IITM Incubation Cell incubated startups totaled 350 in 2023 and have a combined valuation of ₹45,000 crores. In the financial years 2022-23, they have a combined revenue of ₹3,000 crores. We are delighted to share that IITM Incubation Cell was featured in The New Indian Express, reviewing the year 2023 at the nodal incubator of Indian Institute of Technology, Madras In conversation with Mr. Vaitheeswaran Balasubramanian of The New Indian Express, Dr. Tamaswati Ghosh, CEO of IITMIC expressed, “We are sector-agnostic, but we would focus on certain areas of interest and attract young entrepreneurs (for that), in the next three months,”. IITMIC aims to incubate at least 100 startups in 2024 year with focus on #climatetech, #agritech, #ruraltech, #water, #sustainability #ESG, #factoryofthefuture, #supplychainmanagement. Read article here - https://lnkd.in/gvvvkEYk #startups #iitmic #entrepreneurs #iitmadras #startupindia #deeptechstartups IIT Madras Research Park (IITMRP) IIT Madras Bioincubator IITMs HTIC MedTech Incubator IITM Pravartak Technologies Foundation Office of Global Engagement, IIT Madras NIRMAAN IITM IIT Madras Foundation RTBI (IITM's Rural Technology and Business Incubator) MeitY Startup Hub StartupTN
IITM Incubation Cell
Venture Capital and Private Equity Principals
Chennai, Tamil Nadu 24,368 followers
Spearheading India's leading Deep Tech Startup hub with a portfolio of 351 startups valued @ $5.5B & creating 9000+ jobs
About us
Today, #IITMadras is one of India’s leading Technology Startup hubs with #innovation & impact as key differentiators/drivers. Spearheaded by its nodal incubator, IITM is empowering entrepreneurs to address national challenges through successful, self-sustaining companies. As the nodal incubator, #IITMIC links & synergizes sector-specific incubators (Rural Technology and Business Incubator, Bio- & MedTech incubators), student pre-venture initiatives and translational research at IITM. IITMIC provides ‘concept to scale-up’ support to technology & knowledge-based startups through a holistic ecosystem with access to: • World-class R&D infra at IITM: unmatched support for translating innovative concepts into viable products • Workspace with infra suited to both hardware & software Cos. & access to domain experts from industry co-located in IITM Research Park • Business support services (accounting, company secretary, legal and IP), training & networking • Seed & early stage funding (Startup Fund comprising industry /Alumni donations & Grants from Govt of India) & connection to angel investors/ VCs • Mentoring in tech/design & market entry by eminent experts from IITM Faculty, Alumni and Industry heads Our Work in Numbers Deep tech Startups incubated till date: 300 • Founders: students, faculty & alumni from pan IIT (45%); external entrepreneurs (55%) • Sectors: manufacturing, robotics, auto, renewables/energy, water, Agri-tech, IoT, deep tech, Edu-tech, Biotech, medical devices, etc. • Total investment raised - Rs 9400 crore (US$ 1.1B) from angel investors/VCs • Valuation (based on last investment raised): Rs 38000 Crore (US$ 4.8B) • 106 generate cumulative revenue of Rs 1860 crore ($220M) in FY2021-22 • Direct Jobs created: 7000+
- Website
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http://www.incubation.iitm.ac.in
External link for IITM Incubation Cell
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Chennai, Tamil Nadu
- Type
- Nonprofit
- Founded
- 2013
- Specialties
- Technology Business Incubator, Entrepreneurship, Tech Startups, Deep Tech, Mentorship, Startup Funding, translational research, Industry network, Skill development, Legal and compliance, Investment, Manufacturing startups, central workshop, acceleration, hardware startups, robotics, Energy, Renewables, Agritech, Edutech, Biotechnology startups, MedTech, Brainstorming workshops, Social ventures, rural ventures, Structural Inspection, AI, Machine Learning, Industrial services, Startup India, IIT Alumni connect, Robotics, smart materials, IoT, Machine Learning, Edtech, Heathtech, and Electric Vehicles
Locations
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Primary
Module 2, D Block, Third Floor, Phase II, IIT Madras Research Park
Kanagam Road, Taramani
Chennai, Tamil Nadu 600113, IN
Employees at IITM Incubation Cell
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Vaibhav Goyal
Vaibhav Goyal is an Influencer Enterprise GenAI | Fintech | IIT Madras alum
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Khushbu Sanghi
Managing Director at WishboxIndia
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Arjun M.
Founder & MD, GrowXCD | Startup Advisor & Mentor
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Soloman Raja Elumalai
Senior Associate | Incubation Support & Admin at IIT Madras Incubation Cell | MBA & BCom in Accounting and Finance.
