Ansys Software Private Limited in India is working with the Society For Innovation & Entrepreneurship (SINE), a technology business incubator founded in 2004 at the Indian Institute of Technology, Bombay, to foster innovation and technology-based entrepreneurship, to support technology startups under Ansys Startup Program.
Ansys and SINE have formalized their cooperation through the signing of an MOU as part of the Ansys Startup Program.
In accordance with the conditions of the Memorandum of Understanding, Ansys will work with SINE to organize events that will help engineering hardware companies succeed. Additionally, Ansys will grant three months of evaluation/trial license to the startups that are part of SINE.
“Startups in India, especially engineering hardware startups, have immense potential to compete globally. Simulation technology is a key enabler for startups to help them demonstrate product competitiveness which is a key challenge they face. The Ansys Startup Program has supported several global startups to accelerate innovation at a competitive cost and to help secure additional funding for future projects. Ansys provides early-stage startups access to multiphysics simulation software, further supported by our deep expertise in solving complex problems. We are thrilled to announce our partnership with SINE, IIT Bombay, wherein we can contribute to SINE’s efforts in providing complete incubation and acceleration support for technology startups.” said Mike Yeager, Area Vice President, India and Japan, Ansys.
With the aid of high-performance computers and multiphysics simulation tools, early-stage entrepreneurs may more efficiently and economically address their technical problems thanks to the Ansys Startup Program.
More than 2,100 entrepreneurs from 58 different countries have joined the program since its launch, representing a variety of industries including autonomous, high-tech, energy, automotive, communications, aerospace and defense, and healthcare.
“Ansys has been working with early-stage startups with limited funding and resources towards making their big dreams a reality, and we are happy to collaborate with SINE IIT Bombay. This partnership echoes our commitment to fostering innovation and supporting technology startups in India. Ansys’ Startup Program aims to empower emerging engineering hardware startups by providing them access to our cutting-edge simulation software and resources. Together with SINE, we look forward to encouraging the next generation of technological pioneers and driving impactful advancements.” said Murali Pullela, Sales Director, Ansys.
At IIT Bombay, SINE serves as an umbrella organization. Through its many programs—which include the ideation to prototype assistance, entrepreneur fellowship program, cross-border program, and scale-up support for hardware and system companies, such as the Plugin accelerator program—it actively engages with industry and businesses.
“Early-stage startup organisations face significant challenges in realising their dreams. At SINE, we strive to support startups by providing them with infrastructure support, access to high-end labs, market, and funding support. Startups supported by SINE have the need to access high-end tools and software that aid in prototype and product development. Ansys is committed to helping solve engineering challenges with right kind of tools & software, thereby boosting their chance to succeed.” said Mr. Shaji Varghese, CEO, SINE IIT Bombay.
SINE receives the much-needed technology boost to encourage innovation and entrepreneurship from Ansys’ multiphysics simulation software. Ansys’ engineering simulation may help startups connected to SINE expedite and assess product design and development, ultimately reducing time-to-market and increasing cost-effectiveness.
