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Business Economy


SRiX, Cranfield Varsity signs agreement to aid India, British start-up entrepreneurs access to new business development

Hyderabad, Jan 10 (UNI) Emergent Tech Business Incubator SR Innovation Exchange (SRiX) in Telangana, and UK-based Cranfield University have signed a collaborative agreement to provide British and Indian start-up entrepreneurs access to new business development and academic expertise.

Under the agreement, a 10-week immersion programme is being developed with Indian start-up companies mentored in the UK by leading Cranfield academics, a release said here on Thursday.

Both organisations aim to leverage experience in industry partnerships, applied research projects, business education and entrepreneurial development programmes.

The partnership extends knowledge exchange, between experts from Cranfield visiting SRiX to conduct learning sessions focused on manufacturing excellence.

Cranfield will also support SRiX to design innovation programmes for corporate clients in the manufacturing sector.

SRiX CEO, Sreedevi Devireddy, said This is part of our strategic steps to build partnerships and leverage globally known academia and industry leader’s knowledge to help SRiX incubatee grow.

SRiX will also play the role of an anchor organization for Cranfield University’s initiatives in Telangana. Such partnerships have the potential to lead to many positive network effects, which make a useful building block for nurturing entrepreneurial eco-system in Tier-2 cities, Sreedevi added.

Cranfield University Pro-Vice-Chancellor (International) Professor Simon Pollard, said This agreement will further enhance our strong links in India and will enable to share our academic expertise, particularly within the manufacturing sector.

Launched in Warangal city in Telangana on March 2018 and founded by A. Varadha Reddy and A. Madhukar Reddy of the well-known SR Education group (Warangal), SRiX is supported by the Department of Science and Technology (government of India).

Less than a year old, SRiX is host to 24 promising startups from across the country, building innovative products using hardware and software technologies such as IoT, AI, VR/AR and Data Analytics. SRiX focuses in strategic areas of Agriculture, Healthcare, Environment and Education.

The centre is equipped with IoT & ESDM CoE, MakerSpace, 3D prototyping zone, Fabrication Zone and AI & ML software innovation lab.
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Panasonic Life Solutions to set up its new manufacturing facility in AP with Rs 600 cr investments

25 Jan 2021 | 8:40 PM

Hyderabad, Jan 25 (UNI) Panasonic Life Solutions India (PLSI), a wholly-owned subsidiary of Panasonic Corporation, on Monday announced the groundbreaking ceremony of its new manufacturing facility in Sri City (Chittoor district), Andhra Pradesh and will commence its operations of manufacturing the electrical appliances by April, 2022.

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MRPL’s Vermicomposting unit inaugurated by Sunil Kumar, Joint Secretary Refineries-MOPNG)

25 Jan 2021 | 7:33 PM

Mangaluru, Jan 25 (UNI) Sunil Kumar, Joint Secretary (Refineries), MOPNG on Monday inaugurated the first unit of the MRPL’s 90 ton per year capacity Vermicomposting project at Mangalore.

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Tata Motors launches Altroz i-Turbo with iRA

Tata Motors launches Altroz i-Turbo with iRA

25 Jan 2021 | 7:26 PM

Kolkata, Jan 25 (UNI) Tata Motors, India’s leading automotive brand, today announced
the launch of the i-Turbo variant along with iRA-connected car technology for its premium
hatchback, Altroz. iRA comes with 27 connected car features along with natural voice
tech, through which the car understands commands not only in English or Hindi, but
also in Hinglish.

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Provide level playing field to Agri-NBFCs in Budget 2021-22: NAFA

25 Jan 2021 | 7:01 PM

Kolkata, Jan 25 (UNI) Agriculture and allied activities employ more than 50 percent of
the workforce and yet remain largely unorganized and fragmented.

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SOSV leads pre-Series A funding round in live video commerce platform KIKO TV

25 Jan 2021 | 6:34 PM

MUMBAI, India, Jan 25, 2021 /PRNewswire/ - KIKO TV, a company that has built a solution for live streaming video commerce for the Indian market, has raised an undisclosed amount in its pre-Series A funding round led by the US venture capital fund SOSV and will be shortly graduating from their Mobile Only Accelerator (MOX) program.

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