SME Times is powered by   
Search News
Just in:   • Markets open on a positive note Wednesday morning  • Paswan interacts with industry on new consumer protection act  • Nelco brings in-flight communication to India  • Taxing retirement income of employees a retrograde step  • 'Listed realty firms log steady sales growth in Q3FY20' 
Last updated: 06 Mar, 2018  

IT.9.Thmb.jpg Technology business incubator launched in Telangana

IT.9.jpg
   Top Stories
» Paswan interacts with industry on new consumer protection act
» Prime Minister Modi visits Hunar Haat
» District committees, Centre to work closely to push skill devt
» Handicrafts exhibitions in various parts of country
» Exports from SEZ achieve $100 bn mark in 2019-20
SME Times News Bureau | 06 Mar, 2018
SR Group on Monday launched technology business incubator SRiX in Telangana's Warangal town.

SRiX (SR Innovation Exchange) has come up over an area of one lakh square feet at SR Engineering College (SREC) campus. The facility is supported by the Department of Science & Technology (DST), Government of India, to accelerate the start-up eco-system.

Inaugurated by Telangana's Information Technology Minister K.T. Rama Rao, SRiX is built for start-ups from all over the country to nurture innovative ideas into successful companies, with a focus on agriculture, clean tech, Internet of Things (IoT), hardware and related cutting-edge technologies.

It is equipped with business-friendly workspaces, IoT workshop, and prototyping facilities. In the first year, SriX will incubate 40 promising start-ups and help them create an impact. In the next five years, SRiX expect to add and create enormous high-value businesses and entrepreneurs.

The Minister stated that SRiX is probably the biggest in a Tier II city. He also said this is the first Incubator that hosts a Maker and Prototype space.

He also commended the SRiX for launching the facility with eight start-ups. He assured that the government will extend all their support for the growth of startups by being the first customer.

SRiX also announced cooperation agreement with Warangal Chapter of The Indus Entrepreneur (TiE) and Kakatiya Angles, who were also launched on Monday.

Harkesh Mittal , Head - Innovation, Entrepreneurship and Tech. Commercialisation, Department of Science and Technology (DST), Government of India, said that the role of DST will be to extend financial and networking support for SRiX.

Varada Reddy, Chairman of SR Group, said the initial focus at SRiX will be in the field of agriculture, manufacturing, management of energy, water and waste, inclusive growth cantered rural empowerment, education, and IoT.

Sreedevi Devireddy, CEO of SRiX, said their goal is to build the largest cluster of high-growth, high-value enterprises.

SRiX Board of Advisors includes Harkesh Mittal, Head - Innovation, Entrepreneurship, and Tech. Commercialisation, DST, GOI; Ravi Tyaagi, MD & CEO, SIDBI Venture Capital Ltd; Dr. Sridhar Condoor, Chairman - Aerospace & Mechanical Engg, St. Louis University, USA; Ashish Despande, Co-founder, Elephant Design; and Ashwin Mehta, Faculty, University of Massachusetts.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Feb, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MSME credit gets a boost (2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter