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 26,876 followers
Spearheading India's leading Deep Tech Startup hub with a portfolio of 351 startups valued @ $5.5B & creating 9500 jobs
About us
Today, #IITMadras is one of India’s leading Technology Startup hubs with #innovation & impact as key differentiators/drivers. Spearheaded by its nodal incubator, IITM is empowering entrepreneurs to address national challenges through successful, self-sustaining companies. As the nodal incubator, #IITMIC links & synergizes sector-specific incubators (Rural Technology and Business Incubator, Bio- & MedTech incubators), student pre-venture initiatives and translational research at IITM. IITMIC provides ‘concept to scale-up’ support to technology & knowledge-based startups through a holistic ecosystem with access to: • World-class R&D infra at IITM: unmatched support for translating innovative concepts into viable products • Workspace with infra suited to both hardware & software Cos. & access to domain experts from industry co-located in IITM Research Park • Business support services (accounting, company secretary, legal and IP), training & networking • Seed & early stage funding (Startup Fund comprising industry /Alumni donations & Grants from Govt of India) & connection to angel investors/ VCs • Mentoring in tech/design & market entry by eminent experts from IITM Faculty, Alumni and Industry heads Our Work in Numbers Deep tech Startups incubated till date: 300 • Founders: students, faculty & alumni from pan IIT (45%); external entrepreneurs (55%) • Sectors: manufacturing, robotics, auto, renewables/energy, water, Agri-tech, IoT, deep tech, Edu-tech, Biotech, medical devices, etc. • Total investment raised - Rs 9400 crore (US$ 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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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.
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Tamaswati Ghosh
CEO, IIT Madras Incubation Cell - India's leading deep-tech startup hub at IITM Research Park | PhD, Imperial College London
Updates
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Excited to be a 'chapter' in the 4-month certificate course "Innovation and Entrepreneurship - A Multidisciplinary Approach," offered by NPTEL IIT Madras, Indian Institute of Technology, Madras, this year again. #IITMIC and our deep tech startups are looking forward to engaging with this year's new batch of students. #Innovation #Entrepreneurship #IITMadras #DeepTech #NPTEL #IITMstartups
As reported in The Times Of India, Indian Institute of Technology, Madras is offering a 4-month certificate course in 'Innovation and Entrepreneurship - A Multi-disciplinary Approach.' This course, available in hybrid mode on the NPTEL IIT Madras platform, connects science, engineering, humanities, and management. It provides an in-depth exploration of essential start-up concepts and is open to final-year students from any background. 🗓️ Course Start Date: July 30 🔔 Last Registration Date: July 29 🔗 Register Here: https://lnkd.in/gzW7wy_j Led by Prof T Pradeep, Department of Chemistry, Prof. Prabhu Rajagopal, Innovation and Entrepreneurship, and Prof A. Thillai Rajan, Department of Management Studies and Head, Centre for Research on Start-Ups, the course fosters an appreciation for turning ideas into products. Students will receive a certificate upon completion, and institutions may integrate this course into their academic programs. The program includes visits to research parks, innovation hubs, and start-ups. Last year, students visited the Centre for Innovation, IIT Madras Research Park, IIT Madras Incubation Cell (IITMIC), and various start-ups. Read here: https://lnkd.in/gRb4XpuV #IITMadras #Innovation #Entrepreneurship #NPTEL #HybridLearning
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IITM Incubation Cell reposted this
🚀 Union Budget 2024-25: A Boost for Startups, Innovation, and R&D! 🚀 Today, Hon’ble Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25, unveiling a series of transformative initiatives aimed at propelling India’s startup ecosystem, fostering innovation, and advancing research and development. Here are the key highlights: The Union Budget 2024-25 is a testament to the government’s commitment to fostering a vibrant startup ecosystem and driving innovation across sectors. Let’s gear up for a future of unprecedented growth and opportunities! Ashwini Vaishnaw | Jitin Prasada | S Krishnan | Krishan Kumar Singh | Jeet V. | Ministry of Electronics and Information Technology | Digital India Programme | MyGov India | Atal Innovation Mission Official | Biotechnology Industry Research Assistance Council (BIRAC) | Startup India | Invest India | iDEX Defence Innovation Organization | Omkarnath Suprabhat Rath | Surya Kant | #MeitY #MeitYStartupHub #DigitalIndia #MyGov #ViksitBharat2047
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Looking back - the "Pitch to Win - Factory of the Future" event held jointly by #IITMIC and #DICV. https://lnkd.in/d7Fb2NBZ
'Pitch To Win' from IITMIC is back with its latest edition - Factory of the Future, in partnership with Daimler India Commercial Vehicles. If you are working in areas of Smart Manufacturing (Industry 5.0) and/or Sustainable Manufacturing (ESG), apply now. Seize the chance to present your venture at the Pitch to Win event and Win cash prize of up to ₹ 1 Lac. We invite Startups of all stages to come engage with #DICV and #IITMIC, explore opportunities for Incubation and other collaborations at the DICV-IITMIC Joint Incubator. Apply online by 23Feb here: https://lnkd.in/dyVmpCcB #StartUps #Manufacturing #logistics #sustainability #ESG #PitchToWin #Incubation #India #smartmanufacturing #industry50 #sustainablemanufacturing #FactoryoftheFuture Indian Institute of Technology, Madras NIRMAAN IITM IITMs HTIC MedTech Incubator IIT Madras Bioincubator StartupTN IIT Madras Research Park (IITMRP) DoMS, IIT Madras IITM Pravartak Technologies Foundation TiE Chennai MeitY Startup Hub IITM Zanzibar Office of Alumni and Corporate Relations, IIT Madras The Chennai Angels (TCA) Tamaswati Ghosh Vijay Sarathy Muralidharan Jayalakshmi Umadikar Elizabeth I.
