{"id":61674,"date":"2025-04-30T01:33:17","date_gmt":"2025-04-30T01:33:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/61674\/"},"modified":"2025-04-30T01:33:17","modified_gmt":"2025-04-30T01:33:17","slug":"iit-madras-incubated-over-100-start-ups-in-past-financial-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/61674\/","title":{"rendered":"IIT Madras incubated over 100 start-ups in past financial year"},"content":{"rendered":"

\"Over<\/p>\n

\n Over 50% of the 104 start-ups were founded by the institute\u2019s students, faculty, staff and alumni., says IITM director V. Kamakoti,\u00a0\n <\/p>\n

The Indian Institute of Technology Madras has incubated more than 100 deep tech start-ups in the past financial year. <\/p>\n

In the last 12 years, the institute\u2019s incubation cell has supported 457 deep tech start-ups, collectively valued at \u20b950,000 crore. This figure is based on investments raised through venture capitalists. Among them are two unicorns and one company is on the verge of an IPO. <\/p>\n

The start-ups were founded by the institute\u2019s faculty, staff, students\u00a0and alumni. External entrepreneurs have also contributed to them which span a range of critical and emerging sectors, including manufacturing and robotics to space tech, aero and defence, AI biotech and Internet of Things.\u00a0<\/p>\n

\"\"<\/p>\n

A few of the successful ventures are Ather, Uniphore, Medibuddy, Hyperverge, Stellapps (MooPay), Agnikul, Planys, Detect, Mindgrove, Guvi and Galaxyeye.\u00a0<\/p>\n

Institute director V. Kamakoti, who announced the achievements on Saturday, said the aim was to achieve the \u2018Startup 100 Mission\u2019 set in early 2024. The cell had incubated 104 start-ups during the financial year 2024-25. He said it was made possible by the sector-specific incubators such as Pravarthak, Bioincubator, HTIC MedTech RTBI and the institute\u2019s School of Innovation and Entrepreneurship. <\/p>\n

Over 50% of the 104 start-ups were founded by the institute\u2019s students, faculty, staff and alumni. As many as 48% were founded by external entrepreneurs, strengthening and showcasing IITMIC\u2019s diverse entrepreneurial ecosystem.\u00a0<\/p>\n

Mr. Kamakoti said: \u201cThe challenge of \u2018Start-up Shatam\u2019 (100 start-ups), which translates to incubating one start-up every third day, was taken up on\u00a0April 1, 2024. The institute has incubated start-ups across a broad spectrum. This is our humble contribution to a Product Nation, a Start-up Nation and Viksit Bharat 2047.\u201d \u00a0<\/p>\n

The newly incubated start-ups are working in various sectors such as manufacturing, robotics, automotive and batteries, materials, defence and aerospace; AI, ML, AR\/VR, blockchain, quantum computing, analytics\/SAAS and fintech; health tech; biotech, pharma, agritech; IoT, and cyber physical systems.\u00a0<\/p>\n

Prabhu Rajagopal, head of the School of Innovation and Entrepreneurship, said, \u201cIn the coming year we plan to strengthen the mentoring and go-to-market strategies as well as drive the emergence of multinational start-ups\u201d. <\/p>\n

The School of Innovation and Entrepreneurship, which houses IITM\u2019s pre-incubator Nirmaan, hosts 129 pre-venture teams actively working on deep-tech themes, with 113 under the Pratham training phase and 16 under the Akshar pre-incubation phase.\u00a0<\/p>\n

Published – April 27, 2025 07:31 pm IST<\/p>\n","protected":false},"excerpt":{"rendered":"Over 50% of the 104 start-ups were founded by the institute\u2019s students, faculty, staff and alumni., says IITM…\n","protected":false},"author":2,"featured_media":61675,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3094],"tags":[51,3490,3134,31834,31835,3322,16,15],"class_list":{"0":"post-61674","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-deep-tech","10":"tag-entrepreneurship","11":"tag-iit-madras","12":"tag-incubation-centre","13":"tag-startups","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114424342441215535","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/61674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=61674"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/61674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/61675"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=61674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=61674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=61674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}