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Hyderabad’s IT Sectors is on it high currently and going through its best phase with many startups evolving and Major IT firm operations taking place. To make things better, National Association of Software and Services Companies (NASSCOM) is planning to set up Center of Excellence(CoE) for IoT (Internet of Things) in the city. The news was confirmed by NASSCOM officials.

Hyderabad is already home to another Center of Excellence (CoE) for big data and analytics. The first CoE for IoT is set up in Bangalore. This will be the second CoE for IoT in the country.

B V R Mohan Reddy, Sector Skill Council Chairman, NASSCOM, said, “We have already set up one of the IoT CoEs in Bengaluru. The Union government is looking at setting up more and Hyderabad is one of the cities. If you look at IoT, it is one of the game-changing technologies that can have a tremendous impact in many verticals such as retail, e-governance and healthcare, among others.”

The set up will be a PPP model (Public Private Partnership) where the half of the funding will come from Central Government and the other half from the Industry.

Sanjeev Malhotra, CEO, IoT Centre of Excellence, said: “We are waiting for an approval from the central government. Once approval is granted, we will request for space from the state government.”

NASSCOM needs 10,000-15000 Sqft space for setting up the centre, of which around 3,000 Sqft will be lab space.

The key objectives of the CoE will be building a strong startup ecosystem for Internet of Things. This will help to boost research and development of the startup and reduce the R&D cost. The CoE will help in making India’s leadership position better in the emerging areas by providing indigenous solutions.

Explaining about the CoE, Malhotra said: “There will be some common layers where there will be labs in all the CoEs where startups can come and work. But each CoE will have a separate focus area. There will also be some specific areas around specific verticals. We are not trying to become another T-Hub. We are only going to deal with startups that will be working on the deep technology.”

If you are an entrepreneur having any ideas for your startup, this would be the best time to shift your ideas to Hyderabad and start the pursuit for your dream company. Read more about Indian Startup Ecosystem.

NASSCOM plans to set up CoE for IoT in Hyderabad