New Delhi, March 6, 2025

PanScience Innovations (PSI) and the National Association of Software and Service Companies(NASSCOM) Centre of Excellence for IoT & AI (NASSCOM CoE) have formalized a strategicpartnership through a Memorandum of Understanding (MoU), marking a significant step towardsfostering innovation in deep-tech sectors such as AI, IoT, Industry 4.0, healthcare and more. Thepartnership aims to leverage both organizations' strengths to create a robust ecosystem forstartups, helping them scale and innovate in some of the most rapidly evolving industries.

In India, while the potential for deep-tech innovation is immense, startups often face significanthurdles, including limited access to funding, infrastructure, and mentorship. These barriersimpede the growth and global competitiveness of India’s tech ecosystem. By forming thiscollaboration, PSI and Nasscom CoE aim to address these challenges, offering startupsmuch-needed resources, industry connections, and mentorship that are crucial for scalingoperations and bringing high-impact solutions to market.

This partnership is vital in the current technological landscape, where India is positioned as aglobal hub for digital transformation through initiatives like Digital India. As AI and IoT continue todisrupt industries worldwide, India’s deep-tech startups need strategic support to capitalize onthese opportunities and scale effectively. The alliance between PSI and Nasscom CoE willprovide startups with the infrastructure and expertise they need to thrive in the fast-paced,competitive environment of tomorrow's tech industry.

By joining forces, PSI and Nasscom CoE are set to play a critical role in positioning India as aleader in deep-tech innovation, creating new pathways for startups to grow and contribute toglobal advancements. This collaboration is not only an important milestone for the twoorganizations but also for the broader Indian startup ecosystem, ensuring that India remains atthe forefront of technological development on the world stage.