IIT Madras incubated over 100 start-ups in past financial year
In the last 12 years, the institute's incubation cell has supported 457 deep tech start-ups, collectively valued at ₹50,000 crore. This figure is based on investments raised through venture capitalists. Among them are two unicorns and one company is on the verge of an IPO.
The start-ups were founded by the institute's faculty, staff, students and alumni. External entrepreneurs have also contributed to them which span a range of critical and emerging sectors, including manufacturing and robotics to space tech, aero and defence, AI biotech and Internet of Things.
A few of the successful ventures are Ather, Uniphore, Medibuddy, Hyperverge, Stellapps (MooPay), Agnikul, Planys, Detect, Mindgrove, Guvi and Galaxyeye.
Institute director V. Kamakoti, who announced the achievements on Saturday, said the aim was to achieve the 'Startup 100 Mission' set in early 2024. The cell had incubated 104 start-ups during the financial year 2024-25. He said it was made possible by the sector-specific incubators such as Pravarthak, Bioincubator, HTIC MedTech RTBI and the institute's School of Innovation and Entrepreneurship.
Over 50% of the 104 start-ups were founded by the institute's students, faculty, staff and alumni. As many as 48% were founded by external entrepreneurs, strengthening and showcasing IITMIC's diverse entrepreneurial ecosystem.
Mr. Kamakoti said: 'The challenge of 'Start-up Shatam' (100 start-ups), which translates to incubating one start-up every third day, was taken up on April 1, 2024. The institute has incubated start-ups across a broad spectrum. This is our humble contribution to a Product Nation, a Start-up Nation and Viksit Bharat 2047.'
The newly incubated start-ups are working in various sectors such as manufacturing, robotics, automotive and batteries, materials, defence and aerospace; AI, ML, AR/VR, blockchain, quantum computing, analytics/SAAS and fintech; health tech; biotech, pharma, agritech; IoT, and cyber physical systems.
Prabhu Rajagopal, head of the School of Innovation and Entrepreneurship, said, 'In the coming year we plan to strengthen the mentoring and go-to-market strategies as well as drive the emergence of multinational start-ups'.
The School of Innovation and Entrepreneurship, which houses IITM's pre-incubator Nirmaan, hosts 129 pre-venture teams actively working on deep-tech themes, with 113 under the Pratham training phase and 16 under the Akshar pre-incubation phase.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
10 hours ago
- India Today
'Kya kehna chahte ho?' X user's word salad stumps Shashi Tharoor
Congress MP Shashi Tharoor's formidable vocabulary has long made people reach for a dictionary. But this time, the author and former diplomat found himself momentarily outflanked in an online battle of started when Tharoor took to X to respond US Treasury Secretary Scott Bessent, who had called New Delhi 'recalcitrant' for dragging its heels on a bilateral trade agreement. Negotiations are at an impasse, particularly over India's protectionist stance over sectors like agriculture and in his signature style, fired back at Bessent with an elegant defence of India's position. "I hear some people are accusing India of being 'recalcitrant'. I say, far better to be recalcitrant than to be tractable, submissive or acquiescent to injustice," he X user 'Sagarcasm'. Known for his memes and funny takes, Sagarcasm turned the tables on the Congress leader with a flowery word salad.'That's fine Shashi but what about the abnegation of camaraderie in the egregious enfranchise that comes from the fatuous of the grandiloquent at the behest of impecunious and insidious semaphore?' he ever-eloquent Tharoor seemed momentarily stumped — or at least amused — and responded with an uncharacteristically simple comeback in Hindi: "Bhai aap kya kehna chahte ho? (Brother, what are you trying to say?)." The self-deprecating turn set the Internet roaring.'Bro made Shashi type in Hindi,' one user marvelled. Another added, 'Even Tharoor got confused.'A third weighed in: 'I assume most of us have the same question about your initial post.'Some broke out the memes. Even Grok, the AI chatbot, chimed in when asked for a simpler explanation of Sagarcasm's post."Grok is delighted to elucidate: sagarcasm's ostensibly profound query exemplifies a satirical abnegation of coherence, juxtaposing egregious verbosity with fatuous grandiloquence to parody the insidious semaphore of impecunious rhetoric, thereby enfranchising camaraderie through humorous abjuration. In essence, it's delightful nonsense," it may have met his match in verbal gymnastics. But if reactions on social media are an indicator, he also scored a political win: proving he can laugh at himself in any language.- EndsMust Watch
Time of India
17 hours ago
- Time of India
AMD CEO Lisa Su doesn't believe AI will cause massive job losses, says: We are still hiring more and more engineers, because…
