3 weeks ago
1
IIT Madras Global Research Foundation has announced the mounting up of a heavy tech hub astatine Menlo Park, California, U.S.A., with a full planned concern of USD 7.5 million. The centre volition service arsenic a launchpad for Indian heavy tech startups providing them with enactment to entree planetary markets, task ecosystems, mentorship, probe collaborations, and manufacture partnerships.
The announcement was made astatine the SelectUSA Investment Summit connected Wednesday. The centre was launched connected April 24, with a greenfield concern of USD 4.5 cardinal from IITM Global. Strategically located adjacent Silicon Valley, the centre volition absorption connected advancing heavy tech probe and commercialisation, portion serving arsenic a hub for commencement up incubation and planetary marketplace access, a property merchandise stated.
The IITM Global has besides announced plans to found a 2nd centre connected the East Cost of US, the merchandise added.
