You are here: Home » PTI Stories » National » News
Business Standard

Indian startup among three to sign MoUs with Amaravati developers

Press Trust of India  |  Singapore 

An Indian company is among three startups that have signed a memorandum of understanding with the government, to offer solutions for the development of Amaravati, the state's new capital.

UrbanStack is among the winners of the Pitch Competition, results of which were announced by the and governments at the World Cities Summit 2018 here.

The startup is an integrated data sharing platform that collects urban movement data for early intervention and policy making with the mobility patterns that emerge, said the (MTI) in a statement yesterday.

startups, and SpaceAge Labs, also signed the MoUs with the APCRDA.

The Pitch Competition allows startups and Small and Medium Enterprises (SMEs) the opportunity to pitch innovative solutions to create liveable and sustainable 21st century cities.

The competition is one of the initiatives under the Innovation Corridor which was established by the and governments to discover, pilot and scale innovative in the development of city.

Through this, the will have wider access to from Singapore and around the world, the said.

Singapore companies will also have the opportunity to pilot and scale their solutions for use in Amravati, it added.

Both the Governments of Singapore and Andhra Pradesh look forward to more of such innovative solutions through future collaborations, said the Ministry.

The Innovation Corridor has helped startups and SMEs gain greater access to resources and linked them to governments and educational institutions, thereby growing the startup ecosystem, said the

The is part of the group of public and private sectors' and consultants which have done masterplan for Amaravati development.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 15:40 IST