IIT Bombay and Dept of Science and Technology to incubate hardware and systems startups
The programme aims to support up to 20 startups; call for applications to be announced sooneducation Updated: Aug 10, 2016 17:55 IST
The Department of Science and Technology (DST), Government of India, Intel Technology India Pvt Ltd, and Society for Innovation and Entrepreneurship (SINE), IIT Bombay, have collaborated to launch the Collaborative Incubation Programme for Hardware and Systems Startups. The aim is to boost innovation and entrepreneurship.
What makes this collaboration unique is that the industry, academia and government have come together to support hardware and systems-based startups in the country through mentoring, training, lab facilities, hardware kits, prototyping, business services, funding, etc.
The announcement was made on Saturday in the presence of Prof Ashutosh Sharma, secretary, DST, Ramesh Abhishek, secretary, Department of Industrial Policy and Promotion, Government of India, Nivruti Rai, general manager, Intel India, and Prof Devang Khakhar, director, IIT, Bombay, among others.
With this, gaps companies face will be addressed in the hardware and systems start-up ecosystem that companies face in product design, development, commercialisation, and creating scale for their solutions.
About 20 startups will be supported. Call for applications for the first batch will be announced soon. During the year-long programme, start-ups will be supported for six months onsite at SINE, IIT, Bombay or Intel India, Bengaluru. After a period of six months, the startups’ solutions will be showcased to investors and industry players at a demo day, after which extend virtual support to the incubatees for another six months.
Participating startups will be incubated through intensive training periods, one-on-one mentoring, technology related support from Intel experts, business service support from SINE, as well as prototyping and manufacturing support.
Intel India will build capacities through mentors, and provide technology- related support, besides facilitating ideation, design thinking, prototyping workshops and manufacturing support through industry experts.
SINE is the business incubator at IIT Bombay, and supports technology startups that are based on products or intellectual property. It has been supporting start-ups since 2004 and has so far supported more than 80 startups. HK Mittal, advisor and head, National Science and Technology Entrepreneurship Development Board, DST, Government of India, said, “DST is committed to supporting technology and entrepreneurship initiatives that are of relevance to national needs. We have had very positive experiences in the past working with both Intel and SINE in the areas of innovation and entrepreneurship. For the first time, DST, Intel and SINE are collaborating to incubate hardware and systems startups in India.”
Prof Khakhar also added that SINE had been working on incubating product and IP-based startups in India, and the new, collaborative, sector-specific programme was further evolution of its activities. SINE has so far focused on startups from IITB. This new initiative, supported by DST, will extend SINE’s role to help start-ups across India and increase IIT Bombay’s contributions to the ecosystem.