Ansys Software and PSG Science & Technology Entrepreneurial Park (PSG-STEP) have inked a Memorandum of Understanding (MoU) to provide cutting-edge simulation solutions in India to incubatees with startup ambitions. Through this strategic partnership, PSG-STEP will also establish the “Ansys Simulation Center of Excellence,” which will give MSMEs and early-stage technological companies access to cutting-edge simulation tools and other resources.
Ansys engineering simulation software has been empowering innovators in various industries to push limits through the predictive power of simulation for over 50 years. Engineers, businesspeople, researchers, and scholars can tackle difficult technical problems economically with the help of Ansys software tools. Automotive, aerospace, healthcare, high-tech, defense, and other industries have all made use of the software tools.
In industries like software, electronics, high-tech mechanical products, eco-friendly textiles, biotechnology, and nanotechnology, PSG Science & Technology Entrepreneurial Park has served as a center for the development of technology-based businesses. PSG-STEP will now offer an improved ecosystem for innovation and entrepreneurship through its collaboration with Ansys, assisting companies in expediting engineering projects. The benefits of this program will be extended to a larger population by the recently formed Ansys Simulation Center of Excellence at PSG-STEP, which will offer experience and ready knowledge to startups and MSMEs in the area.
As part of this partnership with Ansys, carefully chosen PSG-STEP Incubatees—early-stage technology-based ventures within the PSG-STEP ecosystem—will receive full support, including networking opportunities, mentorship, and access to cutting-edge infrastructure to accelerate their growth. The Incubatees will gain from close cooperation with the incubation center, which will promote innovation and entrepreneurial excellence, since they are essential members of the PSG-STEP community.
Key Comments
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.”
Dr. K Prakasan, Principal, PSG College of Technology & Vice Chairman, PSG -STEP, said about the MoU, “This collaboration with Ansys is a game-changer for incubatees and MSMEs that are incubated at PSG-STEP. By providing access to this cutting-edge simulation technology, PSG-STEP can foster a new wave of innovation that will fast-track the growth of the entire entrepreneurial ecosystem. This partnership will play a key role in creating a thriving ecosystem of innovators and technology ventures.”
