Newsletter - October & November 2018
Welcome to the Newsletter of IITM Incubation Cell, spearheading India’s leading deep technology startup hub. Together with sector-specific incubators (IITM's RTBIBio- & MedTech incubator), co-located at IIT Madras Research Park, we empower entrepreneurs to address critical national challenges through successful, self-sustaining companies and redefine markets through innovation and impact. Founded by students, alumni, faculty and staff of #IITMadras or external entrepreneurs, the 180+ startups of IITM are pushing the boundaries across domains. The newsletter aims to share our work, keep you informed of startup milestones, and invite you to be part of this ecosystem.
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Meet our new Board of Directors
Welcoming our new Incubatees
CuedIn Technologies
Hyper-local mobile marketplace
Debrique Creative Labs
Modular housing solutions
Qbiome Research
Solutions to improve processes in  food & pharma industries
Diamondbay Technologies
Kernel-based security framework for Android/Linux
Elicius Energy
Clean energy alternatives
Mocero Health Solutions
AI-based diabetes management platform
 Sina Mobility
Self-balancing electric motorcycle
Fibre optic healthcare tools
Skyraptor - HIPS Bicycle
High speed bicycles with enhanced pedalling
Karuvee Biosignals
Emotion monitoring system for people with autistic disorders
Agnikul Cosmos
Design & build orbital class launch vehicles 
Ozone Motors
Distributed motor & propulsion system for EVs

View full portfolio (180+ incubated companies): here
Startup Spotlight
Myth vs Facts - Electric Vehicles 
Prof. Ashok Jhunjhunwala clears the air on many misconceptions about EVs

Ft. Grinntech Motors & Services  
"Our Journey so far" - conversation with Puneet Jain, co-founder CEO

Grinntech develops & licenses low-cost smart storage Lithium-ion battery technology for automotive & stationary energy storage. A collaborative tech development effort  with Centre for Battery Engineering and Electric Vehicles (C-BEEV), IIT Madras, under the guidance of Prof. Ashok Jhunjhunwala and Dr. Prabhjot Kaur (CEO, C-BEEV).   Read more 

Our Investor network
2nd Edition of 'Investor meet'
Hosted by IITMIC & IITMRP,  Sept
20+ deep tech startups incubated at IITMIC present / demo to a group of angel investors & VCs - a day long event for startup-investor interactions. Read more  
Ft. Dr. Subhash Chandra (Chairman, Essel Group and Member of Parliament, Rajya Sabha)
Zee News coverage (right):
Rajya Sabha MP Subhash Chandra addresses startup founders at IIT Madras
“Anybody who thinks that India has to be the follower, and not world leader, needs to definitely visit IITM Incubation ecosystem. I shall be the brand ambassador of this vibrant ecosystem"  -  Dr. Subhash Chandra, Chairman, Essel Group
IITMIC partners with Ministry of Defence for
'Defence India Startup Challenge'

IITMIC hosted an Outreach & sensitisation meet on 4 Oct

IITMIC has partnered with iDEX (Innovations for Defence Excellence) launched by the Ministry of Defence, GoI. As the first initiative under iDEX program, the Defence Innovation Organisation, under the aegis of Department of Defence Productionlaunched the Defence India Startup Challenge (DISC). DISC aims to bring startups & innovators to create technologies for the Indian defence & aerospace sectors.

100+ entrepreneurs/innovators, incubators, academic & research organizations attended the DISC outreach meet on 4Oct at IITMRP and interacted with representatives from DIOAIM , MoD and Defence PSUs. 500+ Applications were received by DISC from startups/innovators on 31Oct.
Read more

Our Industry partners

Zoho, Software as a Service (SaaS) company offers cloud-based technology solutions for businesses, and founded by Mr. Sridhar Vembu, a distinguished alumnus of IIT-Madras.
This partnership offers 1 year free Zoho One subscription to IITMIC incubated & graduate companies
Exotel Techcom, partnership allows our start-ups to avail the Exotel Startup Package, which enables them to use Exotel's cloud telephony platform with minimal resources. 
In the News

