- IISc’s FSID Aims to address challenges of import dependency, global competitiveness, and workforce readiness
- Plans to establish hubs of excellence across the country as a force multiplier
Bengaluru, NFAPost: The Foundation for Science, Innovation and Development (FSID), a single window of access for all stakeholders like large corporation, government body, medium-sized enterprise or startup to the deep science and deep tech knowledge within IISc, has launched Pravriddhi, a pan-India Product Accelerator Programme that unites premier Indian institutions, and enterprises to develop innovative solutions through strategic partnerships and cutting-edge R&D.
Conceived by FSID, Pravriddhi provides a platform for enterprises, academia and research laboratories, and investors to collaborate to drive innovation and new product development for a self-reliant India.
The Viksit Bharat 2047 vision projects India to reach a GDP of $30 trillion by 2047, with 25% of this growth expected to be driven by the manufacturing sector. Pravriddhi aims to enable achieving this vision by promoting market-driven, design led manufacturing and enabling India to innovate and compete on the global stage.
Speaking at the event, IISc Director Prof Govindan Rangarajan said as India strives to meet ambitious economic and industrial goals, challenges like import dependency, global competitiveness, and workforce readiness persists.
“With Pravriddhi, we aim to tackle these challenges by providing access to IISc’s world-class facilities, R&D expertise, and a robust network of strategic partners across India. By establishing innovation hubs nationwide, we intent to extend our proven program model to a broader audience, empowering diverse industries and fostering sustained economic growth and innovation across the country,” said IISc Director Prof Govindan Rangarajan.
The key-note speaker at the launch event, former Ashok Leyland, JCB India and Tecumseh India MD & CEO Vipin Sondhi expressed his excitement about Pravriddhi.
“It is a significant step towards building India as a Product Nation, aligning closely with the vision of the Atmanirbhar Bharat. He highlighted the importance of fostering a culture of innovation in India by introducing product development as a scholarly pursuit from an early stage,” said former Ashok Leyland, JCB India and Tecumseh India MD & CEO Vipin Sondhi.
He further stressed that the collaboration between academia and industry is key to pushing the boundaries of research and innovation—an approach that lies at the core of Pravriddhi.”
FSID Director Prof. B. Gurumoorthy said “Pravriddhi is being launched based on the experience in running an accelerator in the area of high-speed rotating machinery with support from the Ministry of Heavy Industry (MHI).
Commenting on the program, FSID Director – Product Acceleration Yogesh Pandit added that FSID takes pride in introducing Pravriddhi, which translates to “amelioration”, “growth,” or progress”.
“Guided by Viksit Bharat’s vision, Pravriddhi catalyzes innovative product development by bringing together enterprises, investors, subject matter experts, and industry leaders to drive India’s transformation into a global manufacturing powerhouse,” said FSID Director – Product Acceleration Yogesh Pandit.
Through Pravriddhi, FSID Director – Product Acceleration Yogesh Pandit said the organisation is planning to establish hubs of excellence across the country, each strategically designed to support research, development, and collaboration in the technology domain.
“These hubs will create a pan-India ecosystem for fostering growth and innovation by leveraging R&D infrastructure and expertise spread across the country,” said FSID Director – Product Acceleration Yogesh Pandit .
As part of the launch event, a panel discussion was held with the following panelists- 𝗗𝗿. 𝗥𝗲𝗻𝘂𝗸𝗮 𝗠𝗶𝘀𝗵𝗿𝗮 -𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗔𝗱𝘃𝗶𝘀𝗲𝗿, 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗼𝗳 𝗛𝗲𝗮𝘃𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀, 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮, 𝗣𝗿𝗼𝗳. 𝗦𝗿𝗶𝗻𝗶𝘃𝗮𝘀𝗮𝗻 𝗥𝗮𝗴𝗵𝗮𝘃𝗮𝗻 – 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗼𝗿 𝗜𝗜𝗦𝗰 𝗮𝗻𝗱 𝗖𝗵𝗮𝗶𝗿 𝗮𝘁 𝗖𝗲𝗡𝗦𝗘, 𝗠𝗿. 𝗔𝗸𝗶𝗹𝘂𝗿 𝗥𝗮𝗵𝗺𝗮𝗻- 𝗖𝗧𝗢-𝗛𝗶𝘁𝗮𝗰𝗵𝗶 𝗘𝗻𝗲𝗿𝗴𝘆 (𝗜𝗻𝗱𝗶𝗮), 𝗠𝗿. 𝗩𝗮𝗶𝗱𝘆𝗮𝗻𝗮𝘁𝗵𝗮𝗻- 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁, 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰𝘀 𝗖𝗶𝘁𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀’ 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 (𝗘𝗟𝗖𝗜𝗔) & 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 & 𝗠𝗗 – 𝗣𝗔𝗤𝗦 𝗮𝗻𝗱 𝗠𝗿. 𝗔𝗸𝗮𝘀𝗵 𝗡𝗮𝗵𝗮𝗿- 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗮𝘁 𝗥𝗲𝗴𝗶𝘀 𝗮𝗻𝗱 𝗦𝗮𝘃𝗼𝘆, moderated by 𝗬𝗼𝗴𝗲𝘀𝗵 𝗣𝗮𝗻𝗱𝗶𝘁.
About the Foundation for Science Innovation and Development (FSID)
FSID has been promoted by IISc with a mission to ensure that scientific knowledge that exists within IISc is harnessed to help the industry and society at large. Here they strive to create and translate some of the finest original scientific knowledge and technology into a practical and valuable form in the real world. They approach this large and compelling task through four symbiotic entities that come together to compose FSID. CORELabs engages with large corporations in collaborative research. STEMCell incubates startups that have deep science and societal impact. TIME² works with midsized enterprises to put them on a disruptive growth path via innovation, and finally, SEED works on science and technology-based interventions in rural India.
About SamridDHI
“SamridDHI” is a Ministry of Heavy Industries initiative to boost competitiveness in India’s Capital Goods Sector. The program focuses on technology-driven new product development in Industrial Machinery, particularly Rotating Machinery, collaborating with seven Indian companies over 2.5 years to achieve global competitiveness and localization. This effort aims to enhance GDP, reduce import dependency, create jobs, promote exports, and nurture indigenous intellectual property.
What is Pravriddhi?
Leveraging its expertise in managing large-scale programs, the Foundation for Science Innovation and Development (FSID) has introduced Pravriddhi, a pan-India product accelerator program designed to ignite a new era of innovation in the country. By forging strong connections between enterprises, investors, and academia, Pravriddhi accelerates market-driven innovations in the manufacturing sector.
Vision: To drive India’s industrial and economic growth by fostering innovation, empowering enterprises, and enabling self-reliance through cutting-edge R&D and strategic partnerships.
Mission: To partner with enterprises in advanced research and product development. Pravriddhi identifies key R&D gaps and high-growth technologies, inviting collaboration with enterprises, investors, and institutions to drive innovation, product advancement, and a self-reliant India.
