TechMahindra, SRiX join to launch acceleration programme for startups

21st February 2020
TechMahindra, SRiX join to launch acceleration programme for startups
Venugopal Reddy (Senior Vice President, Global Head Healthcare and Lifesciences at Tech Mahindra) and Sreedevi Devireddy (CEO, SR Innovation Exchange) seal partnership to create Acceleration programme: XELERATE

Hyderabad, February, 21, 2020: SR Innovation Exchange (SRiX),  the technology business incubator of SR Engineering College,  Warangal in partnership with Tech Mahindra has announced, a 3 month Acceleration programme: XELERATE  to  support startups working on niche technologies like Internet of things, Artificial Intelligence and Machine Learning.
Applications are invited from revenue stage startups in Agri-tech and Health-tech   from across the country.  
Says George Mundassery, Global Head - Automation and AI, Tech Mahindra: “Enterprise adoption of Artificial Intelligence is on the rise, and we continue to expand our industry aligned Artificial Intelligence solutions through our TechMNxT charter, where we co-innovate with the larger ecosystem of partners, academia and customers.  We are excited to fast track the business adoption of bright start-ups with our expert mentoring on technology through the Xelerate program."
Adds Sreedevi Devireddy, CEO, SR Innovation Exchange: “Our country is bustling with startup activity. Contribution of Startups to the economy and job creation cannot be negated.  There is an urgent need for strategic interventions to support startups. We need to build an holistic Innovation Ecosystem wherein Academia, Corporate, Government departments, Incubators and startups  work together. Xelerate is a step in that direction.”
SR Innovation Exchange (SRiX)is a technology business incubator of SR Engineering College  (Warangal) under the aegis of DST (Department of Science & Technology, GoI), includes a MakerSpace, Internet of things Centre of Excellence, Rapid Prototyping facilities and other facilities to support product startups.    SRiX is one of the 4 incubators in the country to offer the prestigious PGDM – IEV course approved by AICTE, offering students an academic-entrepreneurship driven opportunity to pursue a world-class PGDM and build their Startup  at the same time.