SUCCESSFUL DEMO DAY BY 3rd BATCH OF AVISHKAR DEEP-TECH ACCELERATOR
Hyderabad, September 21, 2017... International Institute of Information Technology (IIIT-Hyderabad)’s CIE@IIITH incubator successfully graduated its third cohort of AVISHKAR deep-tech accelerator program startups. The 6-month deep-tech accelerator programme is specially designed for early stage startups building products in the areas of Machine Learning, Image Processing, Robotics, AR/VR, NLP and other sub domains of AI. Ten deep tech startups are already part of the cohort. Just 9 years since its inception, CIE@IIITH has already supported 150 + startups so far.
The four early stagestartups - Scholr, DreamVu, NicheAI and Docturnal over 6 months receivedcustomised business mentoring from CoCreation consulting, tech mentorship fromIIIT-H Hyderabad professors, and seed investment of 10 lakhs from CIE and 50kventures to further fine-tune their ready products.
Investment readinessof the cohort startups is a key deliverable for the 6 month programme. Thefounders deep dive on their hypotheses on their businesses duringthe workshops which helps them build a strong foundation upon which theirstartups can grow into strong mature companies. The technology mentoringopportunities from IIITH research labs help the founders build qualityproduct/features within shorter timelines. Including the seed fundof Rs. 10 lakhs in convertible debentures and free or discounted access toleading cloud services, F6S Alpha cards, Legal/CA, mobile payment gateway etcensures the AVISHKAR startups get to build and go to market with greater results.
On demo day at theend of the program they pitched for further funds to investor networks such asGo North Ventures, Indian Angel Network, IIIT-H seed fund network, KAE Capitaland Parampara.