Telangana Information Technology Association (TITA) inaugurated Telangana Innovation and Incubation Center (TIIC) in Hyderabad on Thursday. The inauguration of the first Techno Rural Startup Incubation Center took place at Rajiv Gandhi University of Knowledge Technologies IIIT Basar campus, a release said.
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The Vice Chancellor Sirasani Sathyanarayana and TITA Global President Sundeep Kumar Makthala together inaugurated the centre.
“The TIIC will enable and support all the students of IIIT and youth around the village to transform their potential ideas into startups, it will support in the form of mentoring, funding, ideation, and knowledge support,” TITA said.
IIIT Basara and TITA had signed an MoU to support creating the startup ecosystem in IIIT Basar, entrepreneurship with business plans along with the prototype infrastructure.
Japan-based SafeTraceHub, multimedia firm Prism Multimedia, and the US-based Adsidious have shown interest and given consent to extend their services in TIIC.
IIIT and TITA, through TIIC, would be working partners in major projects undertaken by the Government of Telangana as well as the Central government.
“TITA is planning to establish Telangana Incubation and Innovation Centers in all the universities and colleges across Telangana to encourage new startups at college level,” TITA President Makthala said.
“The mandate of TIIC would be to generate a free flow of ideas and their implementation, in both directions of the constituent partners – RGUKT and TITA. The TIIC would help students to generate startups resulting from selected ideas. These start-ups would lead to generating more employment opportunities for the rural youth of the region,” it said.
While the technical and legal support for the TIIC would be provided by TITA and its recognised channel partners, Rajiv Gandhi University of Knowledge Technologies (RGUKT) would provide the requisite infrastructure support – like working spaces, electricity, water, networking, bandwidth etc.
“The work at TIIC would be selectively permitted to be utilised as a part of the mandatory project work for students, under the guidance of recognised faculty of RGUKT and TITA experts. It was also agreed that a steering committee would be set up comprising of members from TITA as well as faculty of RGUKT…,” said IIIT Basar Vice Chancellor Sathyanarayana.
In TIIC, start-ups can be established in digital media, IOT, solar energy, smart cities, telecom services, mobile technologies, cloud analytics, healthcare, robotics, learning management system, artificial intelligence etc, it added.