Innovative ecosystem growth: SKF India initiates open innovation

SKF India, a prominent bearings manufacturer, has unveiled its Open Innovation initiative, a collaborative effort aiming to hasten the development of sustainable, customer-focused solutions. This initiative, in partnership with IncubateHub, seeks contributions from startups, academia, and industry professionals to co-create solutions tailored for the industrial and automotive sectors in Southeast Asia.

The Open Innovation initiative aligns with SKF’s mission to reimagine rotation for a brighter future. It aims to tackle complex challenges, enhancing adaptability and competitiveness. The initiative fosters the development of clean technologies and solutions that not only offer competitive advantages to clients, but also contribute to global sustainability.

Manish Bhatnagar, managing director at SKF India Ltd., expressed his enthusiasm about the initiative. He highlighted India’s vibrant innovation-driven startup ecosystem and SKF’s commitment to accelerating innovation through collaborations. The partnership with IncubateHub aims to harness the intellectual prowess of the nation’s brightest minds to develop groundbreaking solutions in the industrial, automotive, and engineering sectors.

IncubateHub, a platform driving digital transformation and sustainable solutions, will work intimately with SKF. Alagesan Thasari, director for Automotive India and Southeast Asia, emphasised the transformative power of innovation amidst evolving industrial trends. The Open Innovation initiative aspires to unveil hidden innovation potentials, foster strategic partnerships, and develop new business models.

Interested parties, including startups and research institutions, are encouraged to visit the official Open Innovation portal to learn more and submit their innovative ideas. Successful contributors will join forces with SKF and IncubateHub to push the boundaries of innovation.