Amrita Vishwa Vidyapeetham’s Technology Business Incubator (TBI) has won the National Award for being the best Technology Business Incubator in the country from the Department of Science and Technology, Government of India, on 11th May 2017 at Vigyan Bhavan, New Delhi.
The President of India Shri. Pranab Mukherjee presented the national awards for excellence in technology at a ceremony in Delhi to mark the 19th National Technology Day. Dr. Krishnashree Achuthan, CEO, and Snehal Shetty, COO, of Amrita Vishwa Vidyapeetham’s TBI received the award.
“It is an honor and privilege to receive the National Award for excellence from the Hon’ble President of India. The Technology Business Incubator of Amrita Vishwa Vidyapeetham was established in 2008. Being judged No. 1 in India in a short span of 8 years is a testimony to the tradition of all-round excellence at Amrita Vishwa Vidyapeetham. Till now, we have incubated more than 72 startups and mentored 216 startup ideas, with 0% loss from investments,” shared Dr. Krishnashree Achuthan, CEO, Amrita Vishwa Vidyapeetham’s Technology Business Incubator (TBI).
Amrita Vishwa Vidyapeetham’s TBI, a joint venture with Department of Science and Technology, Government of India, focuses on incubating startups in the areas of Information Technology, Cyber-Security, Networking and Social Media, among others. It recently established a startup hub to build the next wave of cyber security startups in the country.
Amrita Vishwa Vidyapeetham’s TBI is one of the only six incubators selected to be made world-class under NITI Aayog’s Atal Innovation Mission (AIM). According to NITI Aayog CEO Amitabh Kant, the objective is to transform the startup ecosystem in India by providing financial scale-up support to these six “rarest of the rare” incubators and upgrade them to global standards. Each of these will receive $1.4 Mn (INR 10 crore) over a span of two years to provide state-of-the-art facilities to the incubated startups.
Amrita Vishwa Vidyapeetham’s TBI is supported by the Government of India and recognized under the Startup India program.