CIE at IIITH commences the Summer 2023 cohort of its AVISHKAR Deep Tech Accelerator
Cohort started with 4 startups in deep tech, medtech, media tech and mobility domains, selected from over 200 applications. Startups will get up to INR 40L seed fund, strategy mentoring, research advisory and market access. Since 2016, 26 cohorts 48 startups, and about 53% raising follow-on funding.
City Air News
Jun 6, 2023 10:00
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Hyderabad, June 6, 2023: The Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad announced the onboarding of 4 startups for the Avishkar accelerator 2023 Summer cohorts of Deeptech, Mobility, Healthcare and Mediatech domains. Since the launch of Avishkar accelerator in 2016, there have been over 26 cohorts and 48 startups in AI, ML, IoT, and digital health with about 53% of them raising follow-on funding.
The Accelerator Kickoff was held from 29 May - 2 June 2023 with CIE’s panel mentors and experts from the industry. From an overwhelming application pool of 120+ startups, the selection committee shortlisted 6 startups for the program. The shortlisted startups were from domains of real-time data collection of patients' movements, Brain Health management, lithium-ion cell manufacturing, C-V2X, AI & Digital Twins and Web tools for mobile.
As a part of the Avishkar Accelerator, the selected startups will receive INR 40L seed fund along with a detailed 6-month plan that offers 4 streams of mentorship - Business Strategy, GoToMarket Plan, Technical Review and domain-specific mentorship. The program is facilitated jointly by CIE, IIIT Hyderabad, Co-creation Consulting, and SucSeed Indovation fund among other industry leaders. The program also opens avenues for startups through IIITH’s research support and collated networks and Corporate Connects.
Prof. Ramesh Loganathan, COO of CIE-IIITH says “Very happy to see Avishkar in its 7th year. A program that connects deep tech startups, research and market access, thru a structured 6-month accelerator program”
The startups shortlisted for this cohort are:
- NxtQ aims to provide accurate and real-time data about a patient's movements, allowing prosthetists and orthotics to create customized devices that better match their needs.
- Nirvesh Enterprises aims to provide Post Operative Brain Health Management. They plan to provide this through products related to neuro-care.
- Petrol Social aims to bring all the tools found on PCs and the web to mobile. Tools such as content creation platforms, and smart legos on mobile.
- Eranext Auto enables Vehicles To Communicate With Each Other And Their Surrounding Infrastructure, Including Pedestrians And Other Road Users.
