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NASSCOM signed MoU with MIDAS & MAG to Set Up 1st launch Pad

Published on July 01, 2023
Current Context: Nasscom has signed a memorandum of understanding (MoU) with MIDAS (Manchester’s Inward Investment Agency) and MAG (Manchester Airports Groups) to promote innovation, investment, and technological exchange between Greater Manchester, the UK, and India.
NASSCOM signed MoU with MIDAS & MAG to Set Up 1st launch Pad
  • This MoU will lead to the establishment of the first Nasscom launchpad in the UK, following its success in Canada.
  • The companies will also be assisted with eco-system connects, introductions across stakeholders, and other hand-holding mechanisms to aid in “Faster Go-To-Market”.
  • Nasscom will actively promote the proposition among its membership base. About seven Indian companies will be setting up their operations in the first phase of this pilot project.
  • This is a positive demonstration to facilitate trade ties between the UK and India, especially when the two countries are at an advanced stage of FTA negotiations.

Question:

Q.1 What is the name of the program that Nasscom will establish in the UK, following its success in Canada?
a. Nasscom incubator
b. Nasscom accelerator
c. Nasscom launchpad
d. Nasscom hub
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