Updates
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#TourDeIITMIC – Young students and faculty members from Information Science and Department, College of Engineering, Guindy, Anna University had visited #IITM_Incubation_Cell. The visitors explored the #startup_ecosystem & #innovations at varied startups at IITM Incubation Cell, and also visited few centers housed at #IIT_Madras_Research_Park. #TourDeIITMIC, #IITMIC, #IITMRP_ecosystem, #DeepTech, #Entrepreneurship_Club, #Industrial_Visits #Anna_University
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Presenting a first-of-its-kind shoe made of wool, DD Tamil's Startup Handshake features Earthen Tunes Designs! While appealing to the urban customers with vibrant designs, Earthen Tunes takes pride in offering their sustainable shoes to India's farmers - The Farmer's Shoe. Co-founder Mr. santosh kocherlakota talks about interesting insights like the beginning of their entrepreneurial venture, their journey so far, testing their shoes in the Himalayas and more! Watch the interview here - https://lnkd.in/gEyKuAd7 #earthentunes #shoes #sustainability #innovation #farmershoe #startups #entrepreneurs #interview #ddtamil Vidyadhar Bhandare | Nakul Lathkar
Earthen Tunes Features on DD Tamil - Startup Handshake
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Introducing the latest additions to the vibrant deep tech startup ecosystem at #IITMIC (nodal incubator of #IITMadras ). A warm welcome to our newest incubatees: 1. Aadhithyaa Infometa Socio Solutions Pvt Ltd - Their immersive 3D #Metaverse Platform takes users on a digital journey through streets aligned with real-time physical location coordinates. From discovering service professionals to shopping, users experience a realistic touch and feel of products virtually, thanks to innovative 3D sensor #haptic devices. Founders: Naga Nathan and rajan subbarao 2. Shabd Intelligence Pvt Ltd - Shabd is revolutionizing communication with its #AI-powered layer, offering real-time translation of speech and text across multiple languages. Founder: Keshav Agarwal These startups embody the spirit of #innovation and #entrepreneurship, and we're excited to support their journey towards success. #IITMIncubation #StartupEcosystem #Innovation #DeepTechStartup #IITMstartup #startupindia #NewIncubations #assistivetech Indian Institute of Technology, Madras IITMs HTIC MedTech Incubator IITM Pravartak Technologies Foundation IIT Madras Bioincubator IIT Madras Research Park (IITMRP)
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🌟 Industry-Startup Collaboration alert from IITMIC! 🌟 It was a pleasure to host the leadership team from JK Fenner (India) Ltd and its Foundation on 23 April at IITM Incubation Cell. The team had the opportunity to engage with our dynamic startup ecosystem to explore potential collaborations. During their time at IITM Research Park, the team toured few #IITMadras Centres of Excellence including Center for Excellence in Energy & Telecommunications and Centre of Battery Engineering and Electric Vehicles (C-BEEV) and were introduced to various initiatives undertaken by the centers by Dr Kaushal and Mr Kannan. They interacted with industry experts, gaining a better understanding of prospective opportunities in various sectors. CXOs and senior engineers of our incubated startups XYMA Analytics , Yotuh Energy, MERAS Plugins Pvt. Ltd. and SatoriXR also exhibited their work and exchanged thought-provoking ideas. Thank you Rachit Nagori, Rahul Parate and Janardan MS - CSR Head, JK Fenner for taking their valuable time out to visit #IITMIC, and Vasudha Narasimhan for enabling this. At IITMIC, we're committed to nurturing entrepreneurship and facilitating impactful partnerships. Together, let's forge a path towards a brighter, more innovative future! #TourdeIITMIC #Innovation #IndustryAcademiaCollaboration #deeptech #IITMstartups #IITMICVisitorcorner #IITMICindustryconnect
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🚀Next up on DD Tamil's Startup Handshake, featuring some of IITM Incubation Cell's pioneering startups is DesiCrew Solutions Private Limited! In this feature, Mr. Thirugnanam S, Chief Growth Officer, DesiCrew Solutions talks about the inception and growth of the startup, their association with RTBI (IITM's Rural Technology and Business Incubator), empowering India's rural tech-talent by bringing employment opportunities to them and much more! Watch the interview here - https://lnkd.in/gZ4JrJFV #startups #desicrew #ruralindia #development #opportunities #startup #entrepreneurs #entrepreneurship #innovation #solutions #interview #ddtamil #iitmic MANIVANNAN J K | Saloni Malhotra
Desicrew Features on DD Tamil - Startup Handshake
