Press Release

Ansys & IIT Hyderabad’s iTIC Incubator Join Forces to Catalyze Growth in the Deep-Tech Entrepreneurial Ecosystem

The parties have signed a memorandum of understanding (MOU) to support iTIC Incubator affiliated startup companies

  • Ansys simulation to support iTIC incubator’s objective of aiding technology startup businesses.
  • Technical mentoring, and startup access within the iTIC incubator premises


Not-For-Profit Society, IIT Hyderabad Technology Incubation Center (iTIC) an incubator under the aegis of the Indian Institute of Technology Hyderabad (IITH) and Ansys Software Private Limited (Ansys, NASDAQ: ANSS), a leading engineering simulation software company in India, have joined forces to leverage the strengths of both organisations to empower technology startups in the field of engineering simulation. Ansys and iTIC have signed a Memorandum of Understanding in this regard.

“Ansys is excited about the collaboration with IIT Hyderabad’s iTIC Incubator, as this partnership emphasises our unwavering commitment to fostering innovation and empowering technology startups in India. Through this alliance, Ansys is dedicated to providing crucial resources for IITH Startup Companies at a startup price point to catalyse technological advancements and support the vibrant entrepreneurial ecosystem in the country. We look forward to playing a pivotal role in the growth journey of these startups, driving engineering excellence, and contributing to India’s innovation landscape.” said Mike Yeager, Area Vice President of Sales, India and Japan, Ansys.