iTIC Incubator at IIT Hyderabad (IITH) has chosen 9 deep tech startups from throughout India to help them by pre-incubation and incubation help packages. iTIC Incubator has determined to speculate as much as Rs 25 lakhs every within the following 6 prototype prepared startups: Learn and Empower, a game-based studying platform for kids with listening to loss, LiqSure Systems which is constructing a water purification system utilizing hydrodynamic cavitation principal for greywater therapy, Milatronics which is constructing automated feeding system for aqua farmers, Pranahita Biotrinics is creating AI-powered low-cost testing kits for COVID and different viruses, Eaffocare is engaged on regenerative merchandise for gums and periodontitis remedies.
The startups chosen are a part of the NICE program, NIDHI PRAYAS program, and HDFC grant. A signing and onboarding ceremony was organized by IIT Hyderabad to facilitate and improve startups.
iTIC has additionally determined to speculate as much as Rs 10 lakhs every in 3 Proof of Concept stage startups particularly Humus Biosystems which is engaged on water therapy utilizing microbes and biomaterials, Raibo Systems which is engaged on creating surgical assistive robots, and Sridevi Machinery which is engaged on constructing automated energy weeder.
“The focus of IITH is on translating the innovations into technologies useful for humanity. Hence, it is good to see startups working on themes of water treatment, aquafarming, assisted technology for children with special needs, affordable covid testing, etc being part of the list, ” B S Murty, director, IITH mentioned.
“Our aim is to provide a vibrant platform for the startups to convert their ideas into successful businesses, ” Suryakumar S, faculty-in-charge, Incubation, Innovation and Startups, at IITH mentioned.
Other than investments, the establishment claims that the startups can be supported with structured mentorship, co-working house, entry to a maker lab, entry to networking and occasions, investor connections, and entry to IITH infrastructure.
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Source: www.financialexpress.com”