![]() JFWTC in Bangalore is GE’s largest integrated multidisciplinary R&D Center and the first to be located outside the US. Over the years, driven by the needs of Indian customers, GE has partnered with a number of Indian companies like BHEL, SBI, Wipro and Triveni to meet requirements across verticals like energy, infrastructure and financial services. A case in point is General Electric, whose presence in India began in 1902 when the company installed India’s first hydropower plant in Mysore, Karnataka. Several global MNCs have contributed towards Bangalore’s R&D landscape. The proposed incubation centre will seek to identify and support entrepreneurs working towards creating jobs and livelihood opportunities for the people of Karnataka. The Federation of Indian Chambers of Commerce and Industry (FICCI) which is the voice of India’s business and industry, has a vision of starting an Incubation centre in Bangalore. “Karnataka is a place where more than 400 MNCs are placed and the state of Karnataka was first state to bring start-up policy in the country,” highlighted RV Deshpande, minister for small, medium and large industries and infrastructure development, Government of Karnataka. R&D calls for large investments and wherever possible private-public partnerships and a consortium approach need to be taken. R&D outcomes should be piloted before they are nurtured as scalable commercially viable models that will benefit the society. It’s important to leverage the innovation quotient, invest in R&D in order to create solutions for the existing problems in society. In 2017, MaGIC has been in talks with the Government of Karnataka (GoK). MaGIC is Malaysia’s vision to nurture a vibrant entrepreneurial hub. In 2016 the Malaysian Global Innovation and Creativity Centre (MaGIC) decided to look at Indian shores for collaborative entrepreneurial investment by picking out startups in India for its four month-long accelerator programme. It’s a challenge to go beyond a local mindset to become a sustainable global model and Bangalore is credited for going beyond the horizon. The mature ecosystem of the city has attracted MNCs to invest in the city to conduct their R&D operations here that would in turn lead to enhancing their global strategies,” said Gaurav Gupta, the Principal Secretary, Department of IT, BT and S&T, Government of Karnataka, speaking at the Global R&D Summit 2017.īangalore has emerged as the fourth-largest technology cluster in the world and is home to over 200 engineering colleges and has over 400 R&D centres. “Bangalore has made certain great strides that have brought several large funds as foreign investment into the country. Private public partnerships, interdisciplinary research and industry-academia collaborations are among the hallmarks. Karnataka is home to premier educational institutions like the Indian Institute of Science (IISc), National Centre for Biological Sciences (NCBS), Institute of Bioinformatics and Applied Biotechnology (IBAB), which have given rise to biotech startups, apart from doing path-breaking research in science and engineering, backed by technological innovations and harnessing an entrepreneurial spirit among its people.
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