Soon Visakhapatnam to get IoT CoE to boost start-up ecosystem

IOT

The port city of Visakhapatnam has always been at the forefront towards implementing smart city-related solutions. In another step forward, the city will soon have a Center of Excellence (CoE) for Internet of Things (IoT).

The proposed CoE on IoT in Vizag will have an incubation centre with 20 to 25 start-ups and a laboratory. It will extend help start-ups in their projects. The facility will help young start-ups work on their ideas and take it to fruition. Creation of right ambiance, laboratory and having experts will be the game changer for the industry and the economy too.

The Centre has earmarked Rs 66 crore for the three proposed CoEs and the approximate allocation for the Vizag centre would be around Rs 22 crore. The government will provide 10,000 sq ft site for the CoE project and plans are afoot to have collaborations with industries, PSUs and colleges for the infrastructure.

“Earlier, CoEs for IoT have already been set up in Bengaluru, and such centres would come up in Vizag, Gandhi Nagar and Gurgaon in the next phase,” said B Krishna Murthy, Senior Director in the Union Ministry of Electronics and IT, during the sidelines of the IMPACT-2018  exhibition.

The first CoE, initiated by the Nasscom in association with the Union Ministry of Electronics & Information Technology (MeitY), was launched in Bengaluru in 2016, under PPP mode. After the Centre was successful in making several start-ups to set up their own firms, the government has proposed the similar centers in Vizag, Gandhi Nagar and Gurgaon.