Karnataka Ties Up With Bahrain To Boost AI, Fintech Startup Ecosystem

January 24, 2020


The Bahrain Economic Development Board (EDB) and the Department of Information Technology; Biotechnology; and Science & Technology, Government of Karnataka, on Friday (January 24), signed a Memorandum of Understanding (MoU) to promote cooperation in artificial intelligence (AI), fintech and other emerging technologies to foster innovation and startup growth.


The agreement was signed at the World Economic Forum’s 50th Annual Meeting at Davos. It aims to help build robust fintech, AI, IoT and cybersecurity ecosystems. This means that it plans to enable startups and technology firms to engage in external partnerships with corporates, universities, research institutions, technology experts and government agencies.