The Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad has named four startups for the 14th cohort of the Avishkar Deep Tech accelerator.
The six-month accelerator is run jointly by the CIE, International Institute of Information Technology (IIIT- H), Co-creation Consulting and SucSeed Indovation Fund.
The four startups are Hirex.ai (a cognitive voice-bot solution for automated hiring interviews); CometLabs (an AI-powered solution for hiring deeptech developers); Embedsense (an industrial IoT company); and WebNyay (an online dispute resolution ecosystem).
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“Connecting research with startups is a key need to help realise deep-tech innovation that can succeed in the markets,” Ramesh Loganathan, Chief Operating Officer of CIE-IIITH, said.
“The programme focuses on honing the business plan, team and overall strategy of the startups and getting them investment-ready,” he said. “It facilitates their journey from seed level to VC/Angel-level readiness.”
IIIT-Hyderabad’s incubation centre bags ₹5 cr grant from Startup India. The centre shortlisted the four startups from a pool of 150 applications.
Besides research support, the accelerator offers business mentorship, market access and a seed fund of ₹40 lakh. The 13-year-old CIE has so far supported about 400 startups and provided seed fund to 19 startups.
Source: thehindubusinessline.com
