Govt ropes in pvt co to drive innovation in manufacturing, IT startup ecosystem

The government has signed a memorandum of understanding (MoU) with Kyndryl Solutions Pvt Ltd to accelerate innovation and scale the startup ecosystem. The partnership will focus on supporting startups in the manufacturing and IT sectors by leveraging Kyndryl’s expertise in digital transformation and generative AI solutions.

Speaking on the occasion, Department for Promotion of Industry and Internal Trade (DPIIT) Joint Secretary Sanjiv said that this collaboration marks an important step in fostering an innovation-driven startup ecosystem in India. By leveraging Kyndryl’s global expertise and enterprise solutions, the DPIIT aims to support startups in scaling their operations and driving technological advancements across industries, an official press release said.

Under this partnership, startups will be empowered through mentorship, infrastructure support, and market access, enabling them to integrate their solutions into enterprise ecosystems across industries such as automotive, pharmaceuticals, BFSI, oil & gas, and government services. Kyndryl will institutionalize dedicated programs to support digital product startups, AI-driven innovators, and entrepreneurs.

Kyndryl will facilitate startup growth by integrating their innovations into enterprise solutions and connecting them with large-scale business customers. Startups will receive mentorship on product development, market readiness, cybersecurity resilience, and enterprise deployment. Kyndryl will conduct advisory sessions and industry workshops to enhance customer experience and operational efficiency.

In collaboration with Startup India and the DPIIT, Kyndryl will provide knowledge sharing, policy insights, and access to government incentives. Startups will also receive guidance on scaling their solutions internationally and exploring new markets.

This partnership aligns with the government’s vision of positioning India as a global innovation hub. By integrating the DPIIT’s startup support framework with Kyndryl’s enterprise capabilities, the collaboration will create a structured ecosystem where startups can thrive, innovate, and contribute to economic growth, the release said.