Setting up of Industry Accelerator at ARAI, Pune

Setting up of Industry Accelerator at ARAI, Pune

a.) To Accelerate Indigenous developments to reach market enabling import substitution, potential for exports and India-specific products b.) By creating hub and spoke model for business cycle and technical subsystems both… c.) Target: Leapfrog from TRL 4-6 to TRL 7 & + d.) Focus area: derived from Mother Technology list; Mobility & Capital Goods at large

Financial Progress
MHI Cost (INR)
28.91 Cr.
Industry Cost (INR)
6.8 Cr.
Project Cost (INR)
35.71 Cr.
Brief

The technologies developed under this project will benefit the Indian automotive sector in the following ways: - • India specific solution for safety technology and holding IP ownership with India. • Import Substitution - Currently electronics systems being deployed in vehicles are mainly from foreign suppliers. So, the accelerator program enables Indigenous development. • IP localization- The accelerator program will hold IP ownership with Indian industry for deployment of such complex systems in India. • New opportunities for workforce competency development as well as promoting the entrepreneurial spirit. • Definite increase in collaboration of different corporates with the start-ups; thus generating better avenues of growth and employment. • To employ a “fail fast” mentality: ideas that do not get enough traction can be or modified quickly allowing start-ups to quickly re-deploy resources to achieve their objectives.