OPPO Partners with T-Hub, inks MoU to support the startup ecosystem in India
CEO Insights team, Press Release
The selected startups will receive incubation support from OPPO along with technical mentorshipandaccess to new markets. T-Hub will bring its vast experience and expertise in running various programs and will provide the startups with the right mentorship and exposure to the domestic and global incubation and innovation ecosystems.
This partnershipwill further reinforce OPPO’s longstanding commitment to strengthen the startup ecosystem in India and bolster a culture of entrepreneurship. These startups would be selected based on the innovativeprototypes and strategic fitment with OPPO products which has the potential to accelerate.
On the sidelines of the MoU signing, Mr. TasleemArif, Vice President, and Head R&D, OPPO India said “We are excited to collaborate with T-Hub Foundation. This collaboration is in line with our vision to strengthen the startup community and the overall development of the country. The startup community in India has pushed all boundaries of innovation and are going at light speed to make a difference. OPPO India recognizes that innovation and entrepreneurship are key pillars for the overall growth of the economy. This collaboration is another step which lines with our endeavor to provide impetus to startups, and for them to develop innovative solutions and products. We are also hopeful that this collaboration would accelerate the development of indigenous and localized offerings.”
OPPO India aims to provide impetus to the Government’s Startup India program and explore the potential of Indian Startups to develop customer-centric innovations
Ravi Narayan, CEO, T-Hub, said, “It is expected that by the end of 2020, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion. According to GSMA, India alone is expected to have over 88 million 5G connections. It is not new that India’s vibrant startup ecosystem has already started disrupting the 5G space. Their innovative solutions using emerging technologies such as AR/VR, AI, System Performance, will soon direct the 5G show with their unique ideas and approaches. The cutting-edge startups and their technologies will be the driver of competitive advantage and creative disruption in the telecom industry. To fuel this growth, T-Hub is collaborating with OPPO India in multiple ways to nurture and support their solutions and bolster the startup and innovation ecosystem”.
Over the years, the Telangana government has been able to attract global corporate US giants like Google, Microsoft, Facebook, Deloitte and Amazon, amongst others, to set up their offices in India. Through T-Hub’s effort to build an innovation ecosystem for the country, the state has been successfully driving collaborations with many such corporates, international government bodies and startups, thus also contributing to the growth index across other ecosystems in different geographies. T-Hub’s new partnership with OPPO India will create a variety of opportunities for startups to receive national and international exposure.
OPPO India aims to provide impetus to the Government’s Startup India program and explore the potential of Indian Startups’ to develop customer-centric innovations
Earlier this year, OPPO signed MOU with IIT Hyderabad, to promote collaborative research in the field of science and technology. Additionally, similar MoUswere signed with the Government of Telangana & Kerala Startup Mission (KSUM) that were signed last year.