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TS Govt, Taoyuan City signs Technology Partnership MoU
TS Govt, Taoyuan City signs Technology Partnership MoU

TS Govt, Taoyuan City signs Technology Partnership MoU

Hyderabad: The largest event of its kind in the technology domain, World Congress on Information Technology (WCIT) 2018, concluded here on Wednesday with Telangana, India handing over the baton to Armenia for the 2019 edition.

As a part of the closing ceremony, a Technology Partnership MoU was exchanged between officials of the Government of Telangana State and Taoyuan City, Taiwan.

In the presence of IT Minister K. Tarakarama Rao, the agreement was signed by and exchanged between the Principal Secretary to Government, Jayesh Ranjan and Director of the Board, Taoyuan City, Robert Huang.

Taoyuan, one of the fastest growing cities with respect to entrepreneurship, innovation and IoT, and Government of Telangana have agreed to partner for mutual economic development. Government of Telangana and Taoyuan City will engage in economic exchange of technology companies that have operations in either Telangana or Taoyuan City.

Any home-grown company of Taoyuan City which is interested in exploring the markets in Telangana and setting up operations in Telangana will be provided the necessary regulatory support and policy benefits as mentioned in the ICT Policy of Telangana.

Similarly, companies with origin or large presence in Telangana shall be encouraged to evaluate economic opportunity to set up operations with local government support.

Any technology product or application developed by a startup or an enterprise incorporated in Taoyuan City which is of relevance to the Government of Telangana will be tried and tested within a designated sample space in Telangana as a Proof of Concept.

The ITE&C Department, Government of Telangana will actively support Taoyuan City in its efforts to create a conducive atmosphere for spurring innovation and entrepreneurship. As a part of this collaboration, through the T-Bridge program of T-Hub, Government of Telangana and Taoyuan City shall facilitate exchange of startups between the locations of both the Parties.

Support in the form of market strategy, mentorship, access to funding, etc. shall be provided through T-Bridge.

Telangana has a large number of prestigious technology universities and colleges. State Government is interested in further enriching the academic excellence in the state by implementing faculty training programs, student exchange program, and R&D programs in the areas of IoT and Smart Technologies.

Government of Telangana and Taoyuan City will explore the possibility to conduct a joint expo / exhibition of innovative technology solutions. The expo can be conducted on a rotation basis between Telangana and Taoyuan City every two years. (INN)

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