IITM Incubation Cell incubated startups totaled 350 in 2023 and have a combined valuation of ₹45,000 crores. In the financial years 2022-23, they have a combined revenue of ₹3,000 crores. We are delighted to share that IITM Incubation Cell was featured in The New Indian Express, reviewing the year 2023 at the nodal incubator of Indian Institute of Technology, Madras In conversation with Mr. Vaitheeswaran Balasubramanian of The New Indian Express, Dr. Tamaswati Ghosh, CEO of IITMIC expressed, “We are sector-agnostic, but we would focus on certain areas of interest and attract young entrepreneurs (for that), in the next three months,”. IITMIC aims to incubate at least 100 startups in 2024 year with focus on #climatetech, #agritech, #ruraltech, #water, #sustainability #ESG, #factoryofthefuture, #supplychainmanagement. Read article here - https://lnkd.in/gvvvkEYk #startups #iitmic #entrepreneurs #iitmadras #startupindia #deeptechstartups IIT Madras Research Park (IITMRP) IIT Madras Bioincubator IITMs HTIC MedTech Incubator IITM Pravartak Technologies Foundation Office of Global Engagement, IIT Madras NIRMAAN IITM IIT Madras Foundation RTBI (IITM's Rural Technology and Business Incubator) MeitY Startup Hub StartupTN
IITM Incubation Cell
Venture Capital and Private Equity Principals
Chennai, Tamil Nadu 31,521 followers
Spearheading India's leading Deep Tech Startup hub with a portfolio of 365 startups valued @ $5.6B & creating 10k+ jobs
About us
Today, #IITMadras is one of India’s leading Technology Startup hubs with #innovation & impact as key differentiators/drivers. Spearheaded by its nodal incubator, IITM is empowering entrepreneurs to address national challenges through successful, self-sustaining companies. As the nodal incubator, #IITMIC links & synergizes sector-specific incubators (Rural Technology and Business Incubator, Bio- & MedTech incubators), student pre-venture initiatives and translational research at IITM. IITMIC provides ‘concept to scale-up’ support to technology & knowledge-based startups through a holistic ecosystem with access to: • World-class R&D infra at IITM: unmatched support for translating innovative concepts into viable products • Workspace with infra suited to both hardware & software Cos. & access to domain experts from industry co-located in IITM Research Park • Business support services (accounting, company secretary, legal and IP), training & networking • Seed & early stage funding (Startup Fund comprising industry /Alumni donations & Grants from Govt of India) & connection to angel investors/ VCs • Mentoring in tech/design & market entry by eminent experts from IITM Faculty, Alumni and Industry heads Our Work in Numbers Deep tech Startups incubated till date: 300 • Founders: students, faculty & alumni from pan IIT (45%); external entrepreneurs (55%) • Sectors: manufacturing, robotics, auto, renewables/energy, water, Agri-tech, IoT, deep tech, Edu-tech, Biotech, medical devices, etc. • Total investment raised - Rs 9400 crore (US$ 1.1B) from angel investors/VCs • Valuation (based on last investment raised): Rs 38000 Crore (US$ 4.8B) • 106 generate cumulative revenue of Rs 1860 crore ($220M) in FY2021-22 • Direct Jobs created: 7000+
- Website
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http://www.incubation.iitm.ac.in
External link for IITM Incubation Cell
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Chennai, Tamil Nadu
- Type
- Nonprofit
- Founded
- 2013
- Specialties
- Technology Business Incubator, Entrepreneurship, Tech Startups, Deep Tech, Mentorship, Startup Funding, translational research, Industry network, Skill development, Legal and compliance, Investment, Manufacturing startups, central workshop, acceleration, hardware startups, robotics, Energy, Renewables, Agritech, Edutech, Biotechnology startups, MedTech, Brainstorming workshops, Social ventures, rural ventures, Structural Inspection, AI, Machine Learning, Industrial services, Startup India, IIT Alumni connect, Robotics, smart materials, IoT, Machine Learning, Edtech, Heathtech, and Electric Vehicles
Locations
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Primary
Module 2, D Block, Third Floor, Phase II, IIT Madras Research Park
Kanagam Road, Taramani
Chennai, Tamil Nadu 600113, IN
Employees at IITM Incubation Cell
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Khushbu Sanghi
Managing Director at WishboxIndia
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Arjun M.
