CIE-IITH onboards 9 startups for its accelerator cohorts4 months ago Rituka M
Centre for Innovation and Entrepreneurship at IIIT Hyderabad (CIE-IIITH) onboard 9 startups for its combined accelerator cohorts. Namely, Avishkar DeepTech accelerator (Cohort 16), Ojas Medtech accelerator (Cohort 9), and MediaTech accelerator (Cohort 2).
Launching the accelerators in 2016, CIE-IITH has enrolled 39 startups in various accelerator programs in various areas. Amongst them are advanced tech areas like AI/ML, IoT, and Digital Health with about 53% raising funds.
Commencing the accelerator program on 18th November 2022 with over 120 applications, the panel shortlisted 9 startups. These startups belong to domains of brain modulation, XR, health diagnosis, digital health, AI, Computer Vision, Edutainment, and Advertising. Arka Media Works and SucSeed Innovation Fund will jointly facilitate this program.
MORE ABOUT ARKA MEDIA WORK’S PARTNERSHIP WITH CIE-IITH: READ HERE
Offering up to INR 40L in Seed Funding, the accelerator program also offers a detailed 6-month program. Additionally, this program also offers mentorship in diverse streams such as Business Strategy, GoToMarket Plan, Technical Review, and domain-specific mentoring.
The program shall have resident mentors that will guide and assist these startups in defining a unique business strategy. Key elements of the program include IIITH’s research support, domain mentoring, strategy & GTM planning and market access.
Furthermore, Prof. Ramesh Loganathan, COO CIE-IIITH says; “This flagship program of ours enables 15 deep tech startups every year. This brings a unique value that centers around the combination of research and market strategy. We are very happy that these are all very early-stage startups with extremely promising technology, receiving formal support for the first time.”
Avishkar Accelerator – Cohort 16
Avishkar is a 6-month acceleration program specifically for startups working with Computer Vision, Machine Learning, Robotics, NLP, and other deep tech to help develop overall strategy and scale.
Segritech is a small and affordable automatic grading/sorting solution for fruits and vegetables. Having raised INR 11.35L in funding, Segritech is based in Hyderabad, Telangana.
Parentheses is a Deep Tech Augmented Intelligence which aims at putting the money back in the customer’s pocket by Maximising Man Machine Margins, through its innovative Hard-Tech platform – “HuMaC”. They intend to maximize man-manchine margins in target segment ecosystems such as forging, casting, machine tools, stamping, & heat-treatment, among others.
Anantadi seamlessly integrates products and brands into entertainment content such as movies, TV shows, music videos, web series and streaming content post-production. They do this with Digital Product Placement with AI. They haven’t raised any funds as of yet and are in their pre-revenue stage.
Ojas Accelerator – Cohort 9
Ojas is a 6-month Acceleration program for startups in MedTech, Life Sciences, Biotechnology, Diagnostics, Wellness or building devices for Health Care along with emerging technologies to help develop overall strategy and scale.
Sputnik Brain is building a clinically validated novel brain modulation platform which physiologically elicits quick and rapid stress alleviation / pleasure in the brain. Being in its R&D stage, pre-revenue, Sputnik Brain aims to build a convenient, biomarker-driven, repeatable and chemical-free technology. This startup has raised INR 1 cr so far and has its HQ in Bengaluru, Karnataka.
Padmaseetha provides renal care through OmniPD, the worlds’ first portable PD cycler. This allows peritoneal dialysis to happen at home without a break from their work. Padmaseetha Tech is in its clinical trial stage and is pre-revenue. In addition to providing renal care, the startup intends to create a global and innovative solution in renal healthcare, and has raised INR 2 cr.
Hummsa Biotech is an innovation driven company aiming to simplify diagnostics through Biotechnology and Nanotechnology making quality healthcare affordable and accessible. Being in it’s R&D stage, this startup has not raised any funds so far.
InovoCare is building smart affordable medical devices with a special focus on the Indian elderly population offering NIBRA-CS for the detection of autonomic neuropathy. Having raised INR 79.5L so far, Inovocare is in its validation phase.
MediaTech Accelerator – Cohort 2
MediaTech is a 6-month accelerator program to discover, nurture and foster start-ups developing innovative solutions and AI applications. These shall be in areas of Virtual Production, Metaverse (VR AR, NFTs, Virtual Worlds, Blockchain, Gaming Tech), Multimedia and Journalism to help develop overall strategy and scale.
Metaverts is a Platform for Advertising on Virtual Real Estate in Games, eSporta, AR/VR & Metaverse. It allows publishers to utilize the in-game real estate for non-intrusive IAB compliant advertisements and branding. Currently in its R&D stage, this startup has not raised any funds yet.
BlueBall Media and Entertainment; Chimes is an Audio-Driven Kids Edutainment Platform. The central aim is to lower the kids’ dependency on digital screens. In its early-revenue stage, the startup has raised INR 24.35L in funding.