Technology Business Incubator facility inaugurated in City

Hyderabad|India|December'2010: To foster the research activities and help transform young scientists to become entrepreneurs, Technology Business Incubator (TBI) is inaugurated at University of Hyderabad by Dr. C. Rangarajan, Chief Economic Advisor to the Prime Minister of India on 21 December 2010 on the University campus.

Prof. C Rangarajan, in his inaugural address added that Technology Business Incubator (TBI) serves as a platform between Invention and Innovation and behaves as a transition model between Research model and Product development phase.

Prof. A V Rao, former Director, IICT, Hyderabad and Chairman, AVRA Labs, the Guest of Honor at the Inaugural ceremony briefed the transition of Science and Technology development in India over the last few decades and commended the UoH for its bold initiative of setting up TBI facility.

Prof. Seyed E. Hasnain, Vice Chancellor said that University of Hyderabad is the front runner in acquiring latest developments in the Science and Technology arena and added that in India apart from IIT’s UoH stands good at R&D activities.

TBI at UoH has been created at an estimated cost of Rs. 54 lakhs.

Prof. V. Venkataramana, Dean, School of Management studies, serves as coordinator of the TBI facility. Prof. Y V Reddy, Emeritus Professor, University of Hyderabad and former Governor, RBI was present on the occasion.