IIT Kanpur's NIRMAN Accelerator to offer funding up to ₹50 lacs for selected startups
With an aim to provide a boost to manufacturing startups engaged in healthcare and agricultural domains, the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur has launched NIRMAN Accelerator.
As per a press release issued by the institute, the programme will provide a platform for startups and help them develop and present their products to a real-world market.
NIRMAN Accelerator: A platform for growth
IIT Kanpur's NIRMAN Accelerator programme aims to habour massive potential and to capitalize on startups working in the field of agriculture and health. The programme will be 6-months long and is devised to deal with the challenges faced during Product Growth, Engineering Acceleration, Navigating the Compliance Puzzle, and Leading to next-stage growth.
Moreover, the startups selected under the program will be offered One-on-one mentoring support, Knowledge Workshops, customized support for clinical validation, and Business and investor connect.
Our country has been facing tremendous challenges in the domain of manufacturing. We are in urgent need of innovators and startups working in the healthcare and agriculture domain to cater to some of the pertinent developmental challenges to uplift the status of manufacturing in India.
Prof. Amitabha Bandyopadhyay, Professor-in-charge, Innovation and Incubation, IIT Kanpur
Reportedly, a total of 15 startups will be selected under the program. They will be granted the opportunity to accelerate their product journey. The best performing startups among the cohort of 15 startups will receive a cash award of up to ₹10 lacs.
Additionally, post-completion, the selected startup will also receive funding of up to ₹50 lacs. As of now, the enrolment for the programme has already started and will continue till August 5.
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