IIT Hyderabad selects 8 deep-tech startups for pre-incubation, incubation support programmes
iTIC is also investing up to Rs 10 Lakh each in 3 Proof of Concept stage startups namely Humus Biosystems which is working on water treatment using microbes and biomaterials, Raibo Systems which is working on developing surgical assistive robots, and Sridevi Machinery which is working on building automated power weeder.
By Newsmeter Network Published on 10 May 2022 4:45 AM GMT
Hyderabad: IIT Hyderabad (IITH's) iTIC incubator has selected 8 deep tech startups from across India for pre-incubation and incubation support programs.
iTIC Incubator is investing up to Rs 25 Lakh each in the 5 Prototype ready startups. These include Learn and Empower which is working on building an accessible game-based learning platform for children with hearing loss, LiqSure Systems which is building a water purification system using hydrodynamic cavitation principal for greywater treatment, Milatronics which is building an automated feeding system for aqua farmers, Pranahita Biotrinics is developing AI-powered low-cost testing kits for COVID and other viruses, Eaffocare is working on regenerative products for gums and periodontitis treatments.
iTIC is also investing up to Rs 10 Lakh each in 3 Proof of Concept stage startups namely Humus Biosystems which is working on water treatment using microbes and biomaterials, Raibo Systems which is working on developing surgical assistive robots, and Sridevi Machinery which is working on building automated power weeder.
Prof B S Murty, Director, IITH said, "The focus of IITH is on translating the innovations into technologies useful for humanity. Hence, it is good to see startups working on themes of water treatment, aquafarming, assisted technology for children with special needs, affordable covid testing, etc being part of the list."
Asserting the startup initiatives of IITH, Prof Suryakumar S, Faculty-in-charge, Incubation, Innovation & Startups, at IITH said, "We aim to provide a vibrant platform for the startups to convert their ideas into successful businesses. We are thankful for the financial support from establishments like NMDC and HDFC in making that happen."
Other than investments the startups will be supported with structured mentorship, co-working space, access to a maker lab, access to networking and events, investor connects, and access to IITH infrastructure.
