The delegation headed by IT & Industries Minister K T Ramarao signed an MoU with the California Governor’s Office for Joint Innovation, Exchange and Cooperation in alternative energy, environmental technology, health, agriculture and other technology-based industry sectors, business innovation, research and development.
Speaking on the occasion, KTR said the MoU would open new avenues for exchange of innovative ideas between Startups in Telangana and Silicon Valley. “I am confident that Startups in both geographies would benefit immensely from this MoU. India and California have strong economic ties that make our respective regions natural partners,” said Governor’s Office of Business & Economic Development (GO-Biz) Director Panorea Avdis. The agreement with the Telangana government provides a framework for collaboration that will help innovative Indian companies invest in California and help innovative companies in our State access the Indian market, he said.
The MOU signed by GO-Biz Director Panorea Avdis and Secretary of Information Technology, Electronics and Communications Department Jayesh Ranjan connects the respective innovation programs and helps foster economic cooperation and economic development, facilitate joint industrial research and development through their respective innovation ecosystems and enhance business relationships and educational opportunities in areas such as renewable energy, cleantech, smart cities, water conservation, biotech and ag tech.
Dileep Konatham, Director, Digital Media, Telangana IT E&C Department and other officials from the California Governor’s office were present at the MoU signing event. Through this agreement, the companies that participate in the Telangana T-Hub will have access to resources and contacts within the GO-Biz Innovation Hub (I-Hubs) network which stretches from Redding to San Diego and includes 15 distinct I-Hubs making it the largest state sponsored innovation network in the US. Likewise, this agreement opens opportunities for California companies to connect with the partners and companies within T-Hub network.
The key activities and sectors of mutual cooperation under this MoU, including, but not limited to Start-up Ecoystem, Methodology and Knowledge Exchanges, Renewable Energy and related Clean Technologies, Water Conservation and Management, Health IT and Biotechnology Solutions, Advanced Manufacturing, Information and Communication Technologies, Agricultural Technologies, Entrepreneur Exchanges and Showcases. (NSS)