Founder & MD, GrowXCD | Startup Advisor & Mentor
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Soloman Raja Elumalai
Senior Associate | Good in Administration & Incubation Support at IIT Madras Incubation Cell | MBA
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Tamaswati Ghosh
CEO, IIT Madras Incubation Cell - India's leading deep-tech startup hub at IITM Research Park | PhD, Imperial College London
Updates
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🥁 Boeing BUILD 4.0: 2024 Regional Finals at IITM Incubation Cell - Final Update! After three days of intense learning and collaboration at the Bootcamp, the Boeing #BUILD 4.0 Regional Finals concluded on 13 Dec. Top 15 startups pitched to a distinguished Jury Panel, vying for a spot in the National Finals to be held in Bangalore in Jan/Feb 2025. 🔗 Watch the video here: https://lnkd.in/ggwTDzWw This event also celebrated four successful years of IITM Incubation Cell’s partnership with Boeing India for the Boeing University Innovation Leadership Development (BUILD) Program, empowering innovators to transform ideas into scalable ventures. 🔗 Learn more here: https://lnkd.in/dkuEdVjK Bootcamp Highlights: Day 1: https://lnkd.in/drQ_uyD2 Day 2: https://lnkd.in/d5N9-HFT Day 3: https://lnkd.in/dZiMJUqu 🏮 Highlights of the Regional Finals Pitch Fest on 13 Dec The Top 15 startups pitched to an expert Jury comprising: Chirag Gupta, Sai S. and Venkata Babu PS PMP® (Boeing India Engineering & Technology Centre) 🏆 Congratulations to the Top 3 startups of the Regional Finals, TN and Kerela: PRADCO - Praveen Daas Satiq Concrete Manufacturer Pvt. Ltd. - SHANTANU BHATTACHERJEE, Smrati Jain Interax AI - Akshat Gupta, Anand Suresh, Sai Sandeep Rayanuthala Best wishes to the founders as you prepare for the National Pitch at Boeing India, Bangalore, 2025! 🚀 We can’t wait to see your innovations soar to new heights! To the other 12 finalists selected from 260+ applications from TN and Kerela: Tomgo Agro Machines, Dextroware Devices, CarbonCompete, Susstains Engineering Solutions LLP, BotForge Labs, Prezitec Health, Matterize, Panoculon Labs, Susan Future Technologies, Trufly Aerospace and Nirbhav Automation, ARUS MR TECH – we hope the Bootcamp equipped you with valuable tools and insights. We look forward to continuing your journey with the IITM startup ecosystem and Boeing to help you scale up and succeed. A Big Thank You! To our Jury members for their guidance and inspiration to the startups. To the #IITMIC team for designing and conducting a stellar Bootcamp and Regional Pitch Finals! The evening concluded with a team photograph alongside Jury members, IITMIC leadership, and participants, followed by networking over high tea. 🚀 Here’s to pushing the boundaries of innovation and entrepreneurship! #BoeingBUILD2024 #IITMIC #DeepTech #StartupEcosystem #Innovation #BoeingBUILD #Boeing #IITMadras #IITMICspotlight #Deeptech #Innovation #RegionalPitch Indian Institute of Technology, Madras | Office of Innovation and Entrepreneurship IIT Madras | StartupTN | MeitY Startup Hub | IIT Madras Research Park (IITMRP) | IITM Global | NIRMAAN IITM | IIT Madras Bioincubator | IITMs HTIC MedTech Incubator
Boeing BUILD 4.0 Regional Pitch at IITMIC | Dec 13, 2024
https://www.youtube.com/
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📣 Latest from Industry-Startup Collaboration alert from #IITMIC ! 📣 On December 18th, we had the honor of hosting the dynamic team from Caterpillar Trimble Control Technologies LLC at the IITMIC. CTCT, 20-year-old joint venture between Caterpillar Inc. and Trimble Inc., a pioneer in Machine Grade Control solutions, setting new benchmarks in innovation and precision for the construction and mining industries. During their visit, Charles Arokiyadoss gave an insightful overview of IITMIC’s initiatives, followed by product demo session of our #deeptech startups – XYMA Analytics , Beebox Studios - Trusted Industry Partner for AR/VR/Web 3D Solutions and SatoriXR. A big thank you to Ben Drake, Damien Joly, John Whittaker, Jason Mclntosh, Srinivas Sripada, Praveen S and Dr. Hari M. Nair from CTCT for their valuable time, insights, and encouragement. Such interactions fuel the spirit of innovation and pave the way for impactful collaborations. We look forward to continuing to foster industry-academia collaboration and driving forward the future of innovation with our startups! #IITMIC #TourDeIITMIC #DeepTechStartup #IITMICSpotlight #IITMStartups #IITMadras #Innovation #IndustryAcademiaCollaboration #deeptech #IITMICVisitorcorner #IITMICindustryconnect Nishanth Raja , Punith Gunasekaran, Prasad Sukumaranunni, Debasis Parida, Vanishree Sadasivam
