Mumbai: 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 and Japan, Ansys.