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IITM Incubation Cell and KRIA Law are thrilled to reunite in celebrating World Intellectual Property Day 2024! We invite you to join us as we recognize this year's theme - 'IP and the SDGs: Building our common future with innovation and creativity' with an interesting lineup of expert talks, panel discussions and the 3rd edition of the IITMIC-KRIA'tive Innovation Awards! Date - 26 April 2024, 10 am to 12 pm Venue- Raman Hall, IIT Madras Research Park Confirm your presence here or scan the QR code. RSVP - https://lnkd.in/gR6SsmS2 #emergingtechnologies #worldipday #intellectualproperty #worldIPday2024 #startups #technology #socialimpact #innovation #SDGs Prof. Ashok Jhunjhunwala | Nagaraja (Naga) Prakasam | Dr. Mahalakshmi Muthuswamy | Bharath M. S. | Akshaya P Sachin | Tamaswati Ghosh | Jayalakshmi Umadikar | IIT Madras Research Park (IITMRP) | Indian Institute of Technology, Madras | DoMS, IIT Madras | IITM Zanzibar | IITMs HTIC MedTech Incubator | IIT Madras Bioincubator | MeitY Startup Hub | StartupTN | NIRMAAN IITM | The Chennai Angels | Campus Angels Network | TiE Chennai | Startup India | World Intellectual Property Organization – WIPO
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🚀Pioneering in pre-ceramic polymer solutions, CeraTattva InnoTech features in the Industrial Economist Magazine! Learn more about CeraTattva's innovative offerings, their recent developments in high-temperature bar code label printing for the steel industry, the significant growth of the startup since its inception and much more. Read the article here - https://lnkd.in/g9BU7paa Abha Bharti | Dr. Ganesh Babu | Ravi Kumar N V | IIT Madras Research Park (IITMRP) | Indian Institute of Technology, Madras #ceratattva #technology #preceramicpolymers #innovation #startup #entrepreneurs #iitmic #article #feature #IITMstartup #IITMICspotlight #startupTN
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IITM Incubation Cell launched “Build To Innovate” Challenge in early March, tailored exclusively for students across our Partner Institutes. In its first edition, the focus was on challenges within the #Rural - #Agriculture space. This initiative aims to provide a platform for budding innovators to unleash their creativity and build technology solutions that address real-world issues: indigenous solutions for local problems! We are grateful to our partners, Samunnati and Maxelerator Foundation, for their support in designing the Challenge, and evaluation of project submissions. Challenges given to the students: * Agri-Machinery: (a) Tabletop Banana Peeler, (b) Peanut Sorter & Grader * #IoT in Rural Areas: (a) Smart Water Meter (b) Mitigating Bird and Animal Damage to Crops Students (from across partner colleges) by forming an inter-disciplinary teams and applying their learnings from our flagship program #BuildClub were invited to register for the challenge. We received 300 registrations from 14 partnering institutes across South India, by early April. To answer queries from students, IITMIC organised multiple ‘Ask Me Anything’ virtual sessions with the experts from Rural-Agri, mechanical, product design domain: 100+ students participated and clarified their doubts. After a month given for prototype development, teams submitted their solutions for further evaluation. Up to 15 teams from three clusters (Madurai, Coimbatore and Chennai) were shortlisted to present at the Semi-Final for jury evaluation. Two semi-finals concluded recently, and one more planned next week. Stay tuned for more updates from the Semi-Finals held in Madurai and Coimbatore this week, and third upcoming in Chennai next week. #buildtoinnovate #IITMIC #IITMICspotlight #10X #IITMRP #studentinnovation #ruralinnovation #startupTN #BuildToInnovate #Build_Club Pragadhish C Jayalakshmi Umadikar Nanu Swamy Abisha Vijina V J Keerthi Nathan Tharunesh Elangovan Charles Arokiyadoss SRIHARAN B Dhanaganapathy Madhavan Vivek M Ashwin Prasad Parthasarathy P IIT Madras Bioincubator, IIT Madras Research Park (IITMRP), Office of Innovation and Entrepreneurship IIT Madras Indian Institute of Technology, Madras, IITM Zanzibar, Centre For Innovation (CFI), M.A.M. College of Engineering and Techology MASTeR GROUP OF INSTITUTIONS, KSR EDUCATIONAL INSTITUTIONS, Sona College of Technology Sona Institutions Sona Incubations , Thiagarajar College of Engineering Presidency University Bangalore Presidency University, Bangalore, Sri Vishnu Educational Society Alagappa Chettiar Government College of Engineering & Technology - Karaikudi, SSN Institutions, Chennai, India, Karunya Institute of Technology and Sciences Karunya Institute of Technology and Sciences, College of Engineering, Trivandrum (CET) Avinashilingam Institute for Home Science and Higher Education for Women, PSNA College of Engineering and Technology
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Next up from India's leading deep-tech startup ecosystem, Solinas Integrity Pvt. Ltd. features on DD Tamil's Startup Handshake! Solinas Integrity has been a pioneer in transforming utility management through the integration of #robotics and #AI, revolutionizing the pipeline and sanitation industry and addressing some pressing challenges of society. Watch the exclusive interview here - https://lnkd.in/gqtidx39 Divanshu Kumar | Moinak Banerjee | Bhavesh Narayani | Prof. Krishnan Balasubramanian | Prof. Prabhu Rajagopal | Indian Institute of Technology, Madras #startups #startup #solinasintegrity #solinas #entrepreneur #ddtamil #interview #iitmic #utilitymanagement #industry #technology #innovation
Solinas Integrity Features on DD Tamil - Startup Handshake
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