In  the  N E W S

Newsletter 2021
The newsletter aims to share our work, keep you informed of startup milestones, and invite you to be part of this ecosystem

Newsletter 2020
The newsletter aims to share our work, keep you informed of startup milestones, and invite you to be part of this ecosystem[UNIQID]

Newsletter 2019
The newsletter aims to share our work, keep you informed of startup milestones, and invite you to be part of this ecosystem

Dec 2019 Edition 
Rewind & look back at the year gone by. 
Glad to share the final edition of IITMIC Newsletter for 2019. We are deeply grateful to our mentors, partners and donors who have given unconditional support and contributions to a memorable year for IITM Startup (Incubation) ecosystem. Recognition by our Prime Minister during his visit to IITM Research Park on 30th Sept'19 (see video) was an opportunity greatly treasured by our Startups & IITM Incubator/RP teams. Looking forward to new milestones in 2020 with renewed zeal, as we continue to share our Startup stories with you. 
CEO, IITM Incubation Cell

A showcase of Assistive Technologies developed by IITMIC incubated startups on the occasion of ‘Launch of Standing Wheelchair’ by IIT Madras and Phoenix Medical Systems
Event was attended by 400+ invited guests, eminent personalities from industry and academia and Honorable Minister for Social Justice and Empowerment Shri Dr. Thawarchand Gehlot. IITMIC incubated startups demonstrated their work to the Ministers and guests

"I am really impressed by the work done by IIT Madras and look forward to cooperating with them in the future. I am sure IITMADRAS and its startups will try to privide standing wheelchairs to the needy through the Ministry, MLA constituency Development and CSR Funds" said Shri. Gehlot

Startups that demonstarted their work: Nemotion, Yali , Enability Foundation for RehabilitationInvention Labs Engineering ProductsiMOV, KriyaNeuro.
4th Edition of 'National Entrepreneurship Awards 2019' concluded with awards conferred to 30 startups/enterprises from across India and 6 ecosystem builders at New Delhi
IITMIC and IITM were proud to have been the Lead Partner with 12 other partner institutes, all working with Ministry of Skill Development and Entrepreneurship since start of 2019, to recognise and celebrate work by entrepreneurs from every corner of the country.
We (Prof Gettu, Dean IC&SR, IIT-Madras and IITMIC CEO and team) were also proud to share the moment with our incubated startup Planys - many congratulations to the founders & team.
Great be part of National Entrepreneurship Award where 3 out of 31 winners across India are from Tamilnadu. Congratulations to all the startups: Planys in Engineering Category, SURA in Textile Category, SabariGuru Repair Services in PWD category and Entrepreneurship Development and Innovation Institute,Tamil... , In Ecosystem Builder Category.

National Evaluation of NEA'19:
IITM & IITMIC - Lead Partner for NEA' 19 had set up the expert panel from the investor community, industry and  academics. Evaluations was conducted at IITMRP


30 Sept 2019 - Event  - Hon. Prime Minister Narendra Modi visits IITM Research Park & interacts with 22 incubated startups

12 and 28 Sept 2019 - Visitors Corner - TourDeIITMIC

18 May 2019 - Event - Job Utsav 2019 : a recruitment drive for IITM startups
TOI, 2 Jan'19 
IITM startups solving real world challenges. 

27 Dec'18 
 Hindi media - Rajasthan Patrika 
 features IITMIC as a launchpad of 180+ deep tech startups 


2018 was a special year: IITMIC turned 5 (as a legal entity and nodal incubator of IIT-Madras), we crossed 180+ incubations, welcomed a new Board of Directors, created new partnerships, and our startups walked away with some more awards, increased turnover & funding activity drawing in wider spectrum of investors. While 2017 featured awards/recognitions to our startups from every sphere in the country, 2018 was a year of consolidation - greater visibility and widening footprint and impact, with IITM startups scaling operations in India as well as entering markets abroad (US, East Africa, Middle East, EU). While bidding adieu to former board/committee members (now associated with us in newer avatars) who had helped shape this place right from the start and were with us witness to our startups growing into maturing businesses, we thank all you well-wishers who have been an integral part of our journey.
Warm wishes for a bright and impactful 2019, to our Startups and all members and stakeholders of our ecosystem!                           ....CEO, IITMIC

