CIE-IIITH’s Startup Demo Day sees 15 startups pitched to 35angels, VCs and corporates
Startups from Avishkar-DeepTech, Ojas-MedTech & Product labs seeding accelerator
cityairnews
Jan 20, 2022 12:07
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Hyderabad, January 20, 2022: CIE-IIITH organized its biannual Demo Day earlier this weekwhere15 startups from various programs pitched to over 30 investors. All 15 startups have garnered interest from investors and conversations are on.
CIE-IIITH is a 13-year-old incubator, supported by DST, MEITY & DBT in its early days. CIE-IIITH has till date supported 400+ startups and seed funded 25 startups. It is now also focusing on infrastructure facilities, programmes and startup engagements in order to build a deeptech startup ecosystem.
CIE-IIITH’s Demo Day showcases startups from its Avishkar-DeepTech , Ojas-MedTech accelerator programs as well as Product Labs’ startup seeding. The startups at this demo day were spread across solution realms from IOT-AI for Industrial automation, CV based game data analysis, AR-VR based virtual meeting platforms, drone based surveillance, surveying etc.
The Accelerator programs offers upto 40L seed funding, and technology help through research labs of IIITH, along with strategy and GTM advisory leading upto initial customer traction. The startups are from varied technologies like AI/ML, CV, NLP, Dronetech, AR/VR, working in various domains of manufacturing, data analysis, surveillance, virtual meeting platforms, asset tracking.
“Happy to see good results in recent years of 25 total accelerated startups in the past 5 year. Few startups have had seriesA+ funds raised at very high valuation (BlueSemi. DreamVu) and some even got acquired (Revos, Instoried), said Prof. Ramesh Loganathan, COO, CIE-IIITH
Investors included SucSeed Indovation Fund, Kalaari, Venture Catalyst, Mumbai Angels, IAN, HA, Blume Ventures, Endiya Partners. Corporates such as Microsoft, Biocon, TCS, GMR, ICICI also attended the Demo Day Most startups garnered interest from investors for follow on conversations.
