IITM Incubation Cell
Venture Capital & Private Equity - Chennai, Tamil Nadu, India
IITM Incubation Cell Employees
IITM Incubation Cell Senior Management
IITM Incubation Cell Details
Today, #IITMadras is one of India's leading Technology Startup hubs with #innovation & impact as key differentiators/drivers. Spearheaded by its nodal incubator, IITM is empowering entrepreneurs to address national challenges through successful, self-sustaining companies. As the nodal incubator, #IITMIC links & synergizes sector-specific incubators (Rural Technology and Business Incubator, Bio- & MedTech incubators), student pre-venture initiatives and translational research at IITM. IITMIC provides ‘concept to scale-up' support to technology & knowledge-based startups through a holistic ecosystem with access to: • World-class R&D infra at IITM: unmatched support for translating innovative concepts into viable products• Workspace with infra suited to both hardware & software Cos. & access to domain experts from industry co-located in IITM Research Park • Business support services (accounting, company secretary, legal and IP), training & networking• Seed & early stage funding (Startup Fund comprising industry /Alumni donations & Grants from Govt of India) & connection to angel investors/ VCs• Mentoring in tech/design & market entry by eminent experts from IITM Faculty, Alumni and Industry headsOur Work in Numbers Tech Startups incubated: 170• Founders: students, faculty & alumni of IITM (62%); external entrepreneurs (38%)• Sectors: manufacturing, robotics, auto, renewables/energy, water, Agri-tech, IoT, deep tech, Edu-tech, Biotech, medical devices, etc.• Seed Funding by IITM Incubators: Rs 15 crore (US$ 2M) spent till date (as grants/soft loans/convertible debt/equity to incubatees) o Fund sources: grants from GoI; Alumni & Industry-CSR contributions (Titan, Chola Finance, Goldman Sachs India, Amex, ANSYS, TBO, ATOS India)• 41 startups raise total investment of Rs 972 crore ($135M) from angel investors/VCs • 63 generate cumulative revenue of Rs 134 crore (14M) in FY 2016-17• Direct Jobs created: 2500• Graduates: 59 companies
