Venture Center, a not-for-profit technology business incubator is collaborating with Ansys Software Private Limited in India, a leading engineering simulation software company, to provide support for technology startups.

Ansys and Venture Center signed an MoU and as per its terms Ansys will make available a pool of Ansys simulation software licenses to eligible startups, and Venture Center will provide the appropriate computing infrastructure and setup required. Ansys has extended its support under its Corporate Social Responsibility (CSR) programme to support startups.

"The Ansys Startup Program has helped numerous successful startups globally to design innovative products.  Startups in the program have benefited in several ways - from accelerating innovation at a limited cost to securing additional funding for future projects. Engineering startups in India have demonstrated strong potential to innovate and scale up for both India and the global market," said, Rafiq Somani, Area Vice President ‒ India and South Asia Pacific, Ansys.

The Ansys Startup Program provides early-stage startups with access to multiphysics simulation software, coupled with high-performance computing to help them tackle their engineering challenges quickly and cost-effectively.

Premnath Venugopalan, Director- Venture Center & Head- NCL Innovations, said, "In 2023, Pune is ranked closely with Chennai and Delhi in terms of startup funding, and Ansys' multiphysics simulation software, coupled with high-performance computing, is the right technological push for early-stage startups here to be on par with the rest of the country."

With Ansys' multiphysics simulation software, Venture Center can provide technical mentoring and product ideation support to the Venture Center-affiliated incubator companies during their ideation stage. Startups can benefit from using engineering simulation to assess and speed up product design and development, accelerating time-to-market.