MoUs signed between India and US - Fusion - WeRIndia

In order to improve the number of Startups in India, seven MoUs have been signed between India and the US. Prime Minister Narendra Modi attended the India-US start up Konnect 2015 where the MoUs have been signed. The following are the seven MoUs signed between the US and India this year.

The first MoU was signed between Centre for Cellular and Molecular Platforms and the California Institute for Quantitative Biosciences. The aim of it is to improve Indo-US Life Science Sister Innovation Hub in order to develop science-based entrepreneurship, research, academia and businesses.

The second MoU was signed between Department of Biotechnology and Prakash Lab, Stanford University signed on Foldscope. It is the frugal science innovation which came from a lab of an Indian with majority of Indians working in this laboratory. Working along with DBT, the lab will further develop and launch the newly developed products.

Another MoU was signed between National Association of Software and Service Companies (NASSCOM) and the Indus Entrepreneurs. The aim of this MoU is to work together a mutually satisfactory way and help in creating a vibrant ecosystem which can improve technology entrepreneurship in India and Silicon Valley.

A MoU has been signed between IIM Ahmedabad’s Centre for Innovation and Entrepreneurship (CIIE) and Lester Centre for Entrepreneurship of the Haas Business School of the University of California. This is done in order to help each other on mutual incubation, and also encourage each other’s activities of mutual interest.

There was another MoU signed between CIIE and Los Angeles Cleantech Incubator. The aim of this is to increase NGIN Membership benefits to CIIE.

Another MoU for IIM Ahmedabad’s CIIE was with Tata Trust for founding partner for the Bharat Fund. This is to help with seed funding to Indian entrepreneurs.

The last MoU was also signed by CIIE with Google in order to improve technology and impact entrepreneurs with strategic support.

Image Reference: TheEconomicTimes