In a significant development aimed at nurturing the deep-tech entrepreneurial ecosystem in India, the IIT Hyderabad Technology Incubation Centre (iTIC) and Ansys have entered into a strategic partnership. This collaboration, formalised through a Memorandum of Understanding (MOU), is set to provide a substantial boost to technology startups by offering them access to advanced simulation tools and technical mentoring.
Through this alliance, Ansys commits to empowering the startups incubated at iTIC by providing them with access to its state-of-the-art Multiphysics simulation software and high-performance computing resources at startup-friendly pricing. This initiative is part of Ansys' broader Startup Program, which aims to democratise access to advanced engineering tools, enabling startups to tackle complex design and engineering challenges effectively.
This guidance is invaluable for early-stage companies looking to refine their products and accelerate their development cycles. Moreover, these startups will have the opportunity to delve into Ansys’ extensive learning resources to enhance their technical prowess.
Mike Yeager, Area Vice President of Sales for India and Japan at Ansys, highlighted the company's enthusiasm for the partnership, underscoring its commitment to fostering innovation and supporting India's burgeoning tech startup ecosystem. This collaboration aligns with Ansys' mission to drive engineering excellence and innovation across the globe.
Dr S Surya Kumar, Vice-President of the iTIC Foundation, echoed this sentiment, noting that the partnership aligns perfectly with iTIC's mission to incubate and accelerate deep-tech startups in India. By providing access to Ansys' simulation tools, iTIC is enabling these startups to transition from ideation to realisation, thereby contributing to a dynamic and thriving technological innovation landscape in India.
The iTIC Incubator is renowned for its stage-wise intervention approach, which helps nurture startups at various phases of their growth journey. By partnering with Ansys, iTIC is enhancing its support framework, offering startups a comprehensive platform to innovate, scale, and transform their ideas into successful business ventures.
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