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SRiX (SR Innovation Exchange) is the Technology Business Incubator (TBI) of SR University in Warangal, Telangana, supported by India’s Department of Science & Technology. Established in 2018, it runs a full pipeline from idea-stage pre-incubation through incubation and seed-stage support for India’s tech-driven startups. As a DST-affiliated TBI, SRiX administers national NIDHI schemes (Prayas grants up to ₹10 lakh for prototyping, Seed Support System, EiR) and the Startup India Seed Fund Scheme, alongside its own accelerator-branded track, Xelerate — a 3-month cohort program run in partnership with Tech Mahindra for revenue-stage Agri-tech and Health-tech startups. SRiX also runs a Women Entrepreneurship Program with TiE Hyderabad, and student-facing initiatives (InnovationX, SPRINT) to build an entrepreneurship pipeline on campuses. Since 2018, SRiX has supported 170+ startups, created 741+ jobs, and disbursed ~₹13.57 Crore in grants and seed support, with its portfolio going on to raise over ₹76 Crore from VCs and angel investors.
Frequency
Rolling
Duration
Varies by track (idea-stage to 2+ years incubation)
Investment
Varies by track — NIDHI Prayas grant-in-aid up to ₹10L (no equity); Seed Support System/Angel-VC track terms undisclosed
Equity
None on grant-based tracks (NIDHI Prayas); Undisclosed on equity-based tracks (Seed Support System, Angel/VC Investment)
Program fees
Undisclosed
Where
India
Sectors
AgriTech, Automotive, CleanTech, HealthTech, Industry 4.0, Robotics
Stages
Idea/Pre-Team, Pre-Seed, Seed
Eligibility
• Indian registration/citizenship required for grant-based schemes (e.g. NIDHI Prayas)
• Core focus sectors: AgriTech, Robotics, Automotive, HealthTech, CleanTech, Industry 4.0 — open incubator, welcomes founders nationally
• Track-specific eligibility varies (e.g. Xelerate: revenue-stage Agri-tech/Health-tech only; Women Entrepreneurship Program: women-led ventures)
Selection process
• Reviewed by SRiX and scheme-specific monitoring committees (e.g. NIDHI PRAYAS Monitoring Committee)
• Track-specific selection criteria apply (e.g. Xelerate: competitive selection of Agri-tech/Health-tech revenue-stage startups)
Benefits
• Mentorship across innovation management, business development, IP, legal compliance, and fundraising
• Grant-in-aid funding via NIDHI Prayas (up to ₹10L) and other NIDHI/Startup India schemes
• Angel/VC investment facilitation
• Co-working space and administrative support
Notable alumni
Network
Department of Science & Technology (DST), Govt of India (primary backer); SR University (host institution); Tech Mahindra (Xelerate accelerator partner); TiE Hyderabad / TiE Women-Hyderabad (Women Entrepreneurship Program partner)
Portfolio
170+ startups supported since 2018; 741+ jobs created; 103 startups funded (~₹13.57 Cr disbursed)
Funds raised
₹76+ Crore raised by portfolio startups from VCs and angel investors
🕐 Aug 2026
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