TCS plans to launch Pace Port Paris; a Co-Innovation and Advanced Research Center

16 Jun 2022 , 01:21 PM

Tata Consultancy Limited (TCS) plans to launch TCS Pace Port Paris, an advanced research and co-innovation center, right at the heart of Paris’ business district in October 2022.

The company made the announcement at Europe’s biggest technology and startup event, Viva Technology. The event took place from June 15 to June 18, 2022, in Paris and online worldwide.

Pace Port Paris will help French companies bring innovation to life faster using the latest advances in technology and through collaborations with local startups, entrepreneurs, and academia and by tapping into TCS’ global network of Pace Ports across Amsterdam, Pittsburgh, New York, Toronto and Tokyo.

The centre will also facilitate rapid prototyping capabilities with the main focus on building greater futures by finding and creating sustainable solutions.

This will be the sixth global co-innovation hub launched by TCS. It is designed for companies in a wide range of industries and specializes in energy transition innovation as well as life sciences, manufacturing, utilities, and digital engineering.

This center will provide enterprises with new ways through which they can tap into the Internet of Things and the latest advances in Artificial Intelligence from TCS Research. Additionally, TCS’ Co-Innovation Network (COIN) brings in innovative ideas from the start-up, research, and academic worlds that can be used to build customized solutions. The COIN network helps startups in getting direct access to TCS’ clients, along with introductions to affiliated venture capitalists, angel investors, and corporate venture capital.

At around 1.25 PM, TCS was trading at Rs3,169 down by Rs37.8 or 1.18% from its previous closing of Rs3,206.80 on the BSE.