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#IITMIC and IIT Madras Bioincubator incubated CisGEN Biotech Discoveries Private Limited featured on DD Tamil's Startup Handshake! Dr. Maroudam veerasami, Founder, Cisgen, shed insights into the gaps in the Indian veterinary sector, the inspiration behind founding the company and the journey of developing novel veterinary products, medical devices, and services aimed at animal well-being. She also discussed the critical role of improving milk yield by enhancing the reproductive performance of cows, a key factor in boosting India's agricultural GDP through the dairy sector highlighting their creation of India's first accurate artificial insemination tool - CowVuw. Watch the episode here: https://lnkd.in/g38_bY2R Biotechnology Industry Research Assistance Council (BIRAC) | Tamil Nadu Veterinary and Animal Sciences University | StartupTN | Indian Institute of Technology, Madras | IIT Madras Research Park (IITMRP) #startups #interview #entreprenuers #ddtamil #veterinarysciences #animalhealth #diagnostics #biotechstartup #IITMstartup #startupindia
Startup Handshake |மாட்டுப்பாலில் இருந்து மனிதர்களுக்கு பரவும் காசநோய் (TB) |(14.07.2024) | Epi - 24
https://www.youtube.com/
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#TourDeIITMIC – Students pursuing their Data Science courses from SRM Institute of Science and Technology, Ramapuram had visited IIT Madras Research Park and explored the startup ecosystem at IITM Incubation Cell. They engaged with several startups housed in the IITM Incubation Cell, gaining valuable insights. This experience significantly enhances their academic and professional growth. #TourDeIITMIC, #IITMIC, #IITMRP_ecosystem, #DeepTech, #Entrepreneurship, #Industrial_Visits #Data_Science
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Kudos to Dextroware Devices, a winner of the prestigious 15th NCPEDP Mphasis Universal Design Awards 2024 by National Centre for Promotion of Employment for Disabled People! Assistive tech #startup, Dextroware is breaking down barriers and promoting accessibility for all with "Mouseware" – an affordable, head-wearable device that empowers people with limb disabilities to operate computers and smartphones hands-free. Learn more about their innovative solution here: https://lnkd.in/dZv-NS8Z Pravin Kumar | Healthcare Technology Innovation Centre #IITMIC #UniversalDesignAwards #AssistiveTech #Inclusion
THE WAIT IS OVER!!!😄 We’re thrilled to announce the winners of the prestigious 15th NCPEDP Mphasis Universal Design Awards 2024! Swipe through to meet the great change makers and thinkers who are making a difference! These inspiring champions, through their dedication and innovative solutions, are dismantling barriers, and empowering everyone to live their life to the fullest. A heartfelt congratulations to all the winners and participants! Your passion for inclusion is an inspiration. Stay Tuned, we will share their work and innovation with the world very soon. . Arman Ali Mphasis Deepa Nagraj . #NCPEDP #Universaldesign #UDA #15thuniversaldesignawards #2024 #accessibility #winners #annoucnement #congratulations
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CeraTattva InnoTech, developing pre-ceramic precursors and advanced ceramic products, raises ₹1.31 Crores in seed investment! #IITMstartup #fundingalert
CeraTattva InnoTech Private Limited, a leader in pre-ceramic precursors and advanced ceramic products, secured ₹1.31 Crores in a funding round led by Campus Angels Network and Forge Innovation & Ventures. Originating from the IIT Madras Incubation Cell, CeraTattva is known for its polymer-to-ceramic technology, benefiting sectors like aerospace, defense, energy, and automotive. Founder & CEO Dr. Dr. Ganesh Babu highlighted the funding's role in boosting production and innovation. Campus Angels Network's Chandran Krishnan and Forge Innovation & Ventures' Vish Sahasranamam emphasized the strategic importance of this investment, noting CeraTattva's potential to revolutionize materials science. The funds will be used to establish a pilot production facility and expand market reach, reinforcing CeraTattva's position as a leading materials tech innovator. #CeramicTechnology #MaterialsScience #Innovation #Aerospace #Defense #Energy #Automotive #PolymerToCeramic #AdvancedMaterials #DeepTech #Startups #Investment #IITMadras #TechInnovation #IndustrialTransformation #SustainableGrowth #startup77
