A delegation from IC2 institute, University of Texas, Austin, U.S.A. headed by Sidney Burback, Director, visited the technology Business incubator (TBI) funded by Department of Science and Technology, Govt. of India at the University of Hyderabad (UoH).
The team further comprising of Vijay Topa, Advisor, Global Commercialization Group, IC2 Institute and accompanied by Vishal Khanna, FICCI, New Delhi; Gabriel Hons-Olver, Public Affairs Officer, U.S. Consulate, Hyderabad and Senthil Kumar also of US Consulate interacted with the coordinator of the TBI Prof. V. Venkataramana and also the students of School of Management Studies of the University and appreciated the functioning of incubator at UoH.
The team from IC2 also discussed the possibilities of cooperation in the areas of Biotechnology, clean energy and highlighted the attempts from both the government’s Viz USA and India. After the interaction with the students, the delegation visited TBI office and enquired about the activities/ programs being undertaken by the TBI. They also suggested suitable methodologies to foster an entrepreneurial culture at the University and also concept of “Lab to Market” thorough commercialization of Technologies.
The team interacted with Prof. G. Rajaram, coordinator Technology incubation and Development of Entrepreneurship (TIDE) supported by Department of Information Technology (DIT), Govt of India and also offered help to address the issues of Technology development and transfer.
As a mark of the visit, the visiting delegation planted saplings at the premises of TBI facility in the presence of Prof. R.P. Sharma and other officials.
The IC² Institute is an interdisciplinary research unit of The University of Texas at Austin which works to advance the theory and practice of entrepreneurial wealth creation. The Global Commercialization Group creates and delivers technology commercialization training and international business development programs around the world. Innovators in Asia, Europe, Latin America, and the Middle East have received assistance from GCG in bringing their technology-based products and services to international markets.
In the past five years, GCG has worked with over 1000 technologies and with innovators in 15 countries and has facilitated over $100M in international business engagements creating more than $300M in economic impact. (INN)