Hyderabad, March 19, 2024: IIT Hyderabad Technology Incubation Center (iTIC) an incubator under the aegis of the Indian Institute of Technology Hyderabad (IITH) and Ansys Software Private Limited, have signed a Memorandum of Understanding under which Ansys will provide Multiphysics simulation software and HPC at affordable prices to facilitate quick and cost-effective engineering projects.
“Ansys is excited about the collaboration with IIT Hyderabad’s iTIC Incubator. This partnership emphasizes our unwavering commitment to fostering innovation and empowering technology startups in India. Through this alliance, Ansys is dedicated to providing crucial resources for IITH Startup Companies. Moreover, done at a startup price point, this catalyzes technological advancements, supporting the vibrant entrepreneurial ecosystem within the country. We look forward to playing a pivotal role in the growth journey of these startups. We aim to drive engineering excellence while also contributing to India’s innovation landscape.” said Mike Yeager, Area Vice President of Sales, India and Japan, Ansys.
Technical mentoring, and startup access will be provided for technology startups within the iTIC incubator premises.
“I eagerly anticipate collaborating with Ansys, as it perfectly aligns with iTIC Incubator’s mission to foster Indian startups’ growth. This strategic partnership will undoubtedly propel the innovative journey of our budding entrepreneurs by facilitating access to simulation tools. Ansys’ commitment to providing simulation for IITH Startup Companies resonates with our vision of nurturing startups from ideation to realisation. Moreover, this will contribute towards fostering a thriving technological innovation and growth ecosystem in India.” said Dr. S. Surya Kumar, Vice-President, iTIC Foundation.
With a focus on creating a nurturing environment for technology entrepreneurs, the iTIC Incubator provides stage-wise intervention for startups to grow in the deep-tech entrepreneurial ecosystem. iTIC helps entrepreneurs leverage a premier-quality research and startup ecosystem to build a comprehensive platform to practice innovation and entrepreneurship and turn these entrepreneurial ideas into sustainable, scalable, profit-making business ventures.
“Ansys is happy to collaborate with IIT Hyderabad’s iTIC Incubator leveraging the benefits that are part of our Ansys Startups Program. We work diligently in this program to transform ambitious dreams into tangible realities for fledgling startups facing resource constraints. Ansys provides full access to Multiphysics simulation software and HPC at affordable prices to facilitate quick and cost-effective engineering projects. The program also provides startups access to Ansys’ broad portfolio of bundled and reasonably priced simulation solutions. Moreover, this considerably cuts down on physical prototype tests, reducing time-to-market for these startups. IITH Startup Companies can also access Ansys Learning Hub, classroom, virtual and self-paced programs designed to improve their technical knowledge.” said Murali Pullela, Sales Director, Ansys.
Ansys has developed its Startup Program to offer early-stage startups access to Multiphysics simulation software. It also provides high-performance computing to address engineering challenges efficiently. The program has gained traction globally. Over 2,100 startups from diverse industries have benefited from Ansys solutions since the program’s inception.
