Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.
STPI Headquarters is located in New Delhi with 68 Centres spread across the country.
The evolution of industrial clusters is considered to increase the efficiency of companies making them competitive both nationally and internationally. The presence of these clusters working together in India especially concentrated around Bangalore, Noida, Mumbai, Chennai, Hyderabad and Pune, testifies that a technological revolution had taken place, somewhat identical to global technology clusters like Silicon Valley, Boston, Dallas, Ireland, Sweden and Tokyo.
FinGlobe CoE Facility@STPI Gandhinagar,GIFT City
FinGlobe - A FinTech Centre of Entrepreneurship
FinGlobe - A FinTech Centre of EntrepreneurshipObjective : To encourage the Startups for creation of products and services to penetrate new areas of the financial system and to change the competitive landscape which in turn can motivate the traditional financial firms in this region to invest in technology and to pay attention to changing trends among their customers, a FinGlobe CoE at Gandhinagar is proposed.
Software Technology Parks of India (STPI), under Ministry of Electronics and Information Technology (MeitY), Government of India has established new STPI centre at Bhagalpur to cater the needs of IT/ITeS/ESDM Industry and also to boost the Innovation led entrepreneurship and IT exports from the State of Bihar.
The new STPI centre at Bhagalpur has been Inaugurated by Shri Ashwini Kumar Choubey Hom’ble Minister of State for Ministry of Consumer Affairs, Food and Public Distribution; and Environment, Forest and Climate Change, in the august presence of Shri Santosh Kumar Suman, Hon’ble Minister for Department of Information Technology, Government of Bihar, Shri Ajay Kumar Mandal, Hon’ble MP, (Lok Sabha), Bhagalpur, Shri Arvind Kumar, Director General, STPI, Shri Devesh Tyagi, Sr. Director, STPI and Shri Surya Kumar Pattanayak, Director, STPI and other distinguish dignitaries.
STPI Centre at Bhagalpur is another step forward by Government of India to facilitate and support the dynamic entrepreneurs of the State for their growth. State Government of Bihar has provided 2 acres of land at near Government Industrial Training Institute (ITI) for setting up STPI, Bhagalpur.
Benefits of STPI Bhagalpur:
Subscription and Comprehensive AMC for Fortigate Firewall 201E, Fortianalyzer 200F and FortiRPS 100 for one year installed at STPI-Mysuru - GeM.
Date: March 11, 2024
Software Technology Parks of India (STPI), an autonomous society under the Ministry of Electronics and Information Technology, Government of India, today launched its 24th Center of Entrepreneurship (CoE) - "FinGlobe," dedicated to fostering innovation and growth in the financial technology sector, at STPI-Gandhinagar, GIFT City. Shri K Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA) inaugurated the CoE and its maiden Open Challenge Program (OCP) for the startups amidst the presence of Ms Mona K Khandhar, Principal Secretary, Department of Science & Technology, Government of Gujarat and other dignitaries.
The FinGlobe CoE, which has been set up in association with the Department of Science and Technology, Government of Gujarat, aims to serve as a catalyst for the development and proliferation of cutting-edge technologies within the financial services domain. By providing state-of-the-art infrastructure, expert mentorship, and a collaborative ecosystem, FinGlobe CoE seeks to empower startups, entrepreneurs, and established players to ideate, innovate, and scale their solutions in the FinTech, TechFin, Banking Industry and allied domains. The CoE provides 50 Plug-n-Play incubation seats.
Five MoUs were exchanged by STPINext Initiatives with its CoE partners i.e., (n)Code Solutions (IT Division of GNFC Limited); Centre for Advancing and Launching Enterprises (CrAdLE), a Technology Business Incubator at Entrepreneurship Development Institute of India (EDII), Ahmedabad; Pandit Deendayal Energy University, Gandhinagar; GVFL Limited and TiE- Ahmedabad.
“If we look at the economic reforms that have happened in the last 25 years, the most important reform is the tax reform. This helped in improving the health of the Indian financial system and financial sector at large. Financial institutions are all healthier because of this reform. All of them have become more prudential when it comes to managing their finances. All these enabled us to build the financial ecosystem, building trust globally. In every sector, we have to have global-scale companies and technology platforms can help to achieve that. We at IFSCA are building such regulations so that foreign investors don’t face any issues when they land in India. With this FinGlobe CoE, startups will build solutions for the rest of the world. We are happy to support and facilitate this CoE,” said Shri K Rajaraman during the launch of the event.
“The launch of this CoE is an important journey towards making Gujarat a Fintech hub. All these efforts will deepen the ecosystem of FinTech further. We have also planned a hackathon and start onboarding the startups. We have a long association with STPI. The disruption in IT sector continues with the emergence of artificial intelligence and we are working to leverage this technology,” said Ms Mona K Khandhar.
On the occasion, DG STPI Shri Arvind Kumar conveyed his message, “STPI is actively engaged in promoting IT/ITeS industry & startups in the state of Gujarat through its two centres in Gandhinagar and Surat. Both centres are driving digital transformation, fostering job creation, and contributing to Gujarat's emergence as a prominent IT destination in times to come. Now, seeing the potential of FinTech domain in the state, STPI is expanding its footprint by establishing its 24th CoE in the FinTech domain at GIFT-City in partnership with the Department of Science and Technology, Govt. of Gujarat. This FinTech CoE will provide the requisite support like state-of-the-art incubation infrastructure, Sandbox Environment, Industry APIs, Payment Gateways, mentoring, industry & market connect to the startups.”
The CoE was established so that by investing in technology and paying attention to changing trends, startups can penetrate new areas of the financial system and change the competitive landscape. It will provide a platform for startups as well as potential investors to innovate new products and services with the latest trends.
