parts of the state. Incoming cities were visualized as well planned with high tech facilities. Furthermore, newer cities could connect the dots in terms of connectivity and open up new prospects for employment. This in itself can contribute to the growth of the IT-BT sector, as well as encourage new start-ups.
One move in this direction is the announcement of a dedicated Startup Park. This multimodal park could help boost various parts of the startup ecosystem, from agritech to aeronautical technology. In addition, a City of Knowledge and Technology will be developed. Both projects will be established near Kempegowda International Airport.
It is no coincidence that Karnataka has become a forerunner in the IT-BT sector. Many initiatives have fostered the growth of the IT-BT sector: some of the milestones include a rather favorable Information Technology Policy 2020-25 and the Bengaluru Helix Biotechnology Park. The presence of K-Tech Innovation Hubs and Centers of Excellence (CoE) has opened channels for innovative thinking. Then there’s ARTPARK – the AI and Robotics Technology Park – which is the first of its kind in the country. These specialized dedicated spaces could unleash new ideas and encourage people to pursue unexplored landscapes. An interdisciplinary approach and intelligent and futuristic solutions could be some of the expected results from these hubs. Understandably, Karnataka has started to ramp up its activities. Dr CN Ashwath Narayan, Minister for Electronics, IT, BT and S&T, Higher Education; Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, indicated that the state government has set a target of achieving a $300 billion digital economy by 2025.
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology and Minister of State for Skills Development and Entrepreneurship, Government of India (GoI), announced that the Government of India has committed an investment of 30 billion dollars in electronics and semiconductors. Of this, $20 billion will be invested in electronic component manufacturing and design, and $10 billion in research and design in semiconductor manufacturing. Such investments can help transform India into a semiconductor manufacturing hub and strengthen its position in the electronics value chain. The increase in demand comes from electric vehicles (EV) and mobility, along with smartphones and next-generation high-tech devices. This could open up opportunities in manufacturing, packaging, testing and design.
Another highlight of BTS 2022 is that startups showcased some of their innovative products and solutions. They are multidisciplinary, diverse and industry agnostic ranging from IT/ITeS, Agricultural Technology, Medical Technology, Healthcare, Clean Technology, Artificial Intelligence (AI), Educational Technology, Blockchain, Internet of Things (IoT), Cyber Security, Design and production of electric vehicles and electronic systems. Products and solutions include electronic devices using AI and IoT for healthcare; EV charging; seamless billing solutions; solid waste management and wastewater treatment. The portfolio has also extended to apps to prevent fraudulent transactions, authenticate fabrics, real-time augmented and virtual reality (AR/VR) experience, and advanced technology-based platforms for quality assessment.
Here are some snapshots of some startups.
Faunatech Solutions works in the agri-tech space. Fauna, its offering, is a smartphone-based portable diagnostic platform. Livestock health monitoring is critical to agricultural produce, and Fauna may be up to the task. It is used for the early diagnosis of critical diseases as well as for screening milk quality at farm level and for reducing the use of antibiotics.
Eye-catching designs through one-of-a-kind templates aren’t everyone’s strong point, and ads and banners can sometimes be weighed down by these challenges. Sivi.AI understood this. The startup uses AI to transform ideas and text into visual designs for campaigns, Google display ads, social posts and website content. These are editable designs.
Drona Automations has decided to work in the clean-tech segment. He set his sights on tackling problems straight from wastewater to space. It may seem like a daunting task, but the company has taken on this task by providing customized robots. For example, its Horizontal Sewer Pipe Cleaning Robot (HSPCR-1) can travel inside pipes ranging in size from 3 inches to 5 inches and clean them. This robot can also be used for descaling, sludge removal and inspection of sewer pipes.
Small businesses have great difficulty when it comes to completing the formalities before being able to venture into the market. Bohni Tech Pvt Ltd has entered this arena. Although it falls under the IT-ITes sector, it is relatively unexplored. The Boni app makes it easy for businesses like street vendors to register; they can add their products and services and start receiving orders from customers as well as better present themselves to customers.
Perceived Design Pvt Ltd has found its calling in the edu-tech segment. The focus is on real-time experience, which is believed to bridge the gap between what the teacher communicates and what a student perceives. This vision led the company to arrive at proprietary XR Technologies and Design Vision. Its offering, perceiv.io (3D-AR-VR), allows teachers to create XR content, XR lessons, and XR assessments in just a few clicks.
The state has nurtured many of these startups through supporting incubators such as K-tech Innovation Hubs, CoEs, and Technology Business Incubators (TBI). Some of them are also recipients of the government’s Idea2 PoC (Proof of Concept) ELEVATE Grant-in-aid seed-funding program for startups.
Prime Minister Narendra Modi virtually inaugurated the 25th Bangalore Technology Summit (BTS 2022). The event was organized by the Department of Electronics, IT, BT, S&T, Government of Karnataka.
Sign up for E&T News email to get great stories like this delivered to your inbox every day.
#View #India #Initiatives #accelerate #growth #Karnatakas #ITBT #sector