Incubator to help MSMEs tackle tech challenges

The Goa State Industries Association (GSIA) has joined with Forum for Innovation Incubation Research & Entrepreneurship (FiiRE), which is a technology business incubator, in order to indicate the industry challenges and introduce tech innovation,
The two parties signed a memorandum of understanding (MoU) on Friday at the Don Bosco College of Engineering, Fatorda.

“As part of the agreement, GSIA will identify problem statements from industry members, which could be solved with the help of the vibrant Goan startup ecosystem,” said GSIA president Damodar Kochkar. Director of Don Bosco College of Engineering, Fr Kinley D’Cruz, signed the agreement on behalf of FiiRE.

“FiiRE will identify, source and manage the problem statements along with the startups who wish to tackle these challenges. GSIA has also promised to provide match-making and introduction to mentors from various industrial verticals,” stated Kochkar.
The collaborative relationship will ensure that Goa’s industrial units receive timely support from startups while collaboration with the industry will help the startup ecosystem.

Kochkar added that “This will provide an opportunity to more talent to help resolve critical industry-related problems, validate solutions and identify technology solutions that fit Goa’s micro small and medium enterprises (MSME)."
According to Kochkar the MoU will be in effect for as long as required; also it will be reviewed every two years.