Hyderabad sources reported that when addressing the seventh convocation of the Indian Institute of Technology Hyderabad (IIT-H) at nearby Kandi, he urged the institute to break out of silos and encourage others to do the same. Meanwhile the president said India would judge the success of IIT-H by the vitality and output it can ensure for not just itself, but the entire Hyderabad's knowledge ecosystem.
He said "As a second generation IIT, it is important that IIT Hyderabad borrows from as well as learns from the models of the past. Conditions are different from the 1950s and 1960s, where India has changed. Meanwhile Technology and the very discipline of engineering have evolved and their aspirations are no longer limited to the heavy industrial base that we created six decades ago”.
The president said "Increasingly, they are sources of innovation and
incubators of technology and technology driven start-ups and the knowledge
ecosystem of public investments in science, academic institutions and
universities, research laboratories, commercial applications and private
enterprise has an almost magical potential. Moreover its best example is, of
course, Silicon Valley in the United States”.
Bengaluru Techstars accelerator begins operations from February 4, 2019 As per report Global entrepreneurial mentoring network Techstars on Monday announced to open its first mentor ship driven accelerator in Bengaluru to nurture Indian start ups in the emerging technologies. Meanwhile to begin with, the Techstars accelerator in India will invest $120,000 each in 10 start ups working in fields like Artificial Intelligence (AI), Blockchain, AR/VR, Robotics, Internet of Things (IoT) and Big Data Analytics.
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