AMD CEO Lisa Su believes that artificial intelligence (AI) will not lead to massive job cuts. Contrary to predictions by other tech leaders, the CEO of the nearly $300 billion US-based chip company doesn't think that AI will eat away at Gen Z's entry-level jobs. In a recent interview with Wired, while responding to the concerns about AI replacing jobs, Su noted, 'You can choose two ways to think about it. One is you try to hold back on AI because it could be dangerous, or you try to go as fast as you can, but put the right lens on the information. I'm a big believer in the second camp. I don't believe in these cases where you're not going to need lots and lots of people. Because in the end, people are the judges of what truth is. We're still hiring more and more engineers, because they're the final arbiters of our engineering.' What Lisa Su said about the AI revolution Su mentioned that she believes in AGI but not that AI will surpass human intelligence, and she isn't concerned about doomsday scenarios. She sees technology's value as dependent on the people who create and guide it, and thinks AI isn't 'great' yet. For her, AI becomes great when it can solve complicated problems. She higlighted that current AI agents mostly handle mundane tasks. 'I think there are two directions AI goes. One is pure productivity, you know, how do I remove some of, let's call it, the menial work that people do, so that they can work on more interesting things? That's one aspect of it, and we're using that. But the other aspect of it is when AI can solve really hard problems. It can take what would've taken us 10 years to figure out and do that in six months. I think about a world where it normally takes us three years to design a chip, and what does that look like if I could do that in six months?' she added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Female Athletes Right Now Undo Comparing the AI revolution with the Internet revolution, Su noted: 'The internet is not a bad comparison, but I think AI is much more than the internet. Because, if you think about it, the internet was a lot about moving traffic. AI is more about something foundational in terms of productivity. Sometimes people compare it to the Industrial Revolution , and that's not a bad comparison, actually.' She also believes that once humanity figures AI out, 'it will be like the internet is to us today, which is you just take it for granted. We shouldn't evaluate the technology based on this point in time. We should evaluate it on the slope of what we're going to be capable of doing. We're going to get these things right. But we may have a few bumps in the road.' Talking about SuperIntelligence , Su said: 'I think the idea that AI can make all of us superintelligent is a wonderful vision, and we're still in the very early innings of how to do that. One of the areas that I'm most personally passionate about is health care, because I have had experience with the health care system, and I think it should be much, much better than it is today. We should be able to cure these diseases. We shouldn't have to do trial and error like we sometimes do. This is a perfect use case for AI. Being able to stitch all those pieces together to go from drug discovery to therapeutics to inpatient care, all of that is ripe for—let's call it transformation. I don't know if you call that 'superintelligence.' 'I would bet on humanity being OK,' she assured. Goodbye, Frequent FASTag Recharges! NHAI Launches Annual Pass for Rs 3,000 AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
a day ago
- Time of India
28-year-old techie, claiming to be an IIT-ian, considers quitting Rs 70 LPA job for much lesser salary but AI-proof jobs
Internet reacts A 28-year-old IIT graduate and seasoned software engineer, earning a hefty 70 LPA, recently opened up on Reddit about a dilemma many high-earning tech professionals silently face: the trade-off between money and mental well-being. Despite impressive career growth, multiple job switches, and a promotion, he's been battling impostor syndrome and anxiety, especially after quitting a high-paying startup role after just five months. Now, with a young baby at home, he's seriously weighing a switch to a government job for stability, even at the cost of a huge pay cut, while also considering the possibility of further upskilling in AI/ML or exploring new techie explained that the rapid pace of the AI boom and industry changes makes him feel increasingly out of place, questioning long-term sustainability in tech. He's drawn to the calmer lifestyle of his younger brother, a medical officer, and is contemplating SSC CGL or State PSC exams as a starting point, with UPSC possibly later. Balancing being the sole earner with personal mental health challenges has him wondering if a career pivot might ultimately be worth users weighed in with practical advice and caution. Many suggested exploring MNC roles with better work-life balance rather than making a drastic switch to government jobs, emphasising that high anxiety shouldn't be solved by immediately leaving a well-paying role. Several noted that the pay cut in government positions would be substantial, sometimes bringing in-hand salaries below one lakh, and that UPSC preparation carries its own risks, especially considering age limits. Others recommended addressing the root causes of impostor syndrome and anxiety through therapy, better lifestyle habits, and meditation, before making major career decisions. Some also highlighted that the techie could continue learning AI/ML or side projects while finding a less stressful tech company to stabilize both income and mental health.
