STPI Startups Drive Innovation at Bengaluru Tech Summit 2024

Bengaluru, India’s leading innovation hub, hosted the 27th edition of Asia's largest tech conclave, the Bengaluru Tech Summit. Co-hosted by the Software Technology Parks of India (STPI), the summit reaffirms the city’s role in nurturing a dynamic tech startup ecosystem. The 3-day event, which kicked off at Bangalore Palace on November 19, has created a buzz with the prominent presence of the STPI Sayuj Community Startup Pavilion with 60 pioneering startups attracting the investor and delegates for 3 days and recognition of Excellence in IT industry through prestigious IT export awards.

STPI IT Export Awards 2024, honors Karnataka region's leading IT companies, acknowledging their remarkable contributions to technological growth, vital role in boosting exports and forex, and job creations. Infosys was honored with the prestigious Karnataka IT Ratna Award, while companies like Altran Technologies India Pvt Ltd, Microland Ltd, and Standard Chartered Global Business Services Pvt Ltd were recognized for High Growth in Exports - IT/ITES at the STPI IT Export Awards – Karnataka 2024. Other notable winners included L&T Technology Services Ltd for Best Performer – IT/ITES (Mysuru Region) and Glowtouch Technologies Pvt. Ltd. for Best Performer – IT/ITES (Mangaluru Region). Mercedes-Benz Research and Development India Pvt. Ltd. received the award for Highest New Jobs Creator – IT.

Notably, at the heart of this vibrant summit, the STPI Sayuj Community Startup Pavilion has emerged as a hotspot for innovation and technological breakthroughs. Featuring as many as 60 groundbreaking startups, it has become a beacon of entrepreneurial excellence. Hailing from different parts of India's Tier-1 and Tier-2 cities, these dynamic enterprises, brimming with enthusiasm, are showcasing the next wave of cutting-edge technology that promises to redefine industries and revolutionize everyday life. From pioneering solutions in AI and IoT to advancements in software and agri-tech, these startups exemplify the spirit of innovation that propels India’s economy toward Viksit Bharat.

Participating startups in summit from the STPI SAYUJ Community like Swadha Agri Private Limited and Rajesh Laboratories Pvt. Ltd. (Rajesh Labs) are exemplifying the transformative potential of innovation. Swadha Agri, a women-led startup founded by Neha Bharti and based in Palamu, Jharkhand, is revolutionizing dairy operations in Tier II and III cities through cutting-edge technology and an integrated SaaS platform. Incubated under the OctaNE CoE at STPI Guwahati and NGIS Bhubaneswar, the company bridges the gap between rural dairy farmers and urban consumers by streamlining operations, improving product quality, and ensuring supply chain transparency. Similarly, Rajesh Labs, an startup

Participating startups from the STPI SAYUJ Community like Swadha Agri Private Limited and Rajesh Laboratories Pvt. Ltd. (Rajesh Labs) are exemplifying the transformative potential of innovation, with support from the STPI. Swadha Agri, a women-led startup founded by Neha Bharti and based in Palamu, Jharkhand, is revolutionizing dairy operations in Tier II and III cities through cutting-edge technology and an integrated SaaS platform. Incubated under the OctaNE CoE at STPI Guwahati and NGIS Bhubaneswar, the company bridges the gap between rural dairy farmers and urban consumers by streamlining operations, improving product quality, and ensuring supply chain transparency.

Similarly, Rajesh Labs, an award-winning hardware and medical device innovation company based in Bangalore, is making significant strides in healthcare with its innovative solutions. Supported by STPI’s IoT OpenLab in Bangalore, Rajesh Labs has benefitted from technical mentorship, financial assistance, and global exposure, including insights from Silicon Valley and a ₹50 lakh grant from BIRAC. These startups highlight how STPI’s ecosystem empowers emerging enterprises to address critical challenges and scale impactful innovations.

STPI's continuous support by offering state-of-the-art infrastructure and incubation facilities empowers startups. Access to modern technology, expert mentoring, and global market opportunities, ensures entrepreneurs that they are well-equipped to navigate challenges and scale their businesses effectively.

Through this collaborative effort, Bengaluru Tech Summit and STPI together are not just celebrating innovation but are actively contributing to India's emergence as a global technology leader. The event stands as a witness to the potential of India's entrepreneurial landscape and global competitiveness showcasing how strategic initiatives and partnerships can pave the way for a thriving and sustainable tech-driven future.