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Latest on Investor-Startup meet from #IITMIC! On December 5th, we were pleased to host Shivram Kashyap from Axilor Ventures, a B2B-focused venture capital fund that invests in early-stage #deeptech startups, with a particular focus on sectors such as Clean Mobility, Drones, SpaceTech, DefenseTech, and more. During his visit, the investor was given a comprehensive overview of the IITMIC startup ecosystem, highlighting the diverse range of innovative companies incubated here. He had the opportunity to tour AgniKul Cosmos, an IITMIC-incubated SpaceTech startup that is pushing the boundaries of the space industry. In addition to this, he had also interacted with a few of our pioneering startups–Welkinrim Technologies, Zealev DC- Tech Private Limited, Susan Future Technologies, Inbound Aerospace, Matterize, SatoriXR. These startups showcased their innovative solutions and explored various investment opportunities to drive growth and innovation. Stay tuned for updates on upcoming meetings with prominent investors from India as we continue to foster investment opportunities for our startups. Let's continue driving #startupgrowth and #innovation forward! 💡 #IITMstartups #IITMICinvestormeet #TourdeIITMIC #investorrelations #startupTN #IITMICmentors #IITMICInvestors #mentorship #investormeet NIRMAAN IITM | Office of Innovation and Entrepreneurship IIT Madras Dinesh Natarajan, Suresh Kumar Karthikeyan, Jitendra Jain, ARAVIND I B, Prabhu Rajagopal, Sarthak Saurav, Soumyadeep Sahu, Rajesh Sahoo, Soumya Subham Mandal, Mahesh Ramamurthy
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📣 Latest from Industry-Startup Collaboration alert from #IITMIC ! 📣 We were delighted to host a delegation from the DIGI Gold Card Community, Taiwan at #IITMIC on 2nd December. The delegation included: Mr. Yueh-sen Wu – Director of Policy Planning Division, Administration for Digital Industries, Ministry of Digital Affairs, Taiwan Ms. Chien Yu Chang – Project Manager – Taipei Computer Association Ms. Iris Chang – Business Strategy Specialist – Taipei Computer Association Ms. Woan-yuh Tsou – Assistant Professor, Taiwan Education Center, Saintgits College of Engineering (Autonomous). Ms. SNEHA GRACE, Saintgits College of Engineering (Autonomous) Ms. Jimena Wan-Chin Chien – Mandarin Language Teacher Taiwan Education Center (TEC) Rajagiri Business School & Rajagiri College of Social Sciences. The purpose of their visit was to explore how IITMIC supports startup success and to explore potential synergies between Taiwan's Digital Economy Ecosystem and India's dynamic innovation landscape. The visit kicked off with an engaging overview of our deep-tech startup ecosystem, presented by our CEO, Dr. Tamaswati Ghosh, where they also discussed potential collaborations, including inviting talented individuals from India's higher education sector to Taiwan for business expansion, employment, and entrepreneurial opportunities. The delegation had the opportunity to explore some of our incubated startups, including Dhvani Analytic Intelligence, which utilizes advanced monitoring technologies to drive Industry 4.0 advancements and Matterize, an AI-driven company focused on additive manufacturing. Followed by a tour to Mindgrove Technologies, which develops scalable, high-performance RISC-V System-on-Chips (SoCs) for applications in industrial automation, automotive, consumer electronics, defense, and aviation. Earlier that day, the delegation also visited the Indian Institute of Technology, Madras campus, facilitated by IITMIC. Read more: https://lnkd.in/guz8QGSc We look forward to continuing to foster industry-academia collaboration and driving forward the future of innovation with our startups! #IITMIC #TourDeIITMIC #DeepTechStartup #IITMICSpotlight #IITMStartups #IITMadras #Innovation #IndustryAcademiaCollaboration #deeptech #IITMICVisitorcorner #IITMICindustryconnect Office of Innovation and Entrepreneurship IIT Madras | NIRMAAN IITM Prabhu Rajagopal, Charles Arokiyadoss