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Latest from IITMIC-Industry Collaboration ! We had the pleasure of welcoming Bhavesh Sasirajan and Ashok G. Nair from UST to IITM Incubation Cell on 28 June. Our CEO, Dr. Tamaswati Ghosh, and Ms. Jayalakshmi Umadikar shared #IITMIC's inspiring journey and explored potential collaborations. This was followed by showcasing of innovative products developed by #IITMIC incubated startups like Solinas Integrity Pvt. Ltd., Planys Technologies, and NeoMotion, and visit to AgniKul Cosmos rocket factory. The delegation visited the IITMs HTIC MedTech Incubator and IIT Madras Bioincubator. Select biotech startups – 1000-Farms, Rapidrugs, ISMO Biophotonics Private Limited and Sekkei Bio Private Limited, and healthcare startups like 3dcian and nGenCare Solutions showcased their products. The visit concluded with a tour of the Office of Innovation and Entrepreneurship IIT Madras at IIT Madras, involving interactive discussions with budding startups at NIRMAAN IITM. We look forward to deeper engagement with UST and launching our collaborative programs soon! #TourdeIITMIC #Innovation #IndustryAcademiaCollaboration #deeptech #IITMstartups #IITMICVisitorcorner #IITMICindustryconnect Tamaswati Ghosh Jayalakshmi Umadikar Merli Maman Charles Arokiyadoss Prabhu Rajagopal
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IITM Incubation Cell reposted this
CEO, IIT Madras Incubation Cell - India's leading deep-tech startup hub at IITM Research Park | PhD, Imperial College London
IITM Incubation Cell, the nodal incubator of Indian Institute of Technology, Madras, today has a portfolio of 365 deep tech startups, which together has a valuation of US$ 5.5billion based on investments raised externally. If we were to only look at startups founded by IITM alum, this number will be significantly higher than that quoted in this Inc42 Media article. Notable incubated startups from the ecosystem, also founded by IITM alumni include Ather Energy, MediBuddy, AgniKul Cosmos, Stellapps Technologies Private Limited, Detect Technologies, Planys Technologies, NeoMotion, GalaxEye, Mindgrove Technologies, HyperVerge, Solinas Integrity Pvt. Ltd., XYMA Analytics and many more. The IIT-Madras startup ecosystem is diverse, with entrepreneurs from all over the country and various backgrounds. Impressively, over 56% of the startups are founded by non-IITians. Leading this group are Uniphore, Skillveri MR & XR Simulations, GUVI Geek Networks, IITM Research Park. Given the scale and impact of this ecosystem, it is essential for highly regarded media groups within India's startup community, such as Inc42, to conduct thorough research to avoid underrepresenting one of the country's largest deep tech startup hubs emerging from a university ecosystem. Indian Institute of Technology, Madras IIT Madras Bioincubator Office of Innovation and Entrepreneurship IIT Madras Footprint Global #startupindia
Indian Institute of Technology, Madras is a breeding ground of innovation – as per Inc42 data, a significant number of IIT Madras graduates have gone on and founded as many as 56 startups! Let’s take a closer look👇 🔸 Internshala: Founded in 2010 by Sarvesh Agrawal, Internshala is a leading career-tech platform today. 🔸 AmbitionBox: Founded in 2015 by Mayur Mundada, Ambitionbox is a career advisory platform that helps over 15 lakh people make informed career choices every month. 🔸 Zouk: Founded in 2016 by Pradeep Krishnakumar and Disha Singh, Zouk is a D2C lifestyle brand offering handcrafted and cruelty-free handbags. The startup also raised $3 Mn in a strategic funding round in 2023. 🔸 BharatAgri: Founded in 2017 by Siddharth Dialani and Sai Gole, Bengaluru-based BharatAgri operates an ecommerce platform and offers AI-based agronomy services to farmers to help increase their incomes through the systematic implementation of scientific farming techniques. 🔸 GalaxEye: Founded by Suyash Singh, Denilm Chawda, Pranit Mehta and Rakshit Bhatt in 2021, GalaxEye provides multi-sensor imagery via satellites, providing insights by bringing imaging data from space. What are your thoughts on this? 💭 #founder #leadership #entrepreneurship
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