IITM Incubation Cell

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
http://www.incubation.iitm.ac.in
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

  • Primary

    Module 2, D Block, Third Floor, Phase II, IIT Madras Research Park

    Kanagam Road, Taramani

    Chennai, Tamil Nadu 600113, IN

    Get directions

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