Altair, a worldwide leader in computational science and artificial intelligence (AI), announced the launch of the Altair India Incubator Outreach Initiative in collaboration with IIT Delhi's Foundation for Innovation and Technology Transfer (FITT).
In its Incubator Outreach Initiative, Altair identifies, supports, and mentors budding startups and provides them with Altair's simulation, optimisation, and machine learning technologies. Using these technologies and tools, startups gain access to high-fidelity, best-in-class product development tools and Altair's industry experts for assistance and training. Moreover, Altair maintains engagements with several pillars of India's startup ecosystem, such as funding agencies, industry experts, homologation agencies, distinguished professors, and Startup India / Invest India, so that startups can leverage external resources and increase visibility.
Vishwanath Rao, MD, Altair India and Gulf Coordination Countries (GCC) said, “The startup ecosystem in India is buzzing with new ideas. Disruptive technologies like AI, machine learning, and additive manufacturing are rapidly transforming the way companies innovate.
“We collaborate with startups to enable them to accelerate innovation with our simulation and machine learning technologies. I believe these startups will not only build an intellectual property-based economy for the country but also create an ecosystem of new industries to catalyze the vision of the ‘Make in India’ and ‘$5 trillion USD economy’ government initiatives” he further added.
Anil Wani, MD, FITT at IIT Delhi said, “This partnership will tremendously add to the repertoire of simulation tools with us to help innovators and start-ups in our incubation and accelerator set up.”