CIE at IIITH commences AVISHKAR Accelerator Winter 2023 cohort
Startups will get up to Rs 40 lakh seed fund, strategy mentoring, research advisory and market access
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Hyderabad: The Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad announced the onboarding of 5 startups for the Avishkar accelerator 2023 Winter cohorts of Deeptech, Medtech, Mediatech and Mobility domains. Since the launch of Avishkar Accelerator in 2016, there have been over 17 cohorts and startups in AI, ML, IoT, and digital health with about 53% of them raising follow-on funding.
The Accelerator Kickoff was held on 11th and 12th December 2023 with CIE’s panel of mentors and experts from the industry. From an overwhelming application pool of 150 startups, the selection committee shortlisted 31 startups for the program. The shortlisted startups were from domains of Deeptech, Medtech, Mediatech& Mobility.
As a part of the Avishkar Accelerator, the selected startups will receive Rs 40 lakh seed fund along with a detailed 6-month plan that offers 4 streams of mentorship - Business Strategy, GoToMarket Plan, Technical Review and domain-specific mentorship. The program is facilitated jointly by CIE, IIIT Hyd, Co-creation Consulting, and SucSeedIndovation fund among other industry leaders. The program also opens avenues for startups through IIITH’s research support collated networks and Corporate Connects.
Prof. Ramesh Loganathan, COO of CIE-IIITH says "Avishkar is a key program of ours that helps deep tech startups that are revenue ready towards market, with research faculty helping with their technologies”.
