NEW DELHI / May 18, 2017 – Amrita University’s Technology Business Incubator (TBI) has won the National Award for being the best Technology Business Incubator in the country from the Dept. of Science and Technology, Government of India.

The President of India, Sh. Pranab Mukherjee, presented the national awards for excellence in technology at a ceremony in Delhi. Krishnashree Achuthan, CEO, and Snehal Shetty, COO, of Amrita University’s TBI received the award.

Said Krishnashree Achuthan, CEO, Amrita University’s Technology Business Incubator (TBI): “It is an honour and privilege to receive the National Award for excellence from the Hon’ble President of India. The Technology Business Incubator of Amrita University was established in 2008. Being judged No. 1 in India in a short span of 8 years is a testimony to the tradition of all-round excellence at Amrita University. Till now, we have incubated more than 72 startups and mentored 216 startup ideas, with 0% loss from investments.”

Amrita University’s TBI, a joint venture with Dept. of Science & Technology, Govt. of India, focuses on incubating startups in the areas of Information Technology, Cyber-Security, Networking and Social Media, among others. It recently established a startup hub to build the next wave of cybersecurity startups in the country.

Amrita University’s TBI is one of the only six incubators selected to be made world-class under NITI Aayog’s Atal Innovation Mission (AIM). According to NITI Aayog CEO Amitabh Kant, the objective is to transform the start-up ecosystem in India by providing financial scale-up support to these six “rarest of the rare” incubators and upgrade them to global standards. Each of these will receive $1.4 Mn (INR 10 crore) over a span of two years to provide state-of-the-art facilities to the incubated startups.