Newsletter - Feb 2016
Technology Startups @IITM
IITM Incubation Ecosystem
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'India's Stanford' IIT-Madras is now home to a thriving entrepreneurial ecosystem comprising 95+ startup companies pioneering solutions in areas such as manufacturing, IoT, clean energy, water, biomedical devices/healthcare, education, agri-tech and IT(SMAC) (link). There is also a strong social entrepreneurship base (link). All IITM incubators (nodal body IITMIC & sector-specific RTBI, BI and MedTech) and a majority of the startups are located in IITM Research Park
HIGHLIGHTS of 2015 -16


> Industry Donates INR 1.5 crore to IITMIC under Corporate Social Responsibility: Titan and Cholamandalam Finance will support incubation activities (link)
> Seed funding enabled to IITM incubatees
-  Startup Fund (alumni donations): 30 incubatees provided seed grants (₹5-10 lakh) by IITMIC
-  RTBI / IITMIC seed funds (supported by GoI & CSR): 22 companies funded ₹15-25 lakh each
-  15 incubatees received ₹ 6.25 lac grant from MSME (GoI)

-  4 incubatees received Birac-BIG & SIBRI grants
> 12 IITM companies featured in IIT Madras Calendar 2016 

> Startups raise capital from Angel and VC investors: 
- Ather Energy raised $12M from Tiger Global
- DocsApp raised 
Series A investment 
- Hyperverge raised
 $1M as Seed Series investment
- Uniphore raised Series A funding from Kris Gopalakrishnan & existing investors
- Airwood, Planys, Edsix Labs, Greenvironment, Clozerr raised 
Angel Investments
> 23 companies have Graduated from IITMIC & RTBI: several located at RP as R&D clients


16 JAN 2016 Startup India Launch by Hon. PM in Delhi - attended by over 20 IITM incubatees (based on invitations through DIPP). Here in Chennai, IITMRP and Incubation team/startups had an opportunity to interact live with the Hon. Prime Minister. 

IITM Research Park & Startups incubated @IITMIC @RTBI interact LIVE with Hon. Prime Minister at the Launch of Startup India: watch from 1.05.25 
(CLICK on BELOW IMAGE: Telecasted Live on YouTube, DD, NDTV 16 Jan'16)

26 JAN 2016  IITMIC hosted an Interaction, panel discussion & lunch with Mr KANWAL REKHI, a globally recognized Venture Capitalist, Angel investor and entrepreneur, currently serving as MD at Inventus Capital Partners. (Co-partner: IITMAA, Chennai)
12 FEB 2016  IITMIC and Research Park co-sponsored The TechSaloon - 'Higgs Boson- the God Damn particle' - an evening with Prof Jim Libby (Phy, IITM)
A layman introduction to Higgs Boson, CERN's Large Hadron Collider fascinating the world - a great audience followed by a vibrant High Tea.

28 DEC 2015  IITMIC introduces IITM incubation/Startup ecosystem to visiting alumni at Reunion Day 2015  - "IIT-M alumni to donate Rs 8cr to fund startups & work closely with IITMIC to encourage entrepreneurship > "
Read more .....
I N   T H E   N E W S
Live Mint 16 Feb 2016 IITs look to nurture start-ups, host companies’ R&D centres > Feature on IITMRP
Economic Times 13 Feb 2016 IITM allows professors to take sabbaticals to focus on their startups > 
ET 04 Feb 2016 Joint Ventures by students and faculty members on the rise at IIT-Madras >  "28 of the 95 tech startups incubated at IITM have faculty members as founders or minority shareholders"
YourStory 03 Feb 2016 The story behind India’s first smart electric scooter > Ather Energy is set to launch their smart electric scooter (Ather S340) soonAther is set to invest Rs 25 crores by 2016 to kickstart manufacturing of S340. 
Rediff, 02 Feb 2016 
The Man Who Launched 100 Start Ups > 

The New Indian Express 1 Feb 2016 Planys Tech brings Underwater ROV to India's Marine Inspection > 
Hindustan Times 1 Feb 2016 No Facebook yet, but campus startups thrive in India > IITMIC incubatees Clozerr & Detect featured
ET 28 Jan 2016 Govin Capital (Singapore) to mentor & invest in Biotech & Med-Tech startups from IITM >
YourStory 12 Jan 2016 Small town boy from Tamil Nadu starts vernacular platform GUVI for IT learning > RTBI incubatee GUVI featured
Hungry Forever 20 Dec 2015 HF Gets Clozerr With Rahul KR, Founder Of The Popular Restaurant Loyalty App > 

Uniphore Ranked No 10 Fastest Growing Tech Company on Deloitte Technology Fast 50 India 2015 >
Times of India 20 Mar 2015 IIT-Madras is India’s Stanford >
Upon admission incubatees offered shared office space & infra at IITMRP on case-by-case assessment basis. Basket of Support & Services is available to incubatees including access to seed funds and MENTORING (IITMEF alumni mentors & industry heads).
Apply for Incubation at IITMIC: link | RTBIlink | Bioincubatorlink
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