The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with Hero MotoCorp Limited to support and scale early-stage startups and entrepreneurs through its innovation accelerator programme ‘Hero For Startups’. The DPIIT and Hero MotoCorp partnership to focus on the future of mobility, clean tech and deep tech.
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| DPIIT signs MoU with Hero MotoCorp to Support Early-Stage Startups |
DPIIT - Hero MotoCorp signs MoU to Support and Scale Early-Stage Startups
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry and Hero MotoCorp Limited have signed a Memorandum of Understanding (MoU) to support and scale early-stage startups and entrepreneurs through its innovation accelerator programme ‘Hero For Startups’.
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Under the Startup India initiative, DPIIT and Hero MotoCorp will jointly support startups working in areas related to the future of mobility, clean technology and deep technology.
DPIIT and Hero MotoCorp MoU will provide selected startups with exclusive access to Hero MotoCorp’s world-class research and development facilities in Germany and India, the company’s extensive network of dealers, suppliers and partners, along with mentorship.
Shortlisted startups will also have the opportunity to work on paid Proofs of Concept (PoCs), enabling successful pilots and unlocking valuable market exposure to accelerate the growth and visibility of their innovations.
DPIIT and Hero MotoCorp MoU Signed by
The DPIIT and Hero MotoCorp MoU to Support and Scale Early-Stage Startups was signed by the Director, DPIIT, Dr. Sumeet Jarangal, and Global Innovation Portfolio Lead, Hero MotoCorp, Shri Utkarsh Mishra, in the presence of senior officials from both organisations.
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About DPIIT
The Department for Promotion of Industry and Internal Trade (DPIIT) was founded in 1995 and later expanded in 2000 through the merger with the Department of Industrial Development.
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It is working under the Ministry of Commerce and Industry, Government of India. This department is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
Static Current Affairs related to DPIIT for upcoming exams
- Full form of DPIIT: Department for Promotion of Industry and Internal Trade
- Minister responsible: Piyush Goyal, Minister of Commerce and Industry
- Secretary: Amardeep Singh Bhatia
Static Current Affairs related to MotoCorp for upcoming exams
- Founded: 19 January 1984
- Founder: Brijmohan Lall Munjal
- Headquarters: New Delhi
- Executive Chairman: Pawan Munjal
- Products: Motorcycles Scooters
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