Co-innovation hub for disruptive ideas to come up at IIIT-Hyderabad campus

Hyderabad: Pramati Technologies and IIIT-Hyderabad are jointly setting up a Co-Innovation Hub in the IIIT Hyderabad’s campus. The Co-Innovation Hub will infuse tech-led innovation in businesses to bring game-changing ideas to life.

An MoU was signed by Pramati founder and CEO, Jay Pullur, and PJ Narayanan, Professor & Director,IIIT-Hyderabad.

The Innovation hub will create an accelerator space to host and incubate startups.The startups’ ideas will be app-prototyped and further built in to a full solution using #FastApps (powered by WaveMaker, a Pramati Product).The co-innovation Hub will also cater to enterprises who want to reimagine their business processes and explore new ways of collaboration and agility.

Trusted by enterprises worldwide, Pramati is a leading Indian Product Company and frontrunner in powering enterprise agility. The International Institute of Information Technology Hyderabad is a premier academic and research center for IT and computing sciences in India.

Commenting on the agreement, Jay Pullur said: “Pramati believes that innovation is a messy, painstaking yet inspiring cultural transformation. Our products and services help businesses become agile and ready for innovation. We are happy to partner with IIIT-Hyderabad to contribute to the exciting ideas of entrepreneurs – established and aspiring, to bring their dreams alive. With agility, every enterprise has the ability to be a change-maker.”

Professor P J Narayanan said, “We are happy to partner with Pramati. Corporate partnerships bring a lot of industry expertise and guidance to our students. With the startup culture booming in India, Pramati’s guidance would be invaluable to some of our bright minds”.

The Pramati Innovation Hub will function at two levels:

Startup Accelerator – Actively supported and hosted by IIIT-Hyderabad’s co-innovation cell, the 3-month Startup Accelerator Program will nurture entrepreneurs, playing the role of technologypartner to rapidly prototype and bring their ideas to market, in a matter of days.

Enterprise Innovation Centre– Workshops will be conducted for enterprisesto reimagine processes, remove data silos and become agile by rapidly Appifying ideas.

IIIT-Hyderabad will actively lead efforts to reach out to startupsand 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 forenterprises who are eager to self-disrupt and innovate business processes.

India is home to the third largest number of technology-driven startups in the world, but the struggle lies with non-tech enterpreneurs who have exceptional ideas but lack technological expertise to bring them to life. With incubation and guidance, aspiring and established entreprenuers can advance business goals effectively.