IIIT-Hyderabad sets up social enterprise incubator

Applied research is a major focus for the institute, with an active initiative around research-led innovation through its Center for Innovation and Entrepreneurship (CIE)

By Author  |  Published: 19th Jul 2019  5:58 pm
IIIT-Hyderabad

Hyderabad: IIIT-Hyderabad in partnership with Surge Impact Foundation and support from Atal Innovation Mission, NITI Aayog and Government of India has established the AIC-IIITH Foundation, a new incubator focused on startups leveraging technology to create social impact.
By virtue of being located within the IIIT-Hyderabad campus, AIC-IIITH is positioned to leverage the institute’s innovation and startup ecosystem. Organised as a set of research centres, IIITH is regarded as a leading institution for computer science research in the country.

Applied research is a major focus for the institute, with an active initiative around research-led innovation through its Center for Innovation and Entrepreneurship (CIE). CIE runs one of the largest academic startup incubation endeavours in India started in 2008 with initial funding from DST and MeitY. In 2018, IIITH started the MedTech BioNest with support from BIRAC. CIE also has a thrust on seeding new startups based on research through the Product Labs of the institute.

Speaking on the AIC-IIITH Incubation Programme, professor P J Narayanan said, “IIITH is happy to partner with Atal Incubation Centre in this programme as it is in keeping with the institute’s credo of encouraging research and education that makes a difference. Through this programme, tech-based social enterprises can make significant impacts for the betterment of society”.

AIC-IIITH is inviting applications for the first cohort of its AIC-IIITH Incubation Programme aimed at supporting for-profit social enterprises that have developed a prototype of their tech-based product and/or solution. Social enterprises solving social or environmental challenges in India and helping the country move towards achieving Sustainable Development Goals (SDGs) can apply to AIC-IIITH’s six-month incubation programme. Last date for application is July 31.

The programme will provide selected startups with services such as business coaching, networking and mentoring, lab access and investor connects. Participants will also have the opportunity to attend boot camps, including workshops, mentor and expert chats as well as peer learning sessions. Selected startups will be given an opportunity to apply for seed funding as well.Social entrepreneur and CEO of AIC-IIITH Foundation Rajkumar Janagam envisions AIC-IIITH to catalyse SDGs using technology and to become a thought leader in the space of technology for social impact.

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