Draft

The Growth Booster in Maharashtra

The Role of STPI in the growth of the IT industry has been tremendous, especially in the case of startups and SMEs. STP scheme the catalyst: The STP scheme is a 100 percent export-oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media. This scheme is unique in its nature as it focuses on one product/sector, i.e. computer software. The scheme integrates the government concept of 100 percent Export Oriented Units (EOUs) and Export Processing Zones (EPZs) and the concept of Science Parks/Technology Parks, as operating elsewhere in the world. STP scheme played as a major catalyst to boost IT/ITeS/ESDM exports from the region. Exports grew from Rs. 0.45 crore in FY 1992-93 to Rs. 1.83 lakh crore in FY 2023-24.

New Initiatives

Incubation Facility

Additional 35,000 sq. ft. plug and play facility is being developed by STPI-Pune at Hinjawadi and 29,000 sq. ft. of plug and play facility at Nagpur to meet the rising demand of the startups and SMEs in IT/ITES/ESDM sector. So far, more than 50 STPI-registered units have been benefitted from the incubation facility offered by STPI-Pune. Government of Goa has also allotted land of 14,815.54 sq. mtrs. to STPI at Dona Paula, Goa. STPI is planning to build 70,000 Sq. ft. of built-up space for the startups, tech SMEs and budding entrepreneurs of the region.

MOTION

STPI has set up MOTION, a CoE in ACES mobility at Pune in association with Ministry of Electronics and Information Technology (MeitY), Govt. of India, Government of Maharashtra, ARAI, SAE India, Tata Motors, Intel, MathWorks, Visteon, Kinetic, TiE Pune, and College of Engineering Pune, with an objective of creating a holistic ecosystem for encouraging R&D, innovation, entrepreneurship in the ACES mobility sector in India. MOTION is spread over an area of 7,000 sq. ft. and will benefit an estimated 50 startups over a period of 5 years; 54 startups have been on-boarded.

FASAL CoE at Akola

To create a robust incubation infrastructure to enable innovative startups focused on developing disruptive products in AgriTech, IoT in Agriculture & Digital Farming, STPI has set up a CoE in IoT in Agriculture by facilitating an all-inclusive ecosystem with technology support, mentoring, academic expertise, access to funding, industry connect & market access, in association with ioCare, Amazing Aerial Solutions, SatSure, TiE Mumbai, Indian Society of Agricultural Engineers, KVK Akola, Agriculture Insurance Company of India Limited, Dr. Panjabrao Deshmukh Krishi Vidyapeeth, and College of Engineering & Technology, Akola. With world-class 40-seater ultramodern incubation centre equipped with domain-specific physical lab facilities for R&D, this CoE has incubation facility 10,000 sq. ft. at Dr. Panjabrao Deshmukh Krishi Vidyapeeth, Akola. The CoE plans to nurture 25 startups in 3 years in domains like Digital Farming, AgriTech, Agri IoT, Smart Techniques for Crop Protection & Management, and Hydroponic VF System.