IIT Madras Incubation Cell

25/10/2024

The reports, an investment of ₹17 crore from to -incubated startup

This strategic funding is aimed at advancing satellite-based Earth observation @⁨Rashmi Ma'am Iit SM 2⁩ hello ma'am please find today's post content for review:

This strategic funding is aimed at advancing satellite-based Earth observation technology, combining multispectral imaging with cutting-edge AI. GalaxEye’s innovations will enable more precise and comprehensive data collection from space, aiding sectors such as agriculture, disaster management, and environmental monitoring.

The investment will further strengthen the collaboration between technology and industry, driving impactful solutions for real-world challenges.

Read the full article here: https://shorturl.at/C

IIT Madras Incubation Cell

24/10/2024

As reported by The Times of India , incubated (IIT Madras Incubation Cell) AMT founder Mr Abdus Samad A R takes us through how the idea for Arus MR Tech (AMT) was born and his journey towards founding it in October 2018 in Chennai. Inspired by a lecture on smart fluids during his time at Hindustan University, Mr Abdus embarked on years of dedicated experimentation, despite numerous setbacks, to create market-disrupting MR (magnetorheological) fluids and electronic shock absorbers - branded MagneshoX. Today, AMT stands at the forefront of innovation, scaling production and securing investment to fuel its ambitious expansion.

With the support of , collaboration with Daimler India , and recent funding from the Japanese firm Enrission, AMT is poised for a rapid growth. Mr Abdus envisions expanding the company’s workforce, manufacturing capabilities, and global market reach, aiming for a billion-dollar valuation by 2030. His story is a testament to resilience and innovation, demonstrating that persistence and ex*****on are key to turning ideas into successful ventures.

Read full article here: https://timesofindia.indiatimes.com/business/india-business/smart-fluids-fuel-this-firms-growth/articleshow/114194344.cms

04/09/2024

What an incredible experience at IIT Madras Incubation Cell's Boeing Startup Demo Day! The Chennai Angels (TCA) Chennai Angels had a fantastic time exploring innovative startups and making valuable connections. Our AVP, Darshan Kumar, had the pleasure of meeting Gowtham S. Manager of Operations and Member Liaison at Keiretsu Forum, as well as the dynamic entrepreneurs Dhantanu and Smrati from Satiq.

04/09/2024

The ThePrint notes IIT Madras, Director Prof. V. Kamakoti's talks about his vision of launching 100 start-ups annually by 2025, with the ambition that every 3rd day, a new start-up will emerge at .

With over 370 start-ups already incubated at the IIT Madras Incubation Cell and 382 patents filed in 2023 alone, including unicornsAther Energy and Uniphore, is a powerhouse of innovation.

As the top-ranked engineering institute in India, continues to revolutionize education with a revamped curriculum, real-world internships, and a strong focus on socially impactful research.

Read the full article here: https://theprint.in/india/education/students-assess-faculty-a-startup-is-born-every-3rd-day-at-iit-madras-revolutions-no-dinner-party/2238937/

11/01/2024

13/10/2023

'Converting Business Potential into Revenue' - An engaging Startup Essentials session facilitated by Mr. Santosh Nair at IITM Incubation Cell.

Our distinguished speaker for the session, Mr. Santosh Nair, is a mentor and business consultant, mainly focusing on growth consulting and has over 30 years of experience in Business, Sales and Marketing and has served in key positions at ITC, Ford, Mahindra Holidays, NIIT and more during the span of his career.

Sharing a glimpse of the session on 31st August 2023 that mainly focused on various revenue/ business models, revenue streams, value drivers, profit and revenue optimization and pricing strategies.

To view session - https://youtu.be/UqjnL1Mo9C4?si=XWFppFF2pL2CMI8h

13/09/2023

We are delighted to announce that IITM Incubation Cell has entered an MoU with PSNA College of Engineering and Technology, in agreement to work together to provide incubation support and facilities to young engineering talent and aspiring entrepreneurs.

We are also thrilled to extend support to PSNA College of Engineering and Technology in establishing Build Club - an initiative that strengthens that entrepreneurial ecosystem by encouraging hands-on learning and a culture of 'building' innovative products.

PSNA College of Engg. and Tech., Dindigul, TN, India

28/08/2023

We're proud to share that Vaayusastra has been awarded "Best Training Partner" by the Aerospace and Aviation Sector Skill Council under the Skill India campaign at HAL Bangalore.

Vaayusastra Aerospace, an RTBI (IITM's Rural Technology and Business Incubator) startup, has been actively working on advanced technologies and educational research in the aeronautics and aerospace sector.

Here's a glimpse of Vaayusastra's win - https://youtu.be/SBoGzdoNvU8?si=n1eQtEzoUvqvrvSp

Vaayusastra | AASSC

Best Training Partner Award from AASSC (Aerospace and Aviation Sector Skill Council)

24/08/2023

"India's EV revolution has begun", and Ather Energy is at the forefront of this massive shift in the country's personal vehicle market.

“Two-wheelers are going electric crazy fast,” says Tarun Mehta, Co-founder and CEO, Ather Energy. From humble beginnings as an incubated startup at IITM Incubation Cell, to manufacturing about 15,000 units daily at present for the rapidly growing Indian market, Ather Energy continues to be one of the most successful startups in the EV industry.

Read full article here - https://www.cnn.com/2023/08/22/business/india-electric-vehicles-push-challenges-intl-hnk/index.html

CNN | Ather Energy

At a startup factory in Hosur, a southern Indian city not far from Bangalore, the assembly line is buzzing with lightning-fast activity.

17/08/2023

We're delighted to announce that IITM Incubation Cell joins hands with Campus Angels Network to expand the investments, mentorship and networking support to IITMIC-incubated deep-tech startups.

This partnership further strengthens the startup ecosystem at IITMIC, enabling our startups working on various deep-tech areas to gain early market traction, and enable them to scale their innovation to commercialization.

17/08/2023

🤝 Joining hands towards rural employment & empowerment!

We're thrilled to announce a strategic partnership between RTBI (IITM's Rural Technology and Business Incubator) and the National Institute of Rural Development and Panchayati Raj (NIRDPR)!

At its core, this partnership seeks to empower rural communities, nurture local talent, bring up new rural enterprises, while addressing challenges related to rural unemployment and migration.

This will collaboratively facilitate establishment of rural enterprises, effectively bridge urban-rural gaps, and establish a cutting-edge Technology Incubator and Research Park at NIRDPR, Hyderabad. In addition, RTBI will extend its support in various domains, including Technology development linked to Bharat Net, fostering micro-enterprises among SHG members, and providing skilling initiatives for nurturing entrepreneurial talent.