Vedanta Spark, a global corporate innovation, accelerator
& ventures program by Vedanta Group to promote tech start-ups, announced its collaboration with
Ministry of Electronics & Information Technology (MeitY) and Nasscom’s Centre of Excellence (CoE)
- IoT & AI, to accelerate the adoption of digital technologies led innovations.
The Vedanta Spark program aims to accelerate startups leveraging transformative & sustainable
technologies to create large-scale impact in partnership with the Vedanta group companies and has
already engaged 80 start-ups for more than 120 projects so far. The Nasscom CoE is known for its
successful technology enablement accelerating the innovation requirements of large and mid-size
businesses in the fields of healthcare and well-being, process, manufacturing, etc.
Ms. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited & Non-Executive Director,
Vedanta Limited, said, “Vedanta’s engagement with MeitY-Nasscom CoE will enable innovative
startups to demonstrate & develop their products in our unique ecosystem. Vedanta Spark looks
forward to bringing in value delivery across our operations with the goal of utilizing emerging
technologies to find solutions that will contribute to long-term environmental, social, and economic
This partnership will explore the potential application of emerging technologies like Artificial
Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Augmented Reality (AR) /
Virtual Reality (VR), among others, across different verticals of Vedanta Group. The collaboration
with Nasscom CoE will also help the team at Vedanta Spark to optimize enterprise-level initiatives
and processes. There is a vast pool of innovative companies through CoE that specialize in cloud
infra optimisation, UAV-based solutions, data-based predictive approaches, and solutions capable
of addressing specific problem statements related to enterprise concerns in real time.
“Digital-first and innovation-led approach has become a top priority for businesses today. Our
partnership with Vedanta Spark is aimed at unlocking a new wave of innovation and business growth
to address both the present and future needs of the customer. The partnership will support the
development of cutting-edge technologies that will lead to interesting use cases across the mining,
oil and gas sector. Nasscom CoE is actively working towards supporting an innovation ecosystem
that includes start-ups, enterprises & academia to take forward the agenda of digitalization and
creating the valuable insights that will help the industry and their consumers”, said Mr. Sanjeev
Malhotra, CEO, MeitY-nasscom CoE.
The MoU was exchanged between Mr Sanjeev Malhotra, CEO, Nasscom Centre of Excellence for IoT
and AI and Mr. Amitesh Sinha Head – Corporate Venture Capital & Vedanta Spark, Vedanta Limited.
Both teams committed to implement an agenda that will address the needs and work on the
roadmap for the future technology sectors.