Stellapps (and IBM) wins at the 8th Ed. of Aegis Graham Bell Awards 2017 for Innovation in IoT >
Technology can be made accessible to everyone using Speech Recognition,” says Umesh Sachdev, founder CEO, Uniphore in his recent inspiring talk in TED Talks India: नई सोच hosted by Shah Rukh Khan - Watch Video

RTBI Annual Report 2017-18

Startup Spotlight 
Nov 2018  

Grinntech (an IITMIC and RTBI incubated company) works on lithium battery technology for different Electric Vehicles (2W, 3W, cars, buses etc). 
It is focused on developing ecosystem for scaling up of electric buses with battery swapping for city transportation

3 Sept 2018
2nd Edition of 'Investor meet' hosted by IITMIC 
20+ deep tech startups incubated at IITMIC present / demo to a group of angel investors & VCs - a day long event for startup-investor interactions.  

Ft. Dr. Subhash Chandra (Chairman, Essel Group and Member of Parliament, Rajya Sabha)

“Anybody who thinks that India has to be the follower, and not world leader, needs to definitely visit IITM Incubation ecosystem. I shall be the brand ambassador of this vibrant ecosystem"  -  Dr. Subhash Chandra, Chairman, Essel Group

Forbes India
4 May 2018  
IIT-Madras: Indian Institute of Innovation > 
With incubators for deep tech startups, funding for students and support for corporate R&D, the institute is fostering an entire ecosystem of cutting-edge ideas.
The incubation cell on the third floor of the IITMadras Research Park is an epicentre of nervous energy. The glass door is flung open every few minutes as entrepreneurs, fresh out of brainstorming sessions with their mentors, storm to their workstations to put the learnings to test. Some are building energy-efficient batteries and smart Farming technologies while others are putting together remotely-operated vehicles that would deep dive into oceans to facilitate underwater inspections.
But what a majority of the startups at the incubator have in common is they are the so-called deep-tech startups, that are heavily reliant on science and technology—artificial intelligence, virtual and augmented reality, computer vision and robotics—and are seldom consumer-focussed, a sharp contrast to investors’ favourites such as online retail, payments or ride-hailing companies.

Forbes India
2 May 2018 
There are two kinds of academia: Ashok Jhunjhunwala > In an interview to Forbes India, he talks about the benefits of Industry-Academia collaboration, Innovation and the evolution of #deepTech #startups in India 

25 Mar 2018 

Honoured to have had the opportunity to host His Excellency, President of Federal Republic of Germany Dr. Frank-Walter #Steinmeier during his visit to IITM Research Park today afternoon. 
#IITMadras Director Prof. Bhaskar Ramamurthi, IITM Incubation Cell CEO Dr. Tamaswati Ghosh and IITM Research Park COO Mr. Rajendra Mootha welcomed /accompanied the Delegation

Forbes India
6 Mar 2018  

2018 W-Power Trailblazers: Kavitha Sairam is addressing age-old problems of agriculture > IITM incubated company Fib-Sol Life Technologies's co-Founder Dr Kavitha Sairam featured as one of the 2018 W-Power Trailblazers by Forbes India

23 Feb 2018 
Stellapps adjudged as winner (along with IBM ) for Innovation in IoT at the 8th Edition of Aegis Graham Bell Awards 2017. Other participants in other categories included Wipro, Reliance, Airtel, Huawei, Vodafone, Cisco, Accenture, HCL etc. This Award is intended to promote innovation, entrepreneurship in the field of Telecom, Social, Mobility, Analytics, Cloud, Security to provide recognition for outstanding contributions by the innovators

26 Feb 2018  
Submersible Robotic Inspection startup Planys Technologies closes $2.16 Mn Series A Funding Round > IITMIC incubated company, Planys raises Rs 14 crore Series A Investment from India's top investors and largest oil & gas company: round led by Senapathy "Kris" Gopalakrishnan (cofounder, Infosys) Oil and Natural Gas Corporation-Start-up Fund and #RanjanPai’s MEMG Family Office. #KeiretsuForum (Chennai and Singapore) and other HNIs also participated in the round

23 Feb 2018

MoS Civil Aviation, Shri Jayant Sinha's rendezvous with technology indigenously developed & being commercialised by startups incubated @ IITMIC

16 Feb 2018 
Umesh Sachdev, co-founder CEO of Uniphore wins the prestigious 'Entrepreneur of the Year' award at the Small Business Awards (7th National awards for small & emerging businesses) organised by Franchise India 

