Sectors: Startup Ecosystem, Social Entrepreneurship, Aerospace and Defence, Food and Agriculture, Life Sciences and Pharma.
RICH is an initiative that seeks to unlock the national treasure created by the top scientific research institutions in Telangana, 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 the innovation - entrepreneurship - investment ecosystem that have 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 with venture capitalists, angel investors, and incubators. RICH will initially focus on three sectors. The same model of collaboration will later be extended to other priority sectors of the state.