AVISHKAR 2

The AVISHKAR deep tech accelerator programme at CIE@IIITH incubator is inviting applications for its 4th batch of deep-tech startups.

The 6-month deep-tech accelerator programme is specially designed for early stage startups building products in the areas of Machine Learning, Image Processing, Robotics, AR/VR, NLP and other sub domains of AI.

Selected startups can win between 10-25 lakhs seed fund from the IIIT Seedfund Network. They will also gain strategic business coaching, market access and tech mentoring from IIIT-Hyderabad’s research labs.

Closing date for applications is May 5, 2017 and interested startups can apply herehttp://bit.ly/2iYCzoS.

Ten deep tech startups are already part of the cohort. IIITHF is the largest technology business incubator in the country. Just 9 years since its inception, CIE@IIITH has already supported 150 + startups so far.

AVISHKAR is facilitated by CIE@IIITH, IIIT-Hyderabad and Co-creation Consulting. It brings together the deep-tech expertise of IIIT Research Labs and resources of the startup ecosystem of IIIT-Hyderabad. The startups go through a structured strategic business mentoring from Co-creation Consulting, Market Access and Investor Connections for the higher round of investments. A number of other ecosystem partners of IIIT-Hyderabad also contribute toward the programme with business development services and tools.

Prof. Vasudeva Varma, Dean R&D, IIIT-Hyderabad & CEO, IIIT Foundation says, “Given the challenging Indian start-up ecosystem, AVISHKAR’s base technology, mentorship and funding provides a massive edge. Using CIE@IIITH resources can translate into substantial benefits while scaling, and rapid internationalization of these ventures.”

Investment readiness of the cohort startups is a key deliverable for the 6 month programme. The founders deep dive on their hypotheses on their businesses during the workshops which helps them build a strong foundation upon which their startups can grow into strong mature companies. The technology mentoring opportunities from IIITH research labs help the founders build quality product/features within shorter timelines. Including the seed fund of Rs. 10-25 Lakhs in convertible debentures and free or discounted access to leading cloud services, F6S Alpha cards, Legal/CA, mobile payment gateway etc ensures the AVISHKAR startups get to build and go to market with greater results.

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From the applications for the fourth batch, relevant startups would be shortlisted and invited for a pitch day at IIIT-Hyderabad campus in front of a committee of academics, investors and technologists during the second week of May. Beyond the prospect of getting selected for the programme, there will be a rare opportunity to validate their business and product from veterans in the ecosystem.

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