 Prof. Ashok Jhunjhunwala. co-chairman to the boards of IITMIC & IITMRP and Mentor to numerous IITM incubated startups received  LifeTime Achievement Award at TiECon Chennai 2018 (TiE Chennai) on 6th Oct. “I would like to dedicate whatever life is left on fossil free future", he said at the Awards Night. Read Prof. Ashok's blog on Electric Vehicles: 

Cygni Energy wins "Most Innovative Product Award" at 19th National Award for Excellence in Energy Management, organised by CII.  Cygni’s mission is to “Power a Billion Dreams” by venturing into new solar solutions: company is focusing on creating more efficient power and a bright future by providing green solar energy and DC power at a reasonable cost advantage
Video (left): Venkat Rajaraman, founder CEO of Cygni Energies, talks about Solar DC Microgrid at Innovation India 2018 for supplying electricity to rural households at an affordable cost

Planys Technologies graduates from IITMIC & moves to a new facility called 'Planys Labs' in Chennai
The facility included an indoor 15 ft. deep tank for underwater testing, hyperbaric test chamber, ROV piloting room, dust-free electronics room & space to manufacture, maintain, store multiple ROVs.

Vasitars Pvt. Ltd. wins 'National Budding Innovator Award' from NRDC

Vasitars provides complete in-situ composite repair solutions to all kind of damage scenarios in transmission pipelines. Among others, the company currently serves oil & gas, water & process industries

Startup Essentials Training Series
The series aims at covering core entrepreneurship themes such as business modelling, product development, sales, marketing and financial planning along with other relevant and associated topics
Costing of Products
S Gopal, former MD of Chemplast Sanmar & President, IIT Alumni Industry Interaction Centre

Setting a price for a product is one of the most important decisions a company/startup can make. But all too often it’s treated as an afterthought. Mr. Gopal provides insights for assessing the value of products and price them appropriately
Consumer Marketing
S Ravichandran, former MD, TTK Prestige
Tech Cos. crash and burn all the time. That’s the nature of fast moving technology. But often, the crash is due to a single, repeated mistake: poor, non-existent or careless marketing. In this workshop, Mr. Ravichandran explains the foundation of consumer marketing for startups
Community Engagements   -   #TourDeIITMIC
200+ students from AVC College of Engg., Rajiv Gandhi National Institute of Youth Development, Ethiraj College for Women, GKM College of Engg. & Technology, Aksheyaa College of Engg., SSN, SRM and Misrimal Navajee Munoth Jain College visited IITMIC & IITMRP during Oct-Nov: they interacted with IITM startups,  learned about opportunities at working in a startup and challenges of being an entrepreneur; IITMIC also shared best practices with accompanying faculty members

The Times of India highlights IITMIC's Campus Interactions Program aimed at encouraging entrepreneurship among students and educational institutions

Other activities
IITMIC & IITMRP host book launch for Shobha Warrier's ‘Dream Chasers - Women entrepreneurs from the South of the Vindhyas’ on 13th Oct.
As an ecosystem which nurtures entrepreneurship & celebrates women, it was a pleasure partnering with Vitasta Publishing for hosting the book launch. The book beautifully captures and narrates the journey of the key women entrepreneurs in South India like Padmashri Shanthi Ranganathan of TTK Hospitals, Poonam Natarajan of Vidhya Sagar, Deborah Thiagarajan of DakshinaChitra, Kalki Subramaniam of Trans/Hearts and more.
CII Connect, Chennai 2018 - 10 Oct
Jaya Umadikar (Academic Liaison, IITMIC) and Mr. Kishore Natarajan, cofounder of Hyperverge (a company incubated at IITMIC) participated in a panel discussion on “Connecting the dots on Creating an inclusive Startup Environment”
Visitors Speak

“Strong innovation in science and technology is going on here, great opportunity for us to visit Incubation Cell” - Ian Dix, Data Analytics Lead, AstraZeneca
“Amazing that startups at IITM are able to attract & retain young talent. They seem to be drawn by the innovation happening in these places and are not necessarily fascinated by fancy offices of large corporations”  - Mr. Pawan Goenka, MD of Mahindra & Mahindra Ltd. and Chairman, Board of IIT-Madras
Past Editions
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