IIMB incubated firms excel

Mango Technologies, which announced the sale of certain software products to Qualcomm Incorporate, one of the largest wireless semiconductor company and Raddiffinity, which will be heading a new division at Aditya Birla Minacs group (ABMIT) offering their GPRS-based asset management services, had been operating an incubation centre to help entrepreneurs convert their ideas into businesses. The ventures incubated at NSRCEL received the benefit of the institute’s intellectual and network resources to establish their companies.

K Kumar, professor and chairperson, NSRCEL, IIMB said the Mango-Qualcomm deal was a significant milestone in showcasing the innovation capabilities of home grown technologies and also proves the critical role of incubators such as NSRCEL in enabling high impact technology entrepreneurship.

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