SR Innovation Exchange

What SR Innovation Exchange does

SR Innovation Exchange (SRiX) is a Technology Business Incubator (TBI) hosted by SR University in Hasanparthy, Warangal, Telangana, and designated by the Department of Science & Technology (DST), Government of India. Founded in 2019, SRiX supports technology startups from the idea stage through seed by providing structured pre-incubation training, physical prototyping infrastructure (IoT Lab, ESDM Center of Excellence, 3D Printing, CNC milling, laser cutting, fabrication lab), mentorship, and access to multiple government funding programs administered through the incubator including NIDHI PRAYAS (up to Rs 10 Lakhs), NIDHI Seed Support System (up to Rs 30 Lakhs), NIDHI EIR (Rs 10,000–30,000/month fellowship), MeitY TIDE 2.0 (Rs 4–7 Lakhs), and the Startup India Seed Fund Scheme, as well as angel/VC intermediation via a partnership with RISKEN Fund House for up to USD 2 million across Pre-Seed to Series A. The incubator targets idea-stage and early-stage startups, students, working professionals, and women entrepreneurs through programs including Pre-Incubation (4-week intensive at INR 10,000), InnovationX (student innovation challenge), SPRINT (college outreach), and SRiX EmpowerHER (women entrepreneurship program). Hybrid go-to-market combines community-led and event-driven channels — direct online applications, college partnerships, ecosystem referrals from TiE Global, CII, IESA, T-Hub, and Jain University Incubation Centre, alongside workshops, demo days, and pitch sessions. Reported cumulative scale is 171+ startups supported, 741+ jobs created, 103 startups funded with approximately Rs 13.57 Crore disbursed, and Rs 76+ Crore raised by portfolio companies from external VCs and Angels; revenue is not publicly disclosed and the business model is primarily government-grant-funded with limited direct fee income.

Name

SR Innovation Exchange

Legal name

SR Innovation Exchange

Website

https://srix.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

SR Innovation Exchange (SRiX) is a DST-supported Technology Business Incubator at SR University, Warangal, that supports idea-stage and early-stage Indian startups and student innovators through pre-incubation training, prototyping infrastructure, government grant administration, and angel/VC facilitation.

Ownership category

akta.pro rank

Headquarters

HQ city

Warangal

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Incubation Program Fees: Pre-Incubation program charges INR 10,000 for 4-week intensive business training program. Additional fees may apply for extended incubation services.
2. Government Grants Administration: DST NIDHI program grants administered through SRiX including PRAYAS (up to Rs 10 Lakhs), SSS (up to Rs 30 Lakhs), EIR fellowship (Rs 10,000-30,000/month). TIDE 2.0 grants (Rs 4-7 Lakhs). Startup India Seed Fund Scheme support.
3. Angel/VC Investment Facilitation: Collaborating with RISKEN Fund House to provide funding up to USD 2 million for startups at Pre-Seed, Seed, and Series A stages with IP-based, patent-worthy solutions. SRiX facilitates connections but acts as intermediary.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

SR Innovation Exchange (SRiX) is a DST-supported Technology Business Incubator of SR University, Warangal, that nurtures startup ideas from ideation through commercialization. It offers structured programs (Pre-Incubation, InnovationX, SPRINT, Women Entrepreneurship Program), government and private funding mechanisms (NIDHI PRAYAS, TIDE 2.0, NIDHI SSS, NIDHI EIR, SISFS, Angel/VC Investment), and physical infrastructure including IoT Lab, Makers Zone, and Prototyping Zone. SRiX has supported 171+ startups, funded 103 startups with ~Rs 13.57 Crore, and created 741+ jobs.