Forbes India 
6 Feb 2018 
Founders of IITMIC incubated companies, DocsApp (getting the doctor on chat) and Ather Energy (electrifying scooters) featured in Forbes India 30 under 30 >

TED Talks India 
24 Jan 2018 
Technology can be made accessible to everyone using Speech Recognition,” says Umesh_Sachdev, founder CEO of Uniphore (an IITM incubated company) in his recent inspiring talk TED Talks India: नई सोच hosted by Shah Rukh Khan - Watch Video

The Hindu 
22 Jan 2018 

A space to generate Superstar ideas > 
One of the four startup lounges at the @IITMIC Incubation Floors at IITM Research Park - creative spaces among startup offices and workshops for out of box thinking & discussions  


2017 HIGHLIGHTS (complete)

Entrepreneur India Here's India's Top 45 Technology Incubators: IITM Incubation Cell & ecosystem placed at #1 position > 
Two IITMIC incubated startups won the Economic Times Awards 2017: 
1. Aibono won the 'Best Social Enterprise award' - read more - watch video
2. Detect won under the 'Best on Campus' category - read more - watch video
For Two consecutive years, 4 out of 5 finalists of the 'Best on campus' award category were IIT Madras incubated startups:
2017 finalists: PlanysHyperVerge & MaximL Labs || Winner: Ather Energy

IITMs RTBI's Annual Report for FY 2016-17: view

Financial Express 
18 Dec 2017
Stellapps Technologies was adjudged at #2 in the coveted "Cloud Solutions" category of the Financial Express IT Awards that saw the likes of IBM, Infosys, TCS, L&T Infotech, Swiggy, Zoho, MakeMyTrip as winners in other categories > Incidentally, the #1 in the same category is an IITM DAA founded company - Zoho

13 Dec 2017 
Online doctor consultation platform DocsApp raises $7.2M funding from Bessemer Venture Partners and others > 

Live Mint 
30 Nov 2017 
IITM (RTBI) incubated startup Uniphore Software System gets global status

John Chambers, executive chairman of Cisco & chairman of recently-formed US-India Strategic Partnership Forum, leads Uniphore's Series B round (picks up 10% stake in his personal capacity), his first investment in a startup outside of US > 

Economic Times 
24 Nov 2017 
Here's how IIT-Madras has become a haven for startups > This has been possible not due to any single spectacular effort but because of IIT-M doing several simple things right — creating a thriving alumni network, pushing a faculty-industry connect, providing the necessary infrastructure to let students and alumni experiment with ideas, and importantly, listening to feedback and learning on the move. Since 2006, 140 startups have been a part of the IITM Incubation Cell. Of these, 32 startups have raised a total $108 million from investors, with Ather pocketing a chunk of it. "Success breeds success," said Mehta. "When we started, a couple of our seniors had... (made) successful hardware attempts. The community builds up. They encourage each other."

Entrepreneur India 
Aug & Sept 2017

India's Top 25 Incubators featured in the Aug 2017 issue:
IITM Incubation Cell & ecosystem placed at #1 position
Article on 18Sept >
Facebook Post

Economic Times Startup Awards
18 Aug 2017 
Two IITMIC incubated startups won the Economic Times Awards 2017 #ETStartupAwards2017
1. Aibono won the 'Best Social Enterprise award' - read more - watch video (ET NOW)
2. Detect Technologies won under the 'Best on Campus' category - read more - watch video (ET NOW)
For Two consecutive years, 4 out of 5 finalists of the 'Best on campus' award category were IIT Madras incubated startups
2017 finalists: PlanysHyperVerge and MaximL Labs
2016 winner/finalists: Ather Energy (Winner), Hyperverge, Planys and Detect 

Watch the Award Ceremony: video

11 May 2017  
IITM Incubation Cell wins 'National Award for emerging Technology Business Incubator' for 2016 from Dept. of Science & Technology, GoI. Award was handed over to IITMIC CEO by Hon'ble President Shri Pranab Mukherjee on 19th National Technology Day in New Delhi, 11th May 2017. 
This is dedicated to all IITM incubated startups, mentors, Institute/IITM Research Park and alumni/industry donors. Proud moment for all.

6 Mar 2017 
New IITMIC office (Phase II, IITMRP) inaugurated by Hon'ble Minister of State for Commerce & Industry, Smt. Nirmala Sitharaman, in the presence of Shri Amitabh Kant (CEO, Niti Aayog)
Minister's interaction with IITM incubated companies: video link

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