Schedule a Call Back
Ansys & IIT Bombay’s SINE Collaborate to support tech startups
Industry News- Jun 11,24
Ansys will provide an evaluation or trial license for three months to the startups associated with SINE and will support them for the same.
The Society For Innovation & Entrepreneurship (SINE), a technology business incubator set up in 2004 at the Indian Institute of Technology, Bombay, to promote innovation and technology-based entrepreneurship, is collaborating with Ansys Software Private Limited (Ansys, NASDAQ: ANSS) in India, leading engineering simulation software company, to provide support for technology startups. As a part of the Ansys Startup Program, Ansys and SINE have signed an MoU to solidify their collaboration. As per the terms of the MoU, Ansys will conduct events in association with SINE to support the success of engineering hardware startups and also provide evaluation/trial license for three months to the startups associated with 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 & Japan, Ansys.
The Ansys Startup Program provides early-stage startups with access to multiphysics simulation software coupled with high-performance computing to help them tackle their engineering challenges quickly and cost-effectively. Since its inception, over 2,100 startups from 58 countries have joined the program, spanning the autonomous, high-tech, energy, aerospace and defence, automotive, communications, healthcare, and other industries.
“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.
SINE is an umbrella organisation at IIT Bombay. It actively collaborates with industry and corporations through its various programs, including the ideation to prototyping support, entrepreneur fellowship program, cross-border program, and scale-up support for hardware and system startups, such as the Plugin accelerator program.
“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 Shaji Varghese, CEO, SINE, IIT Bombay.
With Ansys’ multiphysics simulation software, SINE gets the much-needed technological push to promote innovation and entrepreneurship. Startups associated with SINE can benefit from using Ansys’ engineering simulation to accelerate and evaluate product design and development, thereby fast-tracking their time-to-market and improving their cost-effectiveness.
Society For Innovation & Entrepreneurship
SINE
Indian Institute of Technology Bombay
Ansys Software Private Limited
engineering simulation software company
India
MoU
Mike Yeager
Murali Pullela
Shaji Varghese
Related Stories
Electrical & Electronics
Semiconductors are at the heart of every electronics device today: Satya Gupta
Electronics manufacturing has taken off in a big way in India over the last 10-15 years.
Read moreOther Industrial Products
15th Cement EXPO: A Step Forward in Cement Innovation
Cement EXPO 2025, which will be held along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, promises to be bigger, drawing in greater participation, fostering m..
Read moreMachine Tools & Accessories
Surface Modification Technologies aims for global expansion: Dr Umesh Mhatre
In this interview, Dr Umesh Mhatre, MD, Surface Modification Technologies Pvt Ltd, highlights his company’s contribution to the growth of manufacturing sector and plans for IMTEX 2025 exhibition.
Read moreRelated Products
Standard Series Stations and Enclosures
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Esbee
Industrial Combines/Esbee Electrotech LLP offers standard series stations and
enclosures.
Fire Alarm
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Safe Zone is prominent traders and suppliers of the industry, offering a wide range of wireless fire alarm.
Read more
Sorting Automation Systems
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Renovus Vision Automation offers sorting automation systems.
Read morelatest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
