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Synopsis

Software Technology Parks of India (STPI) and Indian Institute of Corporate Affairs (IICA) have partnered through an MoU to boost capacity building, research, and advocacy. The collaboration aims to foster interdisciplinary learning and thought leadership in corporate governance, startup funding, and technology. This partnership seeks to cultivate a skilled tech workforce and drive India's digital transformation.

Software Technology Parks of India (STPI) and Indian Institute of Corporate Affairs (IICA) have signed a Memorandum of Understanding (MoU) to collaborate in the fields of capacity building, advocacy, awareness, as well as research and publication. The MoU was exchanged between Arvind Kumar, Director General, STPI, and Gyaneshwar Kumar Singh, Director General & CEO, IICA, in the presence of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman during the IICA Northeast Conclave 2025 held at IIM Shillong, Meghalaya. 

This strategic partnership aligns with STPI’s ongoing efforts to promote research-driven growth and a knowledge-based innovation ecosystem in India. The MoU focuses on fostering interdisciplinary learning and thought leadership across various domains, including corporate governance, startup funding, law, economics, finance and management.

Arvind Kumar, Director General, STPI, said, “By combining STPI’s deep industry connect and startup ecosystem with IICA’s expertise in corporate governance and policy research, we are poised to drive impactful capacity building and thought leadership. Together, we aim to foster a future-ready ecosystem that not only fuels innovation but also builds an informed, skilled and globally competitive tech workforce.

Under the agreement, STPI and IICA will jointly conduct structured training programs, workshops and seminars aimed at enhancing capacity across stakeholders in the tech and corporate ecosystem. The collaboration will also facilitate national and international advocacy initiatives through seminars, conferences, and roadshows, engaging policymakers, academia, corporates, sociologists, and financial institutions. Additionally, both institutions will collaborate on research and publication initiatives, including policy papers, research studies, and sectoral analyses, to inform and guide India’s digital and entrepreneurial trajectory.

Over the past three decades, STPI has played a pivotal role in transforming India’s IT landscape, with STPI-registered units achieving IT exports of over Rs 10 lakh crore in FY 2024–25. Through its 24 Centres of Entrepreneurship (CoEs) and the Next Generation Incubation Scheme (NGIS), STPI has nurtured over 1,400 startups, collectively raising approximately Rs 600 crore in funding from investors.

As India moves towards becoming a global leader in innovation, STPI remains committed to harnessing the potential of emerging technologies, such as Artificial Intelligence, the Internet of Things, Blockchain, and Quantum Computing, to drive the next wave of digital transformation.

Software Technology Parks of India (STPI) showcased high-potential Indian startups at VivaTech 2025, held in Paris from June 11–14, as part of its commitment to nurturing India’s innovation ecosystem and deep-tech entrepreneurship. As one of Europe’s most prominent tech and startup events, VivaTech provided a global platform for STPI-nurtured startups to demonstrate their innovations, forge international collaborations, and explore market expansion in the European region.

The STPI incubated Indian startups at VivaTech included ventures operating at the cutting edge of AI, automotive software, and voice analytics. These startups engaged with global investors, tech leaders, and innovation stakeholders to explore avenues for strategic partnerships, funding, and global scaling. In addition to networking at VivaTech, the cohort also had an immersive visit to Station F, the world’s largest startup campus, where they interacted with global mentors and explored co-innovation models, localization strategies, and investor-readiness frameworks.

Satyananda Technologies Pvt. Ltd. (Ambaram.ai), founded by Kalyani R. Kunche, is revolutionizing the fashion design industry through its DesignMate platform, which enables fashion teams to generate professional-quality designs using AI prompts and optimize them for print, without requiring design experience. Built using technologies such as the MERN stack, Generative AI, and SaaS, Ambaram.ai operates on a B2B model, streamlining design approvals for fashion enterprises.

Another promising solution by Yellow Matrix Pvt. Ltd., founded by Arpit Chahande, is at the forefront of automotive software innovation, developing telematics and diagnostics hardware integrated with a SaaS platform for real-time monitoring and firmware-over-the-air updates. Leveraging embedded hardware, SDV, and Industry 4.0 technologies, the startup enables automotive suppliers to derive intelligent insights across their value chain.

Voxot Solutions Pvt. Ltd. (Pragyaa.ai), founded by Gulshan Mehta, is making significant strides in the field of enterprise communication. Transforming enterprise communication through Voice AI, its products, VoiceAgent and VoiceLens, offer fully conversational, multilingual AI agents for voice operations. They provide deep analytics for voice data, enabling businesses to derive actionable insights aligned with their key performance indicators (KPIs). Pragyaa.ai operates on a B2B model and is currently in the growth and scaling phase, utilizing technologies such as Voice AI, Generative AI, and Predictive AI.

In recent years, STPI has strategically repositioned itself from being an IT/ITES export enabler to becoming a key force in India’s startup growth journey, particularly in Tier II and Tier III cities. Today, more than 60 – 70% of the startups incubated at the 24 Centres of Entrepreneurship (CoEs) and Next Generation Incubation Scheme (NGIS) originate from these emerging regions. STPI currently supports over 1400 startups through incubation, mentoring and funding programs and more.

By providing international exposure through marquee global events like VivaTech, STPI continues to empower Indian startups to scale globally, integrate with international innovation ecosystems, and position India as a hub for cutting-edge deep-tech solutions.