Publication – ET Manufacturing
A new India-wide product accelerator program, ‘Pravriddhi,’ was launched at the Indian Institute of Science (IISc) in Bengaluru. The program aims to foster innovation and drive new product development for a self-reliant India by connecting businesses, academics, research institutions, and investors.
A pan-India product accelerator programme that unites premier Indian institutions and enterprises was launched at the Indian Institute of Science (IISc) in Bengaluru on Thursday. ‘Pravriddhi’ seeks to develop innovative solutions through strategic partnerships and cutting-edge research and development (R&D). It was conceived and launched by the Foundation for Science, Innovation and Development (FSID) a statement from the IISc said.
FSID said Pravriddhi provides a platform for enterprises, academia and research laboratories, and investors to collaborate to drive innovation and new product development for a self-reliant India.
“With Pravriddhi, we aim to tackle these challenges by providing access to IISc’s world-class facilities, R&D expertise, and a robust network of strategic partners across India,” IISc Director Govindan Rangarajan said.
By establishing innovation hubs nationwide, the IISc intended to extend its proven programme model to a broader audience, empowering diverse industries and fostering sustained economic growth and innovation across the country, he said.
Guided by Vikasit Bharat’s vision, Pravriddhi catalyses innovative product development by bringing together enterprises, investors, subject matter experts, and industry leaders to drive India’s transformation into a global manufacturing powerhouse,” Yogesh Pandit, director of product acceleration at the FSID, said.
Vipin Sondhi, former MD and CEO of highlighted the importance of fostering a culture of innovation in India by introducing product development as a scholarly pursuit from an early stage.
“Pravriddhi is being launched based on our experience in running an accelerator in the area of high-speed rotating machinery with support from the Ministry of Heavy Industry,” Professor B Gurumoorthy, director of the FSID, said.
