Newsletter - October 2016
Technology Startups @IITM
IITM Incubation Ecosystem
View this email in your browser
We are delighted to announce that IIT-Madras has now crossed the landmark of formally incubating 100+ Tech Startups, under IITMICRTBI and BI. 29 companies have graduated, with many having raised angel/VC investment and/or achieved sustained revenue growth. IITM startups are solving real world business and social problems, thereby creating new markets, newer avenues for wealth creation and whole new eco-systems. 
Our Work in Numbers
  • Ventures incubated: 102  (60 startups in last 2 years)
  • Founders: students, faculty, staff & alumni of IITM; external entrepreneurs
  • Sectors: manufacturing, IoT, energy/power, water, biomedical devices/healthcare, education/skill development, agri-tech and IT(SMAC)
  • 30 startups raise total investment of ₹ 580 crore+ from angel investors/VCs 
  • Graduates: 29 companies
  • 47 companies generating revenue
Four IITM incubated ‪startups‬ in Top 5 of "The Economic Times Startup Awards 2016" under 'Best on Campus' category. #IITMadras was especially singled out because 4 out of the 5 in the shortlist were born on the Chennai campus - one of the jury members wanted IITM to be awarded a prize. Times Internet VC Satyan Gajwani said:  "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 e-commerce company'. It's disruptive and different," he said.   Read more
Ather Energy wins ET Startup Awards 2016  Read More
An inspiring and proud moment for all! Winner and finalist companies are founded by IITM students & graduates (some jointly with their faculty mentors), and are working primarily in the manufacturing sector. Watch Acceptance Speech3 Sept'16
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.  
ISBA (Indian STEP And Business Incubator Association) conferred their "Startup Awards 2016" to IITM(RTBI) startups:
Stellapps Technologies - 'Innovative Company of the Year for Business Success' Award 
Cygni Energy under incubatee category - click image to play video
Kamal Kisan wins the Syngenta 'Best Agricultural Enterprise' at the DBS - NUS Social Venture Challenge Asia in Singapore.  
RTBI incubated Kamal Kisan 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%.
Cover Story in Sept 2016 issue of Outlook Business "
Good Businesses 2016 - Planting Machines"  Kamal Kisan seeks to ease the troubles of small farmers with its low cost and easy-to-use products. RTBI CEO also finds a mention. 
Read more
The reinvention of IIT-Madras - How IIT-M rose up to #1 in India’s first ever institutional ranking
> Hon. Minister Shri Piyush Goyal's rendezvous with Green Building, Green Home & Green Transport at IIT Madras  Press Conference: Youtube | Speech at IITM: Youtube
> 'Outlook Business' Cover stories (Aug and Sept issues): Ather Energy, Invention Lab, Uniphore &  Skillveri featured
> Ather's Open House held at IITM Research Park - video

