On the momentous occasion of National Science Day, the SSU Innovation Tech Foundation, the inclusive Technology Business Incubator (TBI) of Sri Sri University, was formally inaugurated at Vigyan Bhavan in New Delhi. The prestigious event was graced by the presence of Dr. Jitendra Singh, the Honorable Minister of State (Independent Charge) for the Ministry of Science and Technology and the Ministry of Earth Sciences. This recognition marks a significant milestone for Sri Sri University, as it stands among only ten universities in India to receive this distinguished incubator award.
The establishment of the SSU Innovation Tech Foundation (iTBI) underscores the university’s unwavering commitment to fostering innovation and entrepreneurship. With a strong emphasis on key sectors such as advanced manufacturing, information technology, hardware, and electronics, the incubator is designed to support emerging startups and technological advancements. This initiative is poised to drive substantial progress by offering state-of-the-art infrastructure, expert mentorship, and strategic networking opportunities for aspiring entrepreneurs.
This newly launched incubator represents the second such initiative by Sri Sri University, following the success of its first incubator, which has played a crucial role in shaping the entrepreneurial ecosystem. The inaugural incubator has already nurtured and supported 180 startups, serving over three million customers across various industries. These startups have collectively generated more than 4,000 employment opportunities and achieved an impressive turnover exceeding Rs. 100 crores (approximately USD 11 million). The impact of this initiative highlights the university’s dedication to driving economic growth and fostering technological advancements in India.
By securing a place among the select ten universities honored with this award, Sri Sri University has once again demonstrated its leadership in the realm of innovation and enterprise development. The establishment of iTBI aligns with national priorities aimed at strengthening the startup ecosystem and reinforcing India’s position as a global hub for technology-driven entrepreneurship. This milestone enhances the university’s reputation and serves as a testament to its progressive vision and strategic approach in equipping future leaders with the necessary skills to thrive in the competitive business landscape.
The SSU Innovation Tech Foundation will serve as a catalyst for groundbreaking research and pioneering solutions in critical technological domains. With a focus on fostering collaborations between academia, industry, and government bodies, the incubator aims to bridge the gap between theoretical knowledge and practical application. The initiative is expected to significantly contribute to the nation’s economic and technological development by empowering innovators to transform their ideas into viable business ventures.
Furthermore, the incubator is structured to provide comprehensive support through access to funding, training programs, mentorship from industry experts, and exposure to global markets. These resources will enable startups to scale their operations effectively and contribute meaningfully to India’s industrial and technological advancement. The initiative also aligns with the government’s vision of promoting self-reliance and strengthening the Make in India campaign, which seeks to enhance the country’s manufacturing and technological capabilities.
The success of Sri Sri University’s first incubator has already set a strong precedent, and the launch of iTBI further reinforces the university’s commitment to advancing entrepreneurship and innovation. By leveraging cutting-edge research, fostering a culture of creativity, and providing holistic support to startups, SSU is paving the way for a new generation of innovators who will drive economic and technological transformation in the country.
As the SSU Innovation Tech Foundation embarks on its journey, it is set to create a lasting impact on the startup ecosystem, offering immense opportunities for young entrepreneurs to explore, innovate, and excel. This development marks a defining moment in the university’s pursuit of excellence and underscores its significant role in shaping the future of innovation in India.
