A Co-Innovation Hub to serve as an accelerator, hosting and incubating startups, as well as to help enterprises reshape their business processes will come up at the IIIT-Hyderabad.
The facility is being set up jointly by Pramati Technologies and IIIT-Hyderabad. An MoU for the Innovation Hub was signed by Pramati Founder and CEO Jay Pullur and Director of the International Institute of Information Technology Hyderabad P.Y. Narayanan, a release said.
The Hub will App-prototype the selected startups’ ideas and further evolve them into a full solution using FastApps, a three-month startup accelerator programme initiated by Pramati and hosted by IIIT-H co-innovation cell. The objective is to play the role of technology partner to rapidly prototype and bring their ideas to market, in a matter of days. For existing enterprises who want to reimagine their business processes, the Hub would explore new ways of collaboration and agility. Towards this, workshops will be conducted for enterprises.
According to the release, IIIT-H will lead efforts to reach out to startups and shortlist them, besides inviting investor community to demo sessions. Startups will get access to full support services from IIIT-Hyderabad. For the process innovation initiative, Pramati and IIIT-Hyderabad will jointly conduct custom-workshops for enterprises.
Prof. Narayanan said that corporate partnerships helped harness a lot of industry expertise and guidance to the students of the Institute.
“With the startup culture booming in India, Pramati’s guidance would be invaluable to some of our bright minds”.
“Innovation is a messy, painstaking yet inspiring cultural transformation,” Mr. Pullur said.
