Shiv Nadar Uni partners with Dassault and HCL for Venture Challenge 2021

#Innovation #Startups #IndustryandInstitute #AtalIncubationCentre

Source: BusinesswireIndiav

The closed-door contest for new-tech startups has been launched by Atal Incubation Centre supported by NITI Aayog

The Atal Incubation Centre at the Shiv Nadar University (AIC-SNU) has launched the ‘Venture Challenge’, a closed-door competition for aspiring entrepreneurs on the university campus. SNU has tied up with Dassault Systemes as technology partners and HCL Technologies as knowledge partners to support from the conceptual stage to actualization of their business concepts.

Both partners will help the chosen start-ups to scale their ideas, provide technical support, market guidance and access to their networks of key contacts for growth. Additionally, the best start-ups that with breakthrough/disruptive innovation, collective intelligence, or those that aim to positively impact the society will get the chance to participate in the global pitch of Dassault Systèmes 3DEXPERIENCE Lab. Upon further selection, the winning start-ups will be accelerated by the company at global level.

Supported by NITI Aayog’s Atal Innovation Mission (Government of India) the topics for the Venture Challenge include but are not limited to

Robotic Process Automation, Robotic Surgery, Drones

● Artificial Intelligence, Machine Learning, AR/VR applications, Data Management
● Biotech & Life Sciences, Health-tech, Ed-tech
● Electric Vehicles
● Embedded Products, Edge Computing, Quantum Computing
● Marine and Petrochemical, Aerospace, Automotive

Speaking about the Incubator’s broader objectives, Anubha Bali, Managing Director of AIC-SNU, said: “Fostering an innovative and entrepreneurial culture form the cornerstones of AIC-SNU and Shiv Nadar University. Our constant endeavour remains to build knowledge for the future, to push new discoveries into the world and to positively impact lives. We are delighted to collaborate with two like-minded partners - Dassault Systèmes and HCL Technologies - to help us cradle the most promising new start-ups.”

AIC-SNU will run a 12-month incubation program for the selected start-ups, during which it will provide support including physical and intellectual resources, trainings, access to industry mentors, opportunities of interactions with other business leaders, access to angel investors for capital, etc. The selection criteria for inducting start-ups will include execution capability of founders, innovativeness of the idea, scalability, unit economics and the possible impact.

Deepak NG, Managing Director – India, Dassault Systemes, said: “At Dassault Systemes in India, it is our endeavor to empower, incubate innovative technology ideas, and develop the teams into promising business start-ups of tomorrow. The Venture Challenge’ of Atal Incubation Center- Shiv Nadar University this year will be run on the 3DEXPERIENCE platform with winning start-ups getting an opportunity to pitch their ideas in the quarterly 3DEXPERIENCE Lab pitch globally”.

Anoop Tiwari, Senior Corporate Vice President, Digital Process Operations, HCL Technologies, said: “Nurturing the millennial aspirations that drive the very foundation of the innovation ecosystem is a constant endeavour of HCL Technologies. With an increasing reliance of organizations on solutions such as RPA and AI, it is imperative that enterprises look forward to adapt and quickly innovate”.

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