8 Start-ups Receive Prototyping Grant from SR Innovation Exchange - Start-Up Hyderabad
Loading Startup Hyderabad

8 Start-ups Receive Prototyping Grant from SR Innovation Exchange

 4 years ago    

A total of INR 44 Lakhs was disbursed to Entrepreneurs and Student Innovators under the Technology Business Incubation TIDE 2.0 MeitY Scheme.

Technology Business Incubator SR Innovation Exchange (SRiX), Warangal, announced today they have disbursed the grant-in-aid to 8 start-ups under TIDE 2.0 Meity scheme. An amount of INR 44 lakhs was rewarded under the scheme in the presence of Dr. AK Garg, Director, Innovation and IPR Division, Govt. of India, MeiTY.

SR Innovation Exchange (SRiX), an official TIDE 2.0 centre is in SR Engineering College, Warangal and is supported by DST (Department of Science & Technology, Govt. of India).

The grant was facilitated through TIDE 2.0, an initiative of Ministry of Electronics and Information Technology(MeitY), under the Meity Startup Hub to promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance.

Congratulating the winners for receiving the grant, Sreedevi Devireddy, CEO of SR Innovation Exchange saidThese innovative award recipients epitomize the entrepreneurial spirit that is flourishing in the Startup community.  We are delighted to play our part to facilitate these start-ups to pursue their dream ventures. We received around 80 applications, we had a tough time shortlisting the winners.   We disbursed an amount of  INR 4 Lakh each to 4 start-ups, and another INR 7 lakh each to 4 start-ups, this will provide the initial ignition needed for them to develop a market-ready product.”

“SRiX provides the product designing, prototyping and testing infrastructure support for startups, our state of the art precision component manufacturing capabilities ensure that any innovator who is keen on the accuracy, precision in metal works don’t go empty-handed. CNC Lathe, CNC milling machines, Laser cutting machine  are available for innovators to get their products manufactured.  Pioneer brands in 3d printing like Markforged, Ultimaker are available in SRIX, Makerspace for innovators. The whole gamut of power tools; chop saw, mitre saw, sanders, grinding to name a few are available.” She added.


Sharing the details on the technologies these start-ups are working on,  Sreedevi said, it is quite diverse from mixed reality, AI/ML & Data Analytics, Blockchain, Internet of Things to drone technology.  We are pleased to announce that 6 startups have women co-founders and noteworthy is  3 of the winners are student start-ups of Warangal region.

The recipients of the grant are Varaha Innovation Studios and Technologies, Youcode intelligence Solutions, Oakmont RSM Info Solutions, Viben QR Innovations, Garudaastra Aeroinventive Solutions, Cloudchip Technologies, MHFICTIO Creations, and Gryptrx Solutions.

The Chief Guest Shri Dr. A.K.Garg  ( Director – Innovation & IPR Division, Government of India, Ministry of Electronics & Information Technology ) in his address said “TIDE 2.0 is a scheme of GoI, aims to promote Tech Entrepreneurship. One of the objectives is to evolve an ecosystem to use emerging technologies for digital inclusion  specially in Tier II & Tier III cities. It is so hearty to see that SRiX situated in this Tier II city Warangal is having such wonderful facilities for Research & Innovation. Some promising young minds are being supported today by SRiX  under TIDE 2.0. I hope  that it will establish an alternate economic hub in Telangana”.

Shri Venugopal Reddy Kandimalla,  Senior Vice President, Global Head Healthcare and Lifesciences at Tech Mahindra Guest of Honour, at the event congratulated the startups and said  “Very encouraged and happy to see start up’s using digital technologies to solve problems that are human-centric with far-reaching implications. Incubators like SRiX have a great role to play in encouraging entrepreneurship in rural India”.

SR Innovation Exchange (SRiX)is a technology business incubator under the aegis of  DST   (Department of Science & Technology, GoI),  includes a MakerSpace, Internet of things Centre of Excellence, Rapid Prototyping facilities and other facilities to support product startups.    SRiX is one of the 4 incubators in the country to offer the prestigious PGDM – IEV course approved by AICTE, offering students an academic-entrepreneurship driven opportunity to pursue a world-class PGDM and build their Startup at the same time.



Saritha Keshamoni

Foodie, Hyderabadi, Music lover,Designer by Interest, s/w Engineer by Profession, Entrepreneur in Making, Cricket buff, Telanganite


  • Saritha Keshamoni

    Saritha Keshamoni

  • Rituka M

    Rituka M

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Tata Teja

    Tata Teja

  • Nethrikaa Greeshma

    Nethrikaa Greeshma

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Shravani Maddirala

    Shravani Maddirala

  • Saloni Anand

    Saloni Anand

  • Avatar

    Madhureema RoyMoulik

  • Srinivas Aki

    Srinivas Aki

  • Dhivya


  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Avatar

    Ankur Mehta

  • Neha Mohsin

    Neha Mohsin

  • Maddy Anand

    Maddy Anand

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Divya Jyothi

    Divya Jyothi

  • Ayushi Pandey

    Ayushi Pandey

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Amita Sood

    Amita Sood

  • Avatar

    Surya Vallae

  • Gunajit Haloi

    Gunajit Haloi

  • Avatar

    Manoj Surya

  • Ravi Vaka

    Ravi Vaka

  • Sreekar Reddy

    Sreekar Reddy

  • Priyanka Mechineni

    Priyanka Mechineni

  • Ambika Asta

    Ambika Asta

  • Avatar

    Anish Tadimarri

  • Vana Korrapati

    Vana Korrapati

  • Avatar

    Vineel Reddy Pindi

  • GR Reddy

    GR Reddy

  • Vinita Surana

    Vinita Surana

image title here

Some title