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SpanishKarnataka signs Letter of Intent with New Jersey to strengthen tech and innovation ties
PTI, The Economic Times | December 11, 2024
The Karnataka government on Tuesday signed a Letter of Intent (LoI) with the New Jersey Department of State, US, marking a significant step towards enhancing global cooperation in technology, innovation, and economic development, officials said. The agreement signed by The Department of Electronics, IT, and Biotechnology, Government of Karnataka establishes a framework for collaboration between Bengaluru and New Brunswick, New Jersey, they said.
In a statement, the Department said that the agreement will focus on Twin City Collaboration for promoting exchanges between Bengaluru and New Brunswick in identified focus areas.
In the startup ecosystem engagement, it will focus on developing programs to foster synergies between the startup ecosystems of both regions.
“As part of technological collaboration, it will focus on advancing cooperation in sectors such as life sciences, deep technologies (cybersecurity, AI), and electronics,” it said.
Key areas of collaboration will include life sciences, deep technology, and electronics, it stated.
“This partnership with New Jersey is a significant milestone in Karnataka’s mission to strengthen its position as a global hub for innovation. We are excited about the opportunities this collaboration presents, particularly in technology, startups, and key sectors like AI and electronics,” said Ekroop Caur, Secretary to Government of Karnataka, Department of Electronics, Information Technology, Biotechnology and Science & Technology.
According to officials, this collaboration is aligned with Karnataka’s Global Innovation Alliances (GIA) initiative, which seeks to build international partnerships to promote knowledge-sharing and accelerate innovation across borders.