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.
I must congratulate Telangana Govt. for proactively coming up with this idea of initiating Research and Innovation Circle of Hyderabad. I always consider small steps have huge impact and RICH will definitely have a larger impact to not just the state but also the entire country
Research is bedrock of innovation and Hyderabad has a number of world-class research institutions. Research leads to market, market leads to industry, and industry leads to prosperity and prosperity results in wealth & job creation and RICH aims to do that
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.