| |MAY 20269TECH MINTDeeptechStrategic PartnershipThe Indian Institute of Technology Madras Global Research Foundation has announced the launch of its first centre in the US, ex-panding India's footprint in global deep-tech innovation ecosystems. The centre in Menlo Park, inaugurated on April 24, was announced during the SelectUSA Investment Summit at National Harbor. Located close to Silicon Valley, the IITM Centre aims to help Indian deep-tech startups access global fund-ing, mentorship, collaborations, and international markets.The facility will focus on deep-tech research, commercialization, startup incubation, and industry-academia partnerships, while also enabling venture support to scale high-potential innovations globally. The initiative is expected to strengthen India-US technology collaboration and accelerate emerging innovation ecosystems worldwide while creating opportunities for research partnerships, investment flows, and technology commercialization initiatives globally. WebEngage has partnered with India Shelter to strengthen its digital cus-tomer experience through advanced real-time engagement capabilities. The collaboration aims to streamline leadmanagement, improve responsiveness, and enhance conversion rates across operations. At the core of the initiative is a real-time engagement framework that enables India Shelter to interact with customers at critical stages of their journey through lifecycle-based communication.The partnership has already delivered measur-able outcomes such as faster response times, im-Expanding at a rate of 5.1 percent, the technol-ogy sector in India contributed an additional $13.8 billion in revenue, elevating the indus-try's total earnings to over $282.6 billion (in-clusive of Hardware) for the fiscal year 2025, accord-ing to NAASCOM's Annual Strategic Review 2025. Although the adoption of AI overall is progressing at a cautious pace, over 55 percent of AI initiatives undertaken by Indian tech service firms are concentrated on forming enduring co-creation partnerships to design scalable, future-ready AI solutions. Significantly, more than 90 percent of the top 20 service companies are incorporating AI, Cloud, Data, and GenAI into their business operations, with 10-15 percent of enterprise GenAI proof-of-concepts advancing to full-scale production. IIT-MADRAS LAUNCHES US HUB TO BACK DEEPTECH STARTUPSWEBENGAGE AND INDIA SHELTER TO BOLSTER DIGITAL CONVERSION FUNNELSTATISTIC IN FOCUS proved first interactions, and higher engage-ment efficiency through stage-specific communication. Improved coordination be-tween marketing and sales teams has also strengthened the execution, while enhanced vis-ibility across the customer journey is enabling more agile, data-driven decision-making and better operational efficiency across business functions and customer engagement channels nationwide recently.
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