On the occasion of National Start-up Day, MVIRDC World Trade Center Mumbai (WTC Mumbai) signed a Memorandum of Understanding (MoU) with the Sardar Patel Technology Business Incubator (SPTBI) to promote global competitiveness of start-ups, MSME units and women entrepreneurs in the country.

Hon’ble Prime Minister Shri Narendra Modi declared in 2021 that January 16 would be observed as National Startup Day to celebrate the Indian startup ecosystem. Startup India Innovation Week will definitely bring the spotlight on our innovators. The year 2023 marks six years of the launch of Government of India’s flagship Startup India Mission and now the government positions ‘Startup India’ as a symbol of Self Reliance and Self Confidence.

WTC Mumbai will leverage its unparallel network of nearly 319 World Trade Centers across 92 countries or regions and its strong ties with diplomatic missions of foreign countries in India to facilitate exchange of business proposals related to trade, investment and technology transfers. Start-ups incubated at the Sardar Patel Technology Business Incubator stand to benefit from more than 60 trade programmes, new age digital exhibition platform wetrade.org and the newly established Center of Excellence at WTC Mumbai.

WTC Mumbai’s flagship programs such as World Trade Week, Global Economic Summit and its real estate facilitates at the premium business center of Mumbai will help start-ups develop new business contacts and gain visibility in the global market.

Speaking on this occasion, Ms. Rupa Naik, Executive Director, MVIRDC WTC Mumbai remarked, “This MoU has set the framework for developing a globally competitive ecosystem for start-ups, MSMEs and women entrepreneurs by drawing upon the strengths of both the organizations.”

In his remarks, Prof. Dr. B. N. Chaudhari, Chairperson, SPTBI Bhavan’s Campus pointed out, “In this age of rapid transformation in technology and market dynamics, both the organizations will help start-ups and MSMEs stay relevant by enabling high-powered business networking through trade missions, delegations, international fairs, exhibitions and other trade events.”

About World Trade Center Mumbai

MVIRDC World Trade Center Mumbai is the realization of the vision of India's statesman Bharat Ratna Sir (Dr.) M. Visvesvaraya, who dreamt of an international trade promotion and industrial research centre in the commercial capital of India.

With a legacy of more than five decades in advancing his vision, WTC Mumbai continues its pursuit of excellence in trade infrastructure and support services through four pillars, viz. trade research, trade promotion, trade education and trade infrastructure management. The Center supports MSMEs, women entrepreneurs and start-up enterprises to make global strategic alliances, find new partners and markets through its unparalleled global network of WTCs and trade partners across more than 90 countries. For more information, visit www.wtcmumbai.org.

About Sardar Patel Technology Business Incubator

Sardar Patel Technology Business Incubator was founded in 2015 by Bharatiya Vidya Bhavan's Sardar Patel Institute of Technology to encourage and assist brave entrepreneurs in developing outstanding future Technology Ventures. The organisation, which is supported by the Department of Science and Technology, Government of India, has so far incubated more than 120 start-ups and created at least 650 jobs. The mission of the Incubator is to generate more than 10,000 jobs through 500 new ventures by 2026.