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Quanfluence, an #IITMadras and #IITMIC incubated company pioneering photonics based quantum and quantum inspired solutions, has successfully raised $2 million in a pre-series round led by pi Ventures, with participation from Golden Sparrow, Reena Dayal and others. Heartiest congratulations to Sujoy Chakravarty, Ravi Mehta, Biman Chattopadhyay, Aditi Vaidya and Anil Prabhakar on this milestone. 🎉 We are incredibly proud of Quanfluence’s journey so far and their mission to advance Quantum Photonics Technology. The team is also working toward building a general-purpose quantum computer entirely from India within the next five to six years, leveraging the continuous variable paradigm of photonics. Read more at: https://lnkd.in/d9K6JdSQ Indian Institute of Technology, Madras #deeptech #quantum #quantumcomputing #IITMstartup #Fundingalert #IITMstartup
Super excited to announce our investment in Quanfluence alongside Golden Sparrow in a $2M funding round! Quanfluence is redefining high-performance computing through Time-Multiplexed Optical Coherent Ising Machines (CIMs). By harnessing the physics of light, Quanfluence’s technology solves complex optimization problems 100x faster and more efficiently than classical or current quantum computers. This breakthrough opens transformative possibilities across industries like finance, logistics, and healthcare. Behind Quanfluence is a world-class team with deep expertise in photonics, semiconductors, and advanced computing. Founders Sujoy Chakravarty, Ravi Mehta, and Biman Chattopadhyay have worked together for over 20 years, including building and successfully exiting a semiconductor IP services company. Their partnerships with IIT Madras and IISER Mohali further strengthen their research and product development capabilities. At pi Ventures, we believe in backing technologies that redefine entire industries. Our investment in Quanfluence reflects our commitment to enabling cutting-edge solutions that address today’s most challenging computational problems. We look forward to supporting their journey to unlock new frontiers in business and scientific innovation. Read more about why we invested in Quanfluence through our blog (link in comments). Shubham Sandeep Manish Singhal Roopan Aulakh Sohil Bhagat Alisha Parveen Komal Gupta Vinit Agrawal
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Latest on Investor-Startup meet from #IITMIC! On November 29, we were happy to host Kshitij Naik from Sigma Ventures , a venture capital fund, focuses on investing in early-stage startups that are driving innovation in the Defense & Aerospace, Consumer Tech, and Enterprise SaaS sectors. During his visit, Jayalakshmi Umadikar, Director-Corporate Connect at IITMIC, shared an insightful overview of IITMIC’s ecosystem and explored potential collaboration opportunities. Our startups, Matterize, and Inbound Aerospace, were able to highlight their innovative solutions and participate in meaningful discussions about potential investment opportunities with the investor. The potential collaboration with Sigma Ventures opens up exciting opportunities to scale and propel the next wave of innovative startups at IITMIC. 🌱💡 We look forward to more such collaborations and continue driving innovation and growth! #IITMstartups #IITMICinvestormeet #TourdeIITMIC #investorrelations #startupTN #IITMICmentors #IITMICInvestors #mentorship #investormeet Prabhu Rajagopal, Sarthak Saurav, Rajesh Sahoo, Soumyadeep Sahu, ARAVIND I B, Debasis Parida, Charles Arokiyadoss, Vanishree Sadasivam
