Startup

Govt Launches Technology Business Incubator Riidl In Mumbai Suburb

Written by Harshad Patankar

Dr. Harsh Vardhan, Hon’ble Minister of Science& Technology and Earth Sciences, Government of India, inaugurated Somaiya Vidyavihar’s RiiDL Technology Business Incubator. The project RiiDL received a grant of Rs. 5 crores for a period of 5 years from the Department of Science and Technology, GOI.

What is RiiDL

The RiiDL is the acronym for the Research Innovation Incubation Design Labs (RiiDL). This lab was started in November 2010 to promote innovation and entrepreneurship in the 34 institutions of Somaiya Vidyavihar.

Where it is located ?

The RiiDL center which is about 11,926 square feet; located at Somaiya Vidyavihar, which is an educational campus located in the Vidyavihar suburb of Mumbai, will provide startup businesses access to crucial lab and office space to rapid prototype their ideas. The Centre will focus on IT and electronic start-up ventures.

Interacting with startups Dr. Harsh Vardhan appreciated the student’s projects and said that his department has proactively encouraged and will continue to support science and tech innovations that are scale-able and sustainable. Says Mr. Samir Somaiya, President, Somaiya Vidyavihar,

“The opening of RiiDL TBI is a step forward in our commitment to foster innovation and entrepreneurship at SVV. Working alongside other entrepreneurial teams, can add great value to the spirit of innovation. These start-ups create jobs, provide solutions and encourage more entrepreneurial activity.”

Says Dr Rajan Welukar, Provost, Somaiya Vidyavihar “Implementing technology innovations requires space, expertise and passion. An on- campus facility gives students access to expertise of faculties from different streams. At SVV where we have experts from IT to marketing and environment to engineering; the students will get opportunities to collaborate across streams and we hope to see innovations merging sciences and technologies.”

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About the author

Harshad Patankar

My name is Harshad Patankar and I am the chief blogger at BumbleBeeHub Blog and where I like to share my internet/tech experience along with some fascinating updates around the Business, Technology, Education and Government sectos with my online readers on this website. You can read more about me at my About Page. You can follow me on Twitter, Facebook & Google