Gyan Circle Ventures (Centre for Innovation and Entrepreneurship Development at IIITS (CIEDI), a Section 8 Company) is the Technology Business Incubator of IIIT Sri City. The center is funded by Ministry of Information Technology (MeiTy) under TIDE 2.0 as a Group 2 Centre to promote deep-tech entrepreneurship through financial and technical support to incubators engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in areas including manufacturing, education, Smart Cities, etc.
Indian Institute of Information Technology Sri City (IIITS), is an institute of national importance established in 2013 by MHRD Government of India in partnership with Government of Andhra Pradesh and Sri City Pvt Ltd. IIITS aims to develop solutions to real-world problems and create a positive impact in our day-to-day lives. The Institute encourages undergraduate students to actively take part in research through a merit-based BTech Honours program. Students who participate in the program work on a particular area under a faculty or group of faculties for a period of 2 years. They earn the Honours degree by producing research publications or Intellectual property or a software/hardware product.
Additionally, IIIT Sri City promotes a culture of innovation and entrepreneurship to help faculty and students to fulfil their potential and to serve the needs of the community. We foster entrepreneurship and innovation through several ways. IIIT Sri City has been selected by MHRD Innovation Cell to act as an Institute Innovation Council. Furthermore, IIIT Sri City has established an Entrepreneurship Cell (E-cell) to support and enable students to create innovative ideas and convert them into business opportunities. E-cell trains students on how to be successful entrepreneurs with social responsibility.
Keeping up with the spirit of entrepreneurship, in 2020, we launched our TBI, Gyan Circle Ventures (The legal entity being Centre for Innovation and Entrepreneurship Development at IIITS (CIED), an independent Section 8 Non-profit organization). The Business Incubator is one of the strategic priorities of the institute to promote innovation and entrepreneurship in the region, in several areas including but not limited to, Infrastructure Development and Smart Manufacturing. We strongly believe that Gyan Circle Ventures will serve as a hub for innovation and startups leading to development of new technologies and business opportunities as well as enable economic and social development in the region.
The primary purpose of the incubator, associated with the esteemed IIIT Sri City, is to encourage building the institutions’ entrepreneurial spirit via utilizing its intellectual capital. Currently, Dr. G. Kannabiran, Director, IIIT Sri City and Shri M Balasubramaniam,Chairman - Board of Governors, IIIT Sri City serve as the Directors of the company (CIEDI).
Gyan Circle Ventures invites participation from potential entrepreneurs and startups that are building cutting edge technology solutions to real world problems.