Reinforcing their commitment to fostering innovation and entrepreneurship as a step towards
making Digital India successful, Department of Science &Technology (DST),
Government of India, Intel Technology India Pvt. Ltd (“Intel India”), and
Society for Innovation and Entrepreneurship (SINE), IIT Bombay have
collaborated to launchtheCollaborative Incubation Program for Hardware and
Systems Startups (“Program”).
This is a uniqueprogram wherein the industry, academia and
Government have come together to support hardware and systems-based start-ups
in the country through mentoring, training, lab facilities, hardware kits,
prototyping, business services, funding, etc.,
The announcement was madeon Saturday in the presence
of Prof. Ashutosh Sharma, Secretary, Department of Science and
Technology, Government of India, Ramesh Abhishek, Secretary,
Department of Industrial Policy and Promotion, Government of India, Nivruti
Rai, General Manager, Intel India,Vice President, Platform Engineering
Group, Intel, Professor DevangKhakhar, Director of IIT, Bombay.
Collaborative Incubation Program for Hardware and Systems
Startups
· The Program will address gaps in the hardware
and systemsstart-up ecosystem that companies face inproduct design,
development, commercialization, and creating scale for their solutions.
· DST, Intel India and SINE aim to support up to
20 start-ups under this Program, and the call for applications for the first
batch will be announced in early August 2016.
· During theyear-long Program, start-ups will be
supported for six months on-site at SINE, IIT, Bombay or Intel India,
Bengaluru. After a period of six months, the start-ups’solutions will
beshowcased to investors and industry players at a demo day, post which,
theProgram will extend virtual support for another six months.
· Participating start-ups will be incubated
through intensive training periods, one-on-one mentoring, technology related
support from Intel experts, business service support from SINE, as well as
prototyping and manufacturing support.
· Intel India will:
o Build capacities through mentors, and provide
technology related support for productization, and
o
Facilitate ideation,
design thinking, prototyping workshops and manufacturing support through
industry experts.
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