Infosys is setting aside a 500 million dollar fund for the benefit of start-ups, the company’s Investment Director Uday Disley said Wednesday.
Speaking on the second day of Bangalore ITE.biz, Uday said, “One half of this funding has been earmarked for India-based startups while the other half will go toward global startups.”
V. Manjula, Principal Secretary, Department of IT, BT and S&T Government of Karnataka noted that India’s manufacturing sector requires skill development as the sector is now set for boost with large FDI inflow.
Manjula also drew attention to the fact that capacity and quality concerns continue to plague the nation’s manufacturing sector.
The session on energizing startups and accelerating innovation underlined the fact that enterprises need design labs, design tools, kits, and mobile experience labs to move ahead.
The event also witnessed a discussion on the role of super high-speed connectivity in enabling business.