Product overview

SRiX (SR Innovation Exchange) is a Technology Business Incubator (TBI) of SR University, Warangal, supported by Department of Science & Technology (DST), Government of India. The company offers a comprehensive startup incubation ecosystem consisting of multiple programs (Pre Incubation, InnovationX, SPRINT, Women Entrepreneurship Program) and funding mechanisms (NIDHI PRAYAS, TIDE 2.0, NIDHI Seed Support System, NIDHI EIR, Angel/VC Investment, SISFS). These programs provide startups with mentorship, infrastructure facilities (IoT Lab, Makers Zone, Prototyping Zone), and financial support from ideation through seed stages. SRiX has supported over 171 startups and funded 103 startups with approximately Rs 13.57 Crore, creating over 741 jobs.

Differentiator

Problem solved

Functional benefit

Products and services

• Technology Business Incubator (TBI) Services End-to-end incubation services for technology startups from idea stage through customer acceptance and growth, including workspace, mentorship, infrastructure access, investor connections, and access to global partners. Targeted at entrepreneurs and early-stage startups across India.
• NIDHI PRAYAS Program Grant-in-aid program up to Rs 10 Lakhs for prototype development by idea-stage entrepreneurs with physical product offerings. Includes infrastructure support, mentorship, Fabrication Lab access, 3D Printing, and business facilitation. For Indian citizens aged 18+ with startups not exceeding 7 years from incorporation.
• TIDE 2.0 Program Technology Incubation and Development of Entrepreneurs program providing grant-in-aid of Rs 4 Lakh per startup for idea validation and Rs 7 Lakh per startup for proof of concept to MVP development. Targeted at ICT startups using emerging technologies including IoT, AI, Blockchain, and Robotics.
• NIDHI Seed Support System (NIDHI SSS) Seed support program providing financial assistance up to INR 30 Lakhs to startups with promising ideas, innovations, and technologies. Acts as a bridge between development and commercialization for registered Indian startups with 51% Indian promoter shareholding.
• NIDHI EIR Program Entrepreneur in Residence program providing mentorship, office space, guidance, and a fellowship amount ranging from Rs 10,000/- to Rs 30,000/- per month for a year. Targeted at science/engineering graduates pursuing entrepreneurship.
• Angel/VC Investment Facilitation Funding collaboration with RISKEN Fund House for innovative startups focused on IP-based, patent-worthy solutions. Provides funding up to USD 2 million across Pre-Seed (prototyping, market research), Seed (product development), and Series A (growth) stages.
• Startup India Seed Fund Scheme (SISFS) Government seed fund scheme providing financial support to prototype-ready startups. Acts as a bridge between prototype and commercialization stage for young startups recognized by DPIIT.
• Pre Incubation Program Intensive 4-week program with INR 10,000 fee combining business training, expert support, coaching, and mentoring to help entrepreneurs transform ideas into minimum viable products. Divided into 8 business modules with curriculum access, group mentoring, and certificate of participation.
• InnovationX Platform for student innovators at graduation, post-graduation, or doctoral levels to showcase ideas, connect with mentors, investors, and subject matter experts. Provides cash prizes, mentorship, incubation opportunities, and funding access.
• SPRINT Program Student Program for Innovation & Technology conducted at various colleges to bring entrepreneurial culture among students through 3-minute elevator pitch competitions and cash prizes.
• SRiX EmpowerHER: Women Entrepreneurship Program Flagship program providing structured mentorship, hands-on training, and access to funding and incubation support for women entrepreneurs. Includes one-on-one mentorship, networking with investors, demo day opportunities, and tailored assistance.

