- NEW DELHI — The
India Cellular and Electronics Association (ICEA) on Tuesday announced a unique
industry-wide initiative to collaboratively foster tech and AI innovation for
the benefit of India’s manufacturing sector.
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- The programme will connect companies with transformative
innovations across domains such as advanced manufacturing, AI, IoT, energy
efficiency, materials science, and more.
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- The ICEA launched Venture Access Labs -- a technology
innovation access programme in collaboration with venture capital fund Caret
Capital.
Also read: Indians among most excited about AI’s growth worldwide — Report
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- This initiative aims to empower India's electronics and
appliances manufacturing companies by enabling them to discover, curate, and
adopt cutting-edge technologies and innovations from across the world.
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- "Through Venture Access Labs, ICEA is proud to champion
and unlock global innovation to strengthen India’s position as a global hub for
manufacturing and electronics with a vision to build Indian Champions,” said
Pankaj Mohindroo, Chairman, ICEA.
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- "By opening the door to international technological
advancements and building an innovation pipeline, we aim to accelerate India's
electronics manufacturing capabilities and global competitiveness so as to
capture a larger global market share,” he added.
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- The comprehensive programme will cover several functions
including procurement, planning, manufacturing, supply chain, finance, HR,
legal and ESG.
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- Through this programme, companies will benefit from
innovation trend spotting, curated access to high-impact startups and Ips,
strategic matchmaking and pilot opportunities, tailored adoption pathways for
new technologies, and facilitated investments in strategically relevant, vetted
high-potential startups.
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