Panaji: In a bid to address industry challenges and introduce tech innovation, the Goa State Industries Association (GSIA) has tied up with Forum for Innovation Incubation Research & Entrepreneurship (FiiRE), a technology business incubator.

The two entities inked 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,” said 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.

“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),” said Kochkar.

Kochkar said that the MoU will be in effect for as long as required, and will be reviewed every two years.

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