> Uniphore raises $2 million as bridge funding 
> Planys Technologies selected in #tech30 for Techsparks 2016, YourStory
> IITians sweep American Bazaar Startup awards - Detect Technologies wins 
Innonano raises $18 million VC funding  
> Airwood raises an undisclosed amount in seed funding from StartupXseed Ventures LLP (backed by V Balakrishnan, TV Mohandas Pai, Ranjan Pai & others)
DocsApp raises $1.2M (INR 8 crore) from Facebook's early investors & IITM alumni Anand Rajaraman & Venky Harinarayan, & Japanese VC firm Rebright Partners 
> Enability Foundation's product Tactograph featured in NASSCOM Social innovation forum-2016 "Ideas that Impact" 
> Daksha Imaging launches its first product: Smart Cloud CCTV System (dCCS)
> Planys Technologies awarded 'Young IITM Alumni Entrepreneur Award 2016' by IITM Alumni Association
> Ather Energy is one of the 10 Most Interesting Innovations From the Genius Pool of IITians
> Online document authentication tech company Myeasydocs makes to the list of '30 FinTech Startups Shortlisted By HDFC Bank For Digital Innovation Summit'  
EVENTS: Workshops hosted by IITMIC & RTBI
Brainstorm to Build Domain-Specific Startups - An IITM Impact Workshop Series  
#Brainstormtobuild Workshop Series was successfully launched on 13th Aug at IITM Research Park. The First Edition on ‘Medical Devices’ was well-attended by 120+ participants, mostly students. We witnessed a vibrant audience engagement while they tried to understand the entrepreneurial opportunities in the domain. Click below image to view full video
To provide insights into the domain, we had talks by Dr. G.S.Bhuvaneshwar (Distinguished Alumnus Awardee of IITM with experience of 4 decades in medical devices development and testing) and Mr. Siraj Dhanani (CEO and founder of InnAccel, a medtech incubator in Bangalore). The entrepreneurial perspectives was provided by two startup companies -- Forus Health and Perfint Healthcare. This was followed by an intensive discussion that involved members of industry, faculty, students, research scholars, alumni and start-ups
To participate in future workshops: register 
The Fifth Gear  - Accelerate your venture
We also kicked-off our new series 'The Fifth Gear' on 17th August at the IITMRP. #iitm5G is an highly interactive session with industry experts, serial entrepreneurs and investors hosted by IITMIC. Event is open to incubated IITM startups, aspiring student/faculty entrepreneurs & IITMEF mentors.
1st Session: 'Path to Profitability' - by G.Venkat  
(click on image below to see the video)
Think Like a Start-up series          #ThinkStartup
24th Aug Session @IITM campus: Rohit Roy of AdNuance Inc provided a realistic and practical approach of starting up using validation idea and techniques to aspiring entrepreneurs. It was a full-house event attended by students in IITM and across engineering colleges in Chennai
To participate in upcoming TLAS sessions sign-up here 
In the News
The New Indian Express Learn in your language via GUVI on Youtube 
The Hindu Business Line A cool solution for air-conditioners - Swadha Energies featured 
Times of India The S-files: Detecting leaks in gas pipes for the biggies - Detect Technologies featured
Tech In Asia Meet Mike, a little underwater robot that scuttles beneath the sea taking videos  
TOI These Indian startups are building products for those with disabilities -  Invention Labs Enability featured 

Deccan Chronicle Robot ‘Mike’ checks out Chennai Port - Planys featured 
The Hindu Bridging the gap one language at a time > Umesh Sachdev, cofounder CEO of Uniphore, was named one of the 10 Millennials Who Are Changing the World by TIME magazine this year. 
The Hindu Business Line Simulating processes to help industries skill-up Skillveri Training offers welding simulator and readying one for painters
The Hindu Business Line Re-using waste, earning dividends Greenvironment featured, which monitors wastewater treatment systems in residential and commercial complexes 
The Hindu Business Line Making hay while the sun shines - Cygni Energy featured, which powers homes and businesses through solar energy 
Economic Times With ingenious tech tweak, IIT-Madras seeks to brighten lives of 300 million power-starved Indians - Decentralized solar DC power: 'inverterless system' from IIT Madras
The Wire Why Academic Startups in India Have it Trickier Than Most - Innonano (a nanotechnology-based water-purification ‪startup‬ founded by Prof T. Pradeep), which has raised $18 million in VC funding & hope to expand the company’s operations to Africa, Southeast Asia and Latin America. This is one of the highest investments that tech startups in India have seen of late, especially in a non-IT field.
Economic Times Government plans much-needed push for technology incubation centres Unilumen Photonics (fibre lasers in opthalomology surgery) featured 

Harvard Business Review Industry-Academic Partnerships Can Solve Bigger Problems > MD of Saint-Gobain Research India, speaks about the success of academia partnership with IITM in the Harvard business review
The Week - Safety points - Startups are cool. But hype often hides the pitfalls - Co-authored by Faculty coordinator of Ecell & CEO of IITMIC
The Hindu Business Line IIT-Madras all set to score a centum
The Hindu Business Line - Cementing the gap in construction management Feature on Nadhi which builds enterprise planning software for construction industry

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
Details: see previous issue of the Newsletter
IITMIC is now open to receiving incubation applications from external entrepreneurs
Copyright © 2016 IITM INCUBATION CELL, All rights reserved.

Our mailing address is:

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
IITM Incubation cell · 03 A2, Third Floor, IIT Madras Research Park Kanagam Road, Taramani · Chennai 600113 · India

Email Marketing Powered by Mailchimp