Indian Institute of Technology, Kanpur (IIT-K) has sanctioned seed funding of Rs 50 lakh for a Lucknow-based startup, Decentrik Technologies.
The funding pass through Innovative Ventures and Technologies for Development (INVENT) platform, a joint collaboration of the Centre's Technology Development Board (TDB) and the Department for International Development (DFID), United Kingdom.
Founded by Vineet Vats, Decentrik Technologies is a Social Startup whose objective is to develop such Technologies and Products and decentralized green business models, which are in the interest of the Environment and the larger common masses, and also create local entrepreneurship and self-employment opportunities for the youth through technology. To fulfill this objective, they have developed an Eco-friendly Smart Roadside Public Drinking Water Model.
The company has come up with Mobile Water ATMs 'Waah', which are portable units to dispense drinking water for as little as Rs 2 for 250 ml. Decentrik has tied up with Indian Oil to install stationery RO units at their petrol pumps.
Each Waah unit comprises separate water and glass dispenser slots. Each unit also has two Real Time Displays to display TDS (Total Dissolved Solids) level in the water and the temperature of the water. If there is any breach or malfunctioning, the unit automatically shuts down and sends an error report to the cloud application.
To recall, Ahmedabad-based Sarvajal is an another startup, launched in 2008, which is also providing clean drinking water through its Water ATM model however Decentrik water ATM model is different in many ways that -- firstly, its ATMs are mobile and transoprtable and, other is that besides addressing problem of clean drinking water it is also offering local micro-entrepreneurship & self employment opportunities along with reduction carbon footprint by using food grade recyclable paper glasses.
The glasses used in Waah are made from food-grade recyclable paper, thus preventing approximately 1,500-3,500 kg of plastic waste generated from these store-bought disposable water bottles, Vats added.
Each Waah unit has an electronic lock to prevent unauthorised refills. Since these units have to travel only short distances for refilling of water, an estimated 700 kg of carbon dioxide emissions will be avoided, every year.
Through INVENT, IIT-K targets to incubate 40 technological social startups with Rs 50 lakh being the maximum amount that can be offered as seed funding.
SIDBI Innovation and Incubation Centre (SIIC) at IIT-K, one of India's leading technology business start-up incubators, has been in operation since 2001 and has provided incubation support to more than 65 start-up companies.
The funding pass through Innovative Ventures and Technologies for Development (INVENT) platform, a joint collaboration of the Centre's Technology Development Board (TDB) and the Department for International Development (DFID), United Kingdom.
Founded by Vineet Vats, Decentrik Technologies is a Social Startup whose objective is to develop such Technologies and Products and decentralized green business models, which are in the interest of the Environment and the larger common masses, and also create local entrepreneurship and self-employment opportunities for the youth through technology. To fulfill this objective, they have developed an Eco-friendly Smart Roadside Public Drinking Water Model.
The company has come up with Mobile Water ATMs 'Waah', which are portable units to dispense drinking water for as little as Rs 2 for 250 ml. Decentrik has tied up with Indian Oil to install stationery RO units at their petrol pumps.
Each Waah unit comprises separate water and glass dispenser slots. Each unit also has two Real Time Displays to display TDS (Total Dissolved Solids) level in the water and the temperature of the water. If there is any breach or malfunctioning, the unit automatically shuts down and sends an error report to the cloud application.
To recall, Ahmedabad-based Sarvajal is an another startup, launched in 2008, which is also providing clean drinking water through its Water ATM model however Decentrik water ATM model is different in many ways that -- firstly, its ATMs are mobile and transoprtable and, other is that besides addressing problem of clean drinking water it is also offering local micro-entrepreneurship & self employment opportunities along with reduction carbon footprint by using food grade recyclable paper glasses.
The glasses used in Waah are made from food-grade recyclable paper, thus preventing approximately 1,500-3,500 kg of plastic waste generated from these store-bought disposable water bottles, Vats added.
Each Waah unit has an electronic lock to prevent unauthorised refills. Since these units have to travel only short distances for refilling of water, an estimated 700 kg of carbon dioxide emissions will be avoided, every year.
Through INVENT, IIT-K targets to incubate 40 technological social startups with Rs 50 lakh being the maximum amount that can be offered as seed funding.
SIDBI Innovation and Incubation Centre (SIIC) at IIT-K, one of India's leading technology business start-up incubators, has been in operation since 2001 and has provided incubation support to more than 65 start-up companies.
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