
MSME Idea Hackathon 5.0 to cradle innovative startups
The institute will accept applications from both individuals and startups, with chosen proposals eligible for financial support up to Rs 15 lakh, alongside incubation facilities from the institution. Interested participants can submit their applications until July 31.
Prof Suhas Joshi, director, IIT-I, said, "IIT Indore Incubation Centre offers a thriving environment for entrepreneurs to grow their startups.
We are happy to support the innovative ideas with the structured incubation programmes and personalised mentorship. We also help startups provide access to funding through investor networks, VCs, and govt schemes and support in prototyping, product validation, and go-to-market strategies.
The startup will have collaboration opportunities with IIT Indore's faculty, labs, and research ecosystem."
The institution's incubation facility supported 89 startups thus far, with 38 successfully completing their programme and generating jobs for over 500 people.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Is it legal? How to get Internet without paying a subscription?
Techno Mag
Learn More
Undo
Currently, 51 startups are under incubation, with approximately 10 undergoing market validation.
The institute secured funding exceeding Rs 8 crores, including Rs 5 crore through the Startup India Seed Fund Scheme (SISFS). Nurturing more than 85 startups, the centre delivers essential assistance through mentoring, funding opportunities, technical support, and governmental connections.
During Hackathon 4.0, a project focusing on low-cost high-speed camera technology for Education, Training, and Research was chosen under IIT Indore's supervision, receiving a grant of Rs 15 lakh.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
13 minutes ago
- Time of India
Hexaware profit lags estimates, shares tank
Academy Empower your mind, elevate your skills Carlyle-backed Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier issued a muted revenue guidance for the year ahead. The company follows a January to December financial its mid-tier peers, Hexaware's Q2 revenue was relatively subdued at Rs 3,260 crore, rising 11.1% on-year and 1.6% sequentially in constant currency terms, lagging Street constant currency terms, revenue stood at $382.1 million, growing 1.3% sequentially and 7.5% from a year ago. During the quarter, revenue growth was impacted by decline in manufacturing and consumer segments, and flat growth in financial services."Our growth expectations for the year are a little bit lower now than it was in the beginning of Q2," R Srikrishna, CEO, Hexaware told ET. Shares of Hexaware fell sharply on the earnings announcement. They closed 10.7% lower at Rs 738.25 apiece, underperforming a 0.88% decline in the benchmark BSE Sensex.


Time of India
39 minutes ago
- Time of India
European country Tesla CEO Elon Musk 'name checked' during earnings call for 171% jump in sales, announces 'surprise tax hike'
Tesla is facing tough time in Europe. Ever since Elon Musk decided to join Donald Trump's government, his political decisions have hurt the Electronic VEhicle (EV) maker almost across Europe. Elon Musk's souring ties with President Trump's administration too has not helped. The only bright spot in Europe for Tesla has been Turkey. In Europe, Turkey has been one of Tesla's fastest-growing markets. However, Tesla's efforts to mitigate slumping European sales with gains in Turkey may be at risk after a surprise tax hike in the country. Turkey has raised the lowest tier of its special consumption tax for electric vehicles — which includes Tesla's top-selling Model Y — to 25% from 10%, according to a presidential decree published in the country's Official Gazette. Tesla sales jump 171% in Turkey Turkey has emerged as an increasingly significant market for Tesla, helping alleviate falling demand elsewhere in Europe. In fact, CEO Elon Musk name-checked the country during the company's quarterly earnings call recently. Tesla sales in the country soared 171% in June to 7,235 units, with the Model Y taking the top spot among EVs. In same month, Tesla registrations across Europe dropped 23% to 34,781 vehicles, according to data published Thursday by the European Automobile Manufacturers' Association. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brain tumor has left my son feeling miserable; please help! Donate For Health Donate Now Undo What helped Tesla grow in Turkey Tesla's success in Turkey, driven by a locally tailored Model Y qualifying for a 10% tax rate, faces challenges as a new levy could raise prices by about $6,000, potentially dampening demand. Previously priced at 1.87 million liras ($46,100), the Model Y may lose its edge, while many combustion-engine competitors' tax brackets remain unchanged. This tax hike compounds issues for Tesla CEO Elon Musk, who has flagged tough quarters ahead due to fading US EV subsidies and delays in autonomous vehicle progress. The policy shift also threatens competitors like BYD Co., which plans local production in Turkey and offers models like the Dolphin, Atto 3, and Seal in the same low-tax bracket. Other manufacturers, including Volkswagen AG, Hyundai Motor Co., and Stellantis NV, with affordable EVs in Turkey, may also feel the impact. AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Indian Express
43 minutes ago
- Indian Express
Delhi: Govt bodies owe Rs 63,019 crore in pending water bills. Here are the biggest defaulters
The Delhi Jal Board (DJB) has been incurring losses due to a huge backlog of unpaid dues. Government data reveals that the state and central government bodies owe more to the DJB than domestic consumers. Among these, the Municipal Corporation of Delhi (MCD) and the Railways top the list of government bodies with the highest pending water bills. Water Minister Parevsh Sahib Singh said that 'water is a shared responsibility, and ensuring its uninterrupted supply requires collective effort. Resolving these financial bottlenecks will significantly strengthen our capacity to maintain and improve the city's water infrastructure'. 'We are committed to working with all stakeholders to ensure timely solutions in the best interest of every Delhi resident,' the minister added. According to officials, the DJB will be writing to the state and central government departments, including hospitals, Delhi Police, and others, asking them to pay their pending bills or adjust them. Data shows that the government departments' unpaid bill stands at Rs 63,019.2 crore — Rs 33,295.79 crore is the state government's share, and Rs 29,723.37 crore is the central government's dues. Among the state government's dues, the MCD tops the list — its dues stand at Rs 26,147 crore, followed by the state health department at Rs 66,84.6 crore. In the Central government, as per data, the Railways has a huge pendency of unpaid water bills — Rs 21,530.5 crore. It is followed by the Delhi Police, whose pending dues are Rs 6,097 crore. Meanwhile, residents owe the DJB Rs 1.42 lakh crore in pending water bills, officials have said. Of this, domestic consumers only owe the board Rs 15,000 crore, or 10.5% of the total amount. Officials said that consumers in the commercial category owe the DJB Rs 66,000 crore, followed by government departments, whose unpaid bills stand at Rs 63,019 crore, while domestic consumers owe the board Rs 15,000 crore. The government is already working on a one-time scheme to waive the late payment surcharge (LPSC) of water bills of domestic consumers. Officials said the status of pending bills is up to July 14, and these bills have been adding up over the last 10 years.