What is RICH
RICH is an initiative that has been conceived to unlock the national treasure created by the top scientific research institutions in Telangana State, and to actively facilitate the process of taking their research to market. This requires new ideas, innovations, technologies, advisors, mentors, funding and support services, to be brought together seamlessly. The Government recognizes that there are gaps in this innovation-entrepreneurship-investment ecosystem, which has prevented full utilization of the R&D work taking place in these institutions. RICH is the platform that will link research institutions, academia and industry along with venture capitalists, angel investors and incubators. RICH will initially focus on three sectors, same model of collaboration will later be extended to other priority sectors of the State.
Research & Academic
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Startups & Entrepreneurs
I am happy to see the growth in the defence sector in Hyderabad over the years. I assure the best support from the Ministry to RICH in the integration of research, industry and academia to support innovation.
I am happy to see the impact RICH aims at by putting research and innovation together. The tripod of talent, technology and trust will take Hyderabad and the nation to its rightful destiny as number one in global innovation.
What a rich experience working with RICH! It’s been a pleasure working with RICH's team. Its collaborative spirit, its commitment to change and its knowledge in the sector. We definitely look forward to working with them long term to solve some of the environmental and social problems of Hyderabad
Lean Techno got in touch with RICH to explore possibilities to get connected with industries to offer services on People, Process and Supply Chain & Logistics to leverage growth through Lean Manufacturing Methodologies.
During our association with RICH we felt, what sets RICH apart is “Highly motivated and enthusiastic team, Strong networking, and addressing needs of diverse industry domains yet with depth Above all working beyond obvious.
When the idea of AC helmets hatched, I was a student in TEP at ISB. Mr. Rangnekar, being the dean of ISB during the course, was indirectly one of the earliest part of our start-up's journey, where TEP helped me refine my idea and develop a business around it.
RICH helped us with guidance on ways to solve our critical certification issue and branding our product.
ATGC started at IKP incubator and graduated. During start up to scale up phase of the company RICH was a gateway for connecting to global industry leaders and policy makers.
In Life Sciences, we do not have any entity other than RICH in India which serves as an interface between Industry, Academia and Policy makers.
As RICH started connecting with various research institutions and showcasing our technologies at various platforms enabled our technologies towards working together mode, wherein the connections led towards creating a roadmap for commercialization of our innovations.
RICH team is excellent and professional in dealing with an entrepreneur's requirement! Both the leadership and executive team is very personal, warm and empathetic towards the entrepreneur and the venture, aligning with the vision of their very existence. They have the right attitude, will and intent to see the entrepreneur win, by going out of their way to connect with the right stakeholders and the ecosystem that is being created at Hyderabad Telangana. I recommend RICH with no reservation to a fellow entrepreneur, to be part of!
We feel privileged to be a part of RICH Incubation program. The best part of RICH, is the kind of involvement in extending incubation support to entrepreneurs. This professional and personalized support has made me to suggest many start-ups to link to RICH.
Most important, RICH addresses the Core issue of Startups getting the right connects to lead Customers or “Go to Market” support. RICH has connected us to Individual customers and ICRISAT. The support given to us during ITC team visit to ICRISAT is worth mentioning.
Finding the right kind of partners is critical for a start up to succeed. RICH team was extremely helpful in connecting us to industries in their network. We are signing a strategic partnership with Delta Agrigenetics, who will be taking our SNIPR technology based products to market.
We are excited as the new phase in our start up begins and very happy to mentors and friends at RICH with us.
Our journey of being incubated with RICH has been just a little under 5 months and it has been a quantum leap of progress from start-up idea to execution. So far we have finished ideating our products, connecting to suppliers, developing a business plan, developing manufacturing strategy and gotten into the smaller details as well, that most start-ups usually just gloss over. All these steps (and more) were finished in an incredible time period of 3 months, with room for product development iterations and feedback discussions with RICH
Paddy/Rice has always been our area of interest. We do approach other research and academic agencies for any clarifications or product development. But I must acknowledge that the response quality/time after getting introduced to RICH has been enormously fast.
All thanks to the progressive thoughts of current government for the initiative to bridge the gaps between the Government research institutes and the industry for delivering faster.
RICH is an institutional innovation to foster interdisciplinary approach to problem solving. ICRISAT and particularly ihub (ICRISAT’s new ICT4Ag incubator) has had an enriching and deep engagement with RICH. RICH has complemented ihub’s efforts by enabling selected incubatees graduate to the next level. We hope that RICH and ihub will continue to complement one another and create more game changing innovations.