Hyderabad: Emergent tech business incubator SR Innovation Exchange (SRiX) based in Warangal and Cranfield University (UK) have signed a collaborative agreement to provide British and Indian startup entrepreneurs access to new business development and academic expertise.
Under the collaborative deal, a 10-week programme is being developed with Indian startup companies mentored in the UK by Cranfield academicians. Both organisations aim to leverage experience in industry partnerships, applied research projects, business education and entrepreneurial development programmes.
The partnership extends knowledge exchange between experts from Cranfield visiting SRiX to conduct learning sessions focused on manufacturing excellence. Cranfield will also support SRiX to design innovation programmes for corporate clients in the manufacturing sector.
Sreedevi Devireddy, CEO, SR Innovation Exchange, said, “Together with Cranfield we will create programmes to benefit both British and Indian entrepreneurs, and help enterprises gain access to international education and business development expertise. This is part of our strategic steps to build partnerships and leverage globally known academia and industry leader’s knowledge to help SRiX incubatee grow.”
SRiX will also play the role of an anchor organisation for Cranfield University’s initiatives in Telangana. Such partnerships have the potential to lead to many positive network effects, which make a useful building block for nurturing entrepreneurial ecosystem in tier-2 cities, Sreedevi added.
Professor Simon Pollard, pro-vice-chancellor (International) at Cranfield University, said, “We are looking forward to working with SRiX to create innovative programmes that benefit both of our institutions and our clients. Cranfield has a proud tradition of collaborating with Indian academia, industry and government. This agreement will further enhance our strong links in India and will enable to share our academic expertise, particularly within the manufacturing sector.”
Launched in Warangal city in Telangana in March 2018 and founded by A Varadha Reddy and A Madhukar Reddy of the SR Education group (Warangal), SRiX is supported by the Department of Science & Technology, Government of India.
Less than a year old, SRiX is host to 24 startups from across the country, building innovative products using hardware and software technologies such as internet of things, artificial intelligence, virtual reality / augmented reality and data analytics. SRiX focuses in strategic areas of agriculture, healthcare, environment and education. The centre is equipped with internet of things and electronic system design & manufacturing Centre of Excellence, MakerSpace, 3D prototyping zone, fabrication zone, artificial intelligence and machine learning software innovation lab.