The trade body of Indian IT firms NASSCOM has signed an MoU with Facebook to build a product design initiative to engage the country’s young entrepreneurs into becoming problem solvers and solution builders. Signed in Silicon Valley, the NASSCOM-Facebook initiative is likely to propel innovative thinking and approaches to build solutions in key sectors where technology can play a transformational role.

With this initiative, NASSCOM plans to scale up the focus on product design and engage the young entrepreneurs into becoming problem solvers and solution builders.

Did You Know?

• Silicon Valley is a nickname for the southern portion of the San Francisco Bay Area, which is located in part of the U.S. state ofCalifornia known as Northern California.
• It is home to many of the world’s largest high-tech corporations and thousands of startup companies.
• Geographically, it encompasses all of the Santa Clara Valley, the southern half of the San Francisco Peninsula, and southern portions of the East Bay.
• It includes parts or most of Santa Clara County, San Mateo County, and Alameda County.
• San Jose is considered to be the Capital of Silicon Valley.
• Silicon Valley is a leading hub and startup ecosystem for high-tech innovation and development, accounting for one-third of all of the venture capital investment in the United States.