City's innovation centres put India among top 5

City's innovation centres put India among top 5

City's innovation centres put India among top 5

India figures among the top five countries with innovation centres, with Bengaluru housing most of them.

A report titled ‘Ditigital Dynases: The Rise of Innovation Empires Worldwide’, published by global outsourcing company Capgemini on Thursday, states that India is becoming a new innovation destination, doubling the number of innovation centres since July 2015 and seeing brands like Apple, Airbus and Visa opening facilities here.
“India has seen a significant increase in the number of innovation centres, often centred on Bengaluru, which some have dubbed the Silicon Valley of India,” states the report. Bengaluru has been the most favoured city as it houses half of the total eight innovations centres opened in the country. 

Interacting with DH, co-author of the report Amol Khadikar said there is an eastward movement of innovation globally and the FinTech space remains the mainstay of these innovations in Bengaluru.  “The new innovation centres opened in the city are Airbus’ BizLab, Visa and Arista Networks. The city has the advantage of having many startup accelerators and other incubation centres to drive innovation,” said Khadikar.
 It is estimated that $9 billion was invested in startups in India in 2015. Other cities like Mumbai and Delhi also got innovation centres like food ingredient company Puratos and manufacturer of engineered products TriMas Corporation respectively. The other cities which drive innovation are Silicon Valley, London, Paris and Singapore. 

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