Quantifiable outcome

• 171 startups supported to date
• +3 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• SR UniversitycoreStrategic or Co-development PartnerHost institution of SR Innovation Exchange. First private university in Telangana, located in Warangal. Provides academic infrastructure, research talent through Schools of Computer Science and AI, Engineering, Business, Sciences, Agriculture, and Design. Has international MoUs with universities globally.
• Confederation of Indian Industry (CII)minorGTM or Marketing PartnerEcosystem Partner for CII Global Summit 2021. CII organizes Global Startup Summit bringing together policy makers, industry, academia, investors, and startups to deliberate on entrepreneurship based on innovation.
• India Electronics and Semiconductor Association (IESA)minorGTM or Marketing PartnerEcosystem Partner for IESA AI Summit 2021 focused on AI driving the global hardware and software ecosystem.
• TiE GlobalminorGTM or Marketing PartnerEcosystem Partner for TiE Global Summit 2020, a 3-day virtual platform converging entrepreneurs, investors, industry leaders, policy makers, and mentors to nurture entrepreneurial ecosystem.
• Jain University Incubation Centre (JUiNCUBATOR)minorStrategic or Co-development PartnerEcosystem Partner for JGI Accelerator 2020, a scale-up program for tech startups supported by NSTEDB, DST. SRiX helped bring together incubators/accelerators around the globe onto a single platform.
• T-HubminorStrategic or Co-development PartnerAssociation with T-Hub for Lab32 program, a growth-focused startup program offering tailored guidance on product and customer development.
• Indo Nordic Innovation Acceleration Clusters (INIAC)minorStrategic or Co-development PartnerAssociation for SDG Impact Lab at SR University campus focused on identification and development of innovative technology solutions by students and faculty in areas of urban sustainability and circular economy.
• IKP Knowledge ParkminorStrategic or Co-development PartnerChairman & CEO of IKP Knowledge Park serves on SRiX Advisory Board, providing strategic guidance to the incubator.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• NSRCEL (IIT Bangalore): Technology business incubator hosted at IIT Bangalore, providing structured programs, mentorship, and seed funding to early-stage startups. Closely comparable as a university-anchored tech incubator with similar programs and government program integrations.
• SINE (Society for Innovation and Entrepreneurship, IIT Bombay): University-hosted technology business incubator at IIT Bombay offering incubation, mentorship, and seed funding. Directly comparable in structure, scope, and target founders as a deeptech-friendly academic incubator.
• IIT Kanpur SIIC (Startup Incubation and Innovation Centre): Technology business incubator at IIT Kanpur supporting deeptech and emerging-tech startups with infrastructure, mentorship, and seed funding. Comparable as a university-hosted TBI with similar DST-aligned programs.
• T-Hub: India's largest startup incubator based in Hyderabad, Telangana. Directly comparable as a technology startup hub supporting founders through programs, mentorship, and investor access, though operating at significantly larger scale and with broader state backing.
• IKP Knowledge Park: Hyderabad-based science and technology incubator/cluster, also referenced via SRiX's advisory board (CEO Deepanwita Chattopadhyay). Comparable as a deeptech-focused Indian incubator with government and industry partnerships.
• CIIE.CO (IIM Ahmedabad): University-anchored business incubator at IIM Ahmedabad running structured programs, mentorship, and seed/venture funding for early-stage startups. Comparable as a premier academic tech/business incubator with similar funding and program structures.
• IIT Madras Incubation Cell (AIC IITM): University-hosted deeptech incubator at IIT Madras supporting tech startups across emerging technologies. Directly comparable in mission, infrastructure access, and target founder profile, particularly for hardware/IoT/Robotics.

Emerging players

• Villgro: India-based impact-focused incubator and early-stage investor supporting social enterprises and healthtech startups. Partially overlapping as an Indian incubator with funding programs, but more focused on social impact than general tech.

Regional players

• Kerala Startup Mission (KSUM): State-government-led startup ecosystem enabler in Kerala running incubation programs, funding, and infrastructure. Comparable in offering government-aligned startup support, but operates regionally in a different geography from SRiX's Telangana base.

Broad incumbents

• Atal Innovation Mission (AIM): Government of India flagship initiative to promote innovation and entrepreneurship across the country via Atal Incubation Centres and Tinkering Labs. Comparable as a broad policy-driven ecosystem enabler, but operates nationwide and is not a single incubator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/srixincubator
• YouTubeyoutube.com/channel/UCqSwBoib-JqdUa59-UC71hQ
• Facebookfacebook.com/SR-Innovation-Exchange-SRiX-1596100380444844
• LinkedInlinkedin.com/in/srix-sr-innovation-exchange-54a544149
• Instagraminstagram.com/srixwarangal/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SR Innovation Exchange