Creating a company comes with its own set of impediments. From crossing financial barriers to finding the right people, the founders or the idea-holders go through a lot.
In order to save these innovators from crash and burn scenarios, many successful entrepreneurs and firms around the world, did their own to establish an ecosystem, to encourage more people to come up with ideas without having to face the initial hiccups.
NASSCOM estimates that the Indian IoT market to reach $15bn by 2020, and the global market will grow by $3 trillion. Consumer and industrial applications are expected to drive IoT growth, with sectors like manufacturing, logistics, automotive and transportation expected to enable the growth of IoT in India.
During the last 5 years, we have seen tremendous growth in the number of companies launched from India and much of the credit goes to these incubation hubs and accelerators which provided the budding entrepreneurs by accommodating them with in-house tools and expertise.In this article, we list down top 10 startup accelerators in India which offer resources and domain expertise in the field of Internet of Things(IoT):
SAP startup Studio is the startup accelerator program of SAP Labs India aimed at providing an end to end engagement platform for startups to accelerate their growth story. This 75 seater best in class plug and play facility coupled with key services from SAP Labs India would provide the much required leg up for the startups on boarded as part of this program.
1 year free incubation at the plug and play facility | Access to best in class SAP technology mentors | Vital support in shaping up the GTM.
Mentorship from leading Startup ecosystem think tanks | Access to a plethora of startup events and VC connects
Bosch is committed to taking/promoting India as the destination for innovation at the global platform.
Their Cohort 2.0 is a 16-week intensive program and the IoT startups will have access to the following Bosch services:
- Bosch sensors from Bosch Sensor Tech – https://www.bosch-sensortec.com/
- Bosch XDK kit – http://www.bosch-connectivity.com/
- Bosch-iero IoT personalizations platform – http://bosch-iero.com
Cisco LaunchPad brings together Cisco technologies, startups, and the partner community to deliver business relevant end-to-end Digital Solutions.
The program is open to mid-to-late stage technology and technology-enabled B2B/B2B2C startups. The program focuses on Cisco’s core technology areas: Collaboration, Security, IoT, and Video.
Additionally, enabling technologies like Analytics, Cloud, Machine Learning/Deep Learning/Natural Language Processing.
6-8 startups are selected for each cohort. The cohort runs for four months.
Startups are mentored by both Cisco leaders and external experts. Each startup is assigned two internal Cisco mentors. External mentoring is provided by CTO/CIO’s of startups, industry experts, investors, and VCs who are pioneers in their respective fields
The graduating startups are enrolled in the Cisco Startup Program’s Alumni Network, and will continue to have access to relevant Cisco technologies, platforms as well as Cisco technology and business mentors.
Intel India, Department of Science & Technology (DST), Govt. of India and Society for Innovation and Entrepreneurship (SINE), IIT-Bombay have collaborated to launch an incubation program for hardware and systems startups, called Plugin.
Intel India Maker Lab offers:
- Access to hardware & software development kits, reference boards, design collaterals, test & debugging equipment.
- Technical support for design, development, testing.
Startups are provided with an upfront cash support of Rs. 10 lakhs which can partially be used to support travel and accommodation costs for the program. International travel and stay for one member per team will be sponsored by the program.
The Center of Excellence(CoE) is the largest deep tech innovation ecosystem in India comprising of startups, innovators, enterprises and the government. They focus on solving real-world challenges utilising technologies like IoT, AI, Data Science, Big Data, AR/VR, Machine Learning, Robotics and through extensive academic research.
Strategic Partners: Microsoft, Bosch, TCS and others
OceanPro by Maersk is a program where start-ups can showcase their products and capabilities and receive support from the market leader in transport and logistics.
Benefits of the start-ups who will join the OceanPro by Maersk include:
- Leverage on Maersk’s mentors, connect with customers, and co-develop solutions using Maersk’s data
- Start-ups will have an opportunity to pitch to Maersk, and other potential investors after the program. Maersk may provide funding during the program.
- Co-location space in Maersk’s Digital Center in Bangalore, India for 12 – 16 weeks
- OceanPro by Maersk focuses on innovations that will benefit the transport and logistics sector like Blockchain, Internet of Things, Advance Text Analytics (machine learning/Artificial Intelligence), AR/VR including Advanced Learning, Image Analytics, and Fintech.
Qualcomm, through its partner, will offer accelerator services to all startups at no additional cost, which would include Diagnostic assessments, Workshop interventions on scaling parameters like operations, customers, competition, product, financials, team and seeking investments. Monthly one on one mentoring sessions from subject matter experts will be provided to interested startups for each scaling parameter.
Revvx is India’s first and the largest Accelerator focussed on supporting Hardware Startups through Prototyping and Manufacturing of innovative consumer electronics and connected Devices.
Revvx works with 15 Hardware Startups every year through its Accelerator Program and 20 additional startups through mentorship. Revvx portfolio includes startups from India, USA, Singapore, Hong Kong, Croatia and Slovenia. Their portfolio includes 60% B2B ( SAAS+IOT, IIOT) and 40% Consumer Electronics ( Wearables, Gadgets)
Revvx works in collaboration with NASSCOM IOT COE to drive the Hardware Acceleration and Corporate Innovation Programs.
Z Nation Lab is an early stage startup accelerator which empowers entrepreneurs with capital, technical expertise, and network. They bring together high-quality mentors, subject matