NASSCOM today launched India’s first Centre of Excellence – Internet of Things (CoE-IoT) at the NASSCOM Startups Warehouse in Bengaluru. The CoE will focus on leveraging IT strengths and creating a new age industry with the support of IoT based ideas.
The CoE is a joint initiative between the Department of Electronics and Information Technology (DEITY), Education and Research Network (ERNET) and National Association of Software and Services Companies (NASSCOM).
The CoE laboratory along with the NASSCOM 10,000 Startups Warehouse has the capacity to incubate up to 40 start ups and can accommodate around 10 emerging companies per shift for prototype/ design and usage of lab facilities. The CoE also provides a separate space for validation, verification and demonstration as well as concept labs for developing IoT solutions for application areas like Agriculture, Automobile, Telecom, Healthcare and Consumer IoT.
The CoE is also supported by Accenture, CISCO, Cyient, EMC, Intel, HCL Technologies, Qualcomm, Tata Consultancy Services, L&T Technology Services, Robert Bosch and VM Ware as Strategic partners. Amazon Web Services, Digital Ocean, IBM, Microsoft have signed up as Infrastructure partner to the initiative.
NASSCOM also shared some of the key-findings at the launch event. India has seen a Market Growth of 28% in IoT business from FY2015 to FY2016. Nearly 120 firms are offering IoT Solutions in India, out of which around 60% startups emerged after 2010. In the past 3 years, Indian IoT firms have received funding worth USD 60M and the IoT market in the country is expected to grow to USD 15B market by 2020. This would mean, roughly about 5% of the Global Market.
An increase in the adoption of IoT based technology in areas of home, retail and industrial automation, health & fitness monitoring and connected vehicles as well as the advent and growth of Smartcities, has resulted in a greater need of better solutions that lead to the evolution of a lifestyle dominated by technology. Few days ago, even HP announced the Industry First Converged System for IoT.
If you are keen to start developing IoT based solutions and products, there are many affordable boards available in the market today. Last week, MediaTek also announced their Helio based Development board with more powerful sensors for developers.
Divya has also written an article on how to get started with Raspberry Pi and building your first IoT DIY project. Have a look!