I n   t h e   N e w s 


October 2016 Newsletter > 
Detailed news coverage in 2016 >

28 Dec 2016  
Fibsol Life Technologies wins the "LIFT India Ideation series" by Swissnex India > For their work on biofertilizer carrying nanofiber Membranes (FCM) in Urban Farming. Founders (Kavitha and Anant, IITM alumni) will be representing India at Lift Labs in Mar'17 in Geneva, Switzerland
28 Dec 2016 
IITM Research Park and the entrepreneurial ecosystem at #IITMadras has become a driving force in the startup ecosystem of the country" Ashok Jhunjhunwala, the institute's chair professor and faculty-in-charge of IITM Incubation cell >
The Hindu
27 Dec 2016   
Space, time, and the startup > Uniphore and Ather Energy featured - "From enabling rural populace and a mission to the moon to generating content and building a durable commute choice, four Indian ventures have made a mark globally this year. The Hindu MetroPlus narrates their success stories"

21 Dec 2016
IITMadras Director talks about the expanding and leading startup & incubation ecosystem at IITM Research Park, led by IITMIC and RTBI. YouTube video 
20 Dec 2016  
Growtech Innovations wins Silver and Bronze medals at Seoul Inventors Fair 2016, South Korea for showcasing: DC Refrigerator & Air to Water Generator
19 Dec 2016 
Kamal Kisan wins the prestigious "Aspirin Social Award" by the Bayer Foundation > They are 1 of the 4 startups selected by the Jury in recognition of outstanding social innovations in health and nutrition worldwide and will be awarded a cash prize of 20,000 Euros. It has been a great year for the company, with several recognitions/awards from prestigious groups in India & abroad. Kamal Kisan develops Agricultural equipment for smallholder farmers in India
Economic Times
14 Dec 2016   

Muconnect: This gadget will ensure that your phone is always charged 
ConsumeX Industries featured in the Top 50 hot startups for 2017 in Economic Times.
The company's' flagship hardware product MuConnect is the world's first fast-charging magnetic adapter for mobiles and is available for both Apple and Micro USB devices

11 Dec 2016 

Planys Technologies received “Startup in Hydrocarbon Sector – Rising Star” award at Petrotech 2016,
the premier International Oil & Gas Sector Conference and Exhibition under the aegis of the Ministry of Petroleum and Natural Gas, Government of India.

The award was handed over by Minister of Petroleum and Natural Gas, Mr. Dharmendra Pradhan

Business Standard
18 Nov 2016 

Planys Technologies launches their second indigenously developed #ROVBeluga 
Read more

(right image) shares her experience at the launch

16 Nov 2016 
Two incubated startups makes it to the Deloitte Tech Fast50 2016 List (India's fastest growing tech companies): Stellapps Technologies (#2 position) and Nadhi Information Technologies (#36) > A proud moment for IITMIC and RTBI! 
16 Nov 2016  
Planys Technologies (Tanuj Jhunjhunwala, cofounder CEO) wins the Takeda Young Entrepreneurship Award 2016. The monetary prize is two hundred thousand yen > Previous winners were IITM(RTBI) incubated companies: Stellapps Technologies Private Limited (2014) and Invention Lab - Avaz FreeSpeech (2013)
Economic Times
16 Nov 2016  
Wearables for cows: How Stellapps Technologies is 'Milking' its way to success >  (RTBI) incubated Stellapps Technologies Private Limited is India's first company to take the power of technology to the dairy sector
5 Nov 2016 

Detect Technologies wins Superpreneur Award at TiEcon - Chennai, and a cash prize of Rs 1lac

Economic Times
28 Oct 2016 
Ather Energy raises $30.5 million (Rs. 205 crore) from Hero MotoCorp > Ather has received Rs 180 cr of the total investment with the rest due to be released in tranches. The deal values the 3yr old company at Rs 680 - 790 crore. Hero buys 30% stake in Ather.
Watch Tarun Mehta's interview on ET Now

16 Oct 2016 
 #IITMadras' Rural Technology & Business Incubator (RTBI) completes 10 years! A decade of solving rural problems with technology > From tinkering with ideas in a small lab within IITM 10 yrs ago to brainstorming in a spacious office in the IITM Research Park today, the RTBI has shaped the course of 45 companies till date. Of these, 17 companies have graduated, 18 have raised angel/venture funds to the tune of over 100 crore and 28 are revenue-making. Firms incubated here work in varied areas, including energy efficiency, water & wastewater management, education & skill development, agri-space innovations and speech recognition solutions.
Economic Times
16 Oct 2016  
The idea that one need not make money in a social venture must change: Ashok Jhunjhunwala > A decade ago to the day, Padma Shri Ashok Jhunjhunwala started RTBI at IIT Madras
Living Science
4 Oct 2016  

Green Homes for India : Enabling India get 50% of its Power from Solar by 2030 - 
Prof. Ashok Jhunjhunwala, IIT Madras

16 Sept 2016 
Kamal Kisan wins the Syngenta 'Best Agricultural Enterprise' at the DBS - NUS Social Venture Challenge Asia in Singapore > IIT Madras (RTBI) incubated company Kamal Kisan received an award of S$10,000 for being the best agriculture social enterprise. Company develops tools to help farmers reduce labour-intensive tasks and increase profitability. One of their tools is the sugarcane planter that improves efficiency by 80%.
Economic Times
08 Aug 2016  
2016 is the banner year for IIT Madras it seems, when we claim the leadership spot !
Ather Energy wins "The Economic Times Startup Awards 2016" under 'Best on Campus' category > 
Congratulations to the finalists and a proud moment for IITM Incubation!

How the jury selected winners for the ET Startup Awards 2016 > The Best on Campus category — where startups founded in colleges are recognised — came in for attention and praise. ‪#‎IITMadras‬ was especially singled out because four out the five in the shortlist were born on the Chennai campus. The eventual winner, Ather Energy, was one of them. Hosanagar actually wanted IIT-Madras to be awarded a prize.
Times Internet Vice-Chairman Satyan Gajwani described the Best on Campus category as "pretty amazing" for throwing up interesting surprises. "It is very interesting to see the kind of innovations coming out from these college campuses. It wasn't the usual 'Let's build an ecommerce company'. It's disruptive and different," he said. 
Economic Times
03 Aug 2016 

Four IITMIC incubated ‪startups‬ shortlisted as Top 5 contenders for "The Economic Times Startup Awards 2016" under 'Campus startup' category
Planys Technologies, Detect Technologies , HyperVerge and Ather Energy

An inspiring and proud moment for all! 
The companies are founded by IITM students & graduates (some jointly with their faculty mentors), and are working primarily in the manufacturing sector.

Winners to be decided on Saturday, 6th Aug.

03 June 2016 
TIME Next Generation Leaders 2016 > Umesh Sachdev, cofounder CEO of Uniphore selected in Top 10 'Next Generation Leaders' from around the world by TIME magazine
10 May 2016 
InnoNano raises $18 million funding from NanoHoldings, an energy and water investment specialist firm in US >  IITMIC incubated company InnoNano (nanotech based water purification company for arsenic removal) 

See Older News items: 20162015 | 2014 | 2013