MG Motor India, along with the consortium members, is back with the third season of the MG Developer Program & Grant – the annual flagship innovation program, supported by Startup India and Invest India. The initiative aims to encourage tech start-ups to build new, technologically advanced applications and experiences to strengthen India’s mobility space.
The theme for Season 3.0 of MG Developer Program & Grant is centered on Car as a Platform (CaaP), a future of mobility conceptthat makes cars safer and smarter. To further propagate this new-age innovation, MG Motor India has also unveiledan in-depth white paper on CaaP to illustrate the game-changing applications of this futuristic technology. The consortium partners are Jio, SAP, Adobe, KoineArth, L&T Technology Services, MapmyIndia, and Bosch amongst others.
Rajeev Chaba, President and Managing Director, MG Motor India said, “At MG, we strongly believe that collaboration is the key to disruption. We had previously partnered with various startups resulting in successful stories. We believe CaaP has the potential to redefine mobility. Therefore, in MG Developer Program & Grant 3.0 we are inviting all industry stakeholders to contribute towards developing this revolutionary concept. “
Mr. Deepak Bagla – MD & CEO Invest India said, “India is the 4th largest vehicle market in the world and is expected to be the world’s third-largest automotive market in terms of volume by 2026. This program is a crucial step towards nurturing innovation in India’s automobile sector, for continued strength in the global economy.”
Start-up India and Invest India are government-backed initiatives to empower start-ups for simplification & handholding, funding support, and incentives. It also helps investors looking for investment opportunities and options in India.
MG is inviting participation from start-ups, developers, or individuals under three categories: Utility (location tracking, GPS navigation, search, payment), Security (car and driver analytics), and Entertainment (games, music, etc.). In its first two seasons of MGDP, the automaker had interacted with over 500 start-ups.
About Invest India
Invest India, set up in 2009, is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.
As the national investment promotion and facilitation agency, Invest India focuses on sector-specific investor targeting and the development of new partnerships to enable sustainable investments in India. In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organisations. Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion, and facilitation areas.