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IITM Incubation Cell reposted this
🚀 Chennai Founders! The Pitch is coming to your city! After the stellar success in Kolkata and Hyderabad – with 70 pitching sessions, 30 leading investors, and 160+ attendees – The Pitch by VCCircle, in partnership with IITM Incubation Cell & Office of Innovation and Entrepreneurship IIT Madras and powered by VCCEdge, is set to ignite Chennai’s startup ecosystem. 📅 24th Jan, 2025 | 📍 IIT Madras Research Park Don’t miss this chance to meet investors, secure funding, and accelerate your startup’s growth. Nominate your startup now: https://bit.ly/4gg2llS #VCCThePitch #StartupShowcase #Entrepreneurship #Investors #Pitching #Funding #VCCircle Xartup
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New startup incubations at IITM Incubation Cell ! Introducing the latest additions to the vibrant #deeptech startup ecosystem at #IITMIC (nodal incubator of #IITMadras ) During the month of November, we welcomed four innovative startups, a warm welcome to our newest incubatees: 🔋 1. Watthour Pvt Ltd (https://watthour24.com/) Developing next-gen sodium-ion batteries using synthesized prussian blue cathodes for sustainable energy storage. Milind Kumar 🌱 2. Healthiverse (healthiverse.in) A pioneering platform blending personalized nutrition with menstrual health insights. Empowering women to sync their nutritional intake and lifestyle with their menstrual cycles for a healthier, more balanced life. Abishek Kannan, Leena Lalson 🚂 3. Rail Labs (https://rail-labs.com/) Innovating digital tech solutions for the railway sector, using sensors, data analytics, and robotics to improve safety and performance in wheel crack monitoring, track inspection, and IoT-based predictions. Rajesh Rathi, Prof. Krishnan Balasubramanian 🤖 4. Swayatt Drishtigochar (https://swayatt.com/) Specializing in industrial automation solutions and predictive maintenance for the manufacturing sector using advanced sensors, computer vision, and AI to optimize machine performance and reduce downtime. Anshuman Fauzdar, Akshay Goyal, Sunny Vedwal These startups are shaping the future with their innovative technologies and disruptive solutions across energy, health, transport, and manufacturing! 🌍✨ 🔗 Stay tuned for exciting updates as they continue to grow and scale from the heart of IITMIC’s innovation ecosystem! #IITMIncubation #StartupEcosystem #Innovation #DeepTechStartup #IITMstartup #startupindia #NewIncubations #IITMIncubationCell #Innovation #Startups #Sustainability #Technology Indian Institute of Technology, Madras, IITMs HTIC MedTech Incubator, IITM Pravartak Technologies Foundation, IIT Madras Bioincubator, MeitY Startup Hub
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Latest on Investor-Startup meet from #IITMIC! On November 29th, we had the privilege of hosting Kavya Prudhvi from Athera Venture Partners (formerly Inventus India), a prominent venture firm that invests in early-stage DeepTech startups across diverse sectors such as Healthcare, Space, Automation, Robotics, Advanced Computing, Energy, AI/ML etc. During her visit, the investor had a productive discussion with our CEO, Dr. Tamaswati Ghosh, exploring potential collaboration opportunities between Athera and IITMIC to support our #deeptech startups in their fundraising efforts. Our incubated startups– AAVRTTI TECHNOLOGIES PVT LTD, MERAS Plugins Pvt. Ltd., Plenome and Welkinrim Technologies, had the chance to engage in insightful investment conversations with the investor, unlocking new avenues for growth and innovation. 💡 We look forward to continued collaboration and the impact it will have on scaling the innovative startups at IITMIC! #IITMstartups #IITMICinvestormeet #TourdeIITMIC #investorrelations #startupTN #IITMICmentors #IITMICInvestors #mentorship #investormeet Prabhu Rajagopal, Dinesh Natarajan, Vivek samynathan Rajamanickam, Pragyan Patnaik, Debasis Parida, Charles Arokiyadoss, Vanishree Sadasivam