Ansys and PSG-STEP Collaborate to Advance Engineering Innovation

Press Release, 15 October 2024

PSG Science & Technology Entrepreneurial Park
(PSG-STEP), a leading technology incubator supported by the Department of
Science & Technology, Government of India, has signed a Memorandum of
Understanding (MoU) with https://www.ansys.com/, a global leader in
engineering simulation software, to empower incubatees with startup aspirations by
providing advanced simulation solutions in India. This tactical collaboration will also
mark the ‘Ansys Simulation Center of Excellence’ set-up at PSG-STEP, providing
early-stage technology ventures and MSMEs access to advanced simulation tools
and other resources.

Mike Yeager, Area Vice President, India and Japan at Ansys said, “Ansys is
committed to working with the ecosystem to develop expertise that will accelerate
the Make in India vision. Through our software tools and expertise, we have helped
startups, technology ventures, and organizations of all sizes globally to progress
from ideation to a market-ready product. Our collaboration with PSG-STEP will
further support the next generation of innovators in India to help them bring their
ideas to the market faster and at a reduced cost.”

Murali Pullela, Director of Sales at Ansys said about the MoU, “This collaboration
with PSG-STEP marks an important milestone for making advanced simulation
technology accessible to incubatees. The Ansys Simulation Center of Excellence at
PSG-STEP will drive innovation and cultivate a culture of engineering excellence.
This partnership will empower budding entrepreneurs to accelerate product
development, reduce costs, and bring groundbreaking solutions to market faster.
Ultimately, it will bolster India’s growing technology ecosystem.”

For more than 50 years, Ansys engineering simulation software has enabled
innovators across industries to push boundaries using the predictive power of
simulation. Ansys software tools enable engineers, entrepreneurs, researchers, and
academics to address complex engineering challenges cost-effectively. The software
tools have been used across industries, including automotive, aerospace,
healthcare, high tech, defense, and more.

Dr. K Prakasan, Principal, PSG College of Technology & Vice Chairman, PSG –
STEP, said about the MoU, “PSG-STEP has been a hub for fostering technology-based enterprises in domains such as software, electronic products, hi-tech mechanical products, eco-friendly
textiles, biotechnology, and nanotechnology. Through its partnership with Ansys,
PSG-STEP will now provide an enhanced ecosystem for innovation and
entrepreneurship, helping startups accelerate engineering projects. The newly
established Ansys Simulation Center of Excellence at PSG-STEP will extend the
benefits of this program to a wider group, providing expertise and ready knowledge
for startups and MSMEs in the region.”

Carefully selected PSG-STEP Incubatees, which are early-stage technology-based
ventures within the PSG-STEP ecosystem, will receive comprehensive support,
including mentorship, access to state-of-the-art infrastructure, and networking
opportunities to accelerate their growth as a part of this partnership with Ansys. As
integral members of the PSG-STEP community, the Incubatees will benefit from
close collaboration with the incubation center, fostering innovation and
entrepreneurial excellence.