The Bangalore chapter of The Indus Entreprenuers (TiE) and electronics trade body IESA have come together to mentor start-ups in IoT (Internet of Things) space in addition to building critical frameworks in the field, as reported by Economic Times.
The internet-of-things domain, where all devices are connected and talk to one another, is a confluence of hardware, software and other new technologies like 3D printing. And for Indian entrepreneurs interested in the space, large pieces of the puzzle, like manufacturing, and communication standards are still missing.
"This will not be a MoU just on paper. In six months, you will see a lot of results,"said M N Vidyashankar, president of India Electronics & Semiconductor Association.
The involvement of IESA will take the IoT story from an idea to a prototype stage. The two entities said they would work towards bringing protocols allowing diverse devices to talk to one another, provide testing facilities to ensure that the products are robust, among other things.
"We are looking to support 30-50 start-ups and generate some success stories along the way," said Naganand Doraswamy, President, TiE-Bangalore who added that the focus areas will be energy management, public health, and logistics.