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Atal Incubation Centre - Shiv Nadar Institution of Eminence Selects 28 startups for Venture Challenge 6.0
IMT News Desk
1 year ago
Atal Incubation Centre – Shiv Nadar Institution of Eminence Selects 28 startups for Venture Challenge 6.0
IMT News Desk
1 year ago
Venture Challenge 6.0 has seen a substantial increase in ventures exploring new avenues in Circular Economy, Green Industry, ICT (Information and Communications Technology) and Medtech
After three rounds of screening, Atal Incubation Centre (AIC) – Shiv Nadar Institution of Eminence has shortlisted 28 startups for its Venture Challenge 6.0.
It is a call for applications for startups to participate in the annual incubation program of the AIC, which enables the selected startups to grow and scale and saw over 366 aspiring entrepreneurs vying for world-class incubation support. The response for Venture Challenge 6.0 was 30 per cent more than the last cohort.
The startups that contested were shortlisted on the parameters of the novelty of the idea, compelling solution, and scalability potential. In the second round, 150 shortlisted startups pitched their business ideas to a jury of successful founders, ecosystem enablers, investors, and academicians, after which 28 startups were selected.
Most startups that applied for the programme are in the early revenue stage from various fields like EV/Renewable Energy, AR/VR, Drone and AI/ML and biotechnology. The programme has received the highest number of applications from Uttar Pradesh, which very positively indicates the thriving startup ecosystem in the state, followed by Delhi NCR and Tamil Nadu. Venture Challenge 6.0 has seen a substantial increase in ventures exploring new avenues in Circular Economy, Green Industry, ICT (Information and Communications Technology), and Medtech.
The names of the selected startups are: Upcycleluxe, Tumpudi Automotive, Sahy Electric, ZTOP IOT, CORR ROBOTICS, Educlouds, Humanli.ai, Bluegreens, Raytom Medical Systems, Aaiena, Machenn Innovations, Fontierz, Mindful Gurukul , Eco365, PedalX, SparkLiv Innovation, Adhyay, GrowPro, Euphelity, Gau Rakshak, Recyclebaba, Dailygurus, VR Green, Jetsons Robotics, AIONTHEFLY Technologies, AIQ Connect, Berry Avionics.
Speaking about the programme, Sheeba Khan, CEO, Shiv Nadar AIC, said, “Shiv Nadar AIC is a tech-agnostic incubator where we have supported 100+ startups and has helped them to raise over Rs 6 crore through funds and grants. We offer an enabling environment for technology and research, including 154+ labs, stimulating research centres, business support services, mentorship, investment platforms, and networking opportunities. We thank our partners - Dassault Systèmes, HCL Technologies, and Headstart Network Foundation for helping us nurture the most promising new ventures.”
Dr Ananya Mukherjee, Vice-Chancellor Shiv Nadar Institution of Eminence, said, “Entrepreneurship resides at the heart of Shiv Nadar Institution of Eminence. The university works with many entrepreneurs to make their vision become a reality. The Venture Challenge is an effort in that direction.”
AIC - Shiv Nadar IoE has supported over 60 startups and currently has 34 tech-agnostic active startups from areas like robotics, artificial intelligence, B2B SaaS, edutech, agri-tech and Blockchain.
The last edition of Venture Challenge received 292 applications, of which 19 startups were shortlisted as part of our incubation programme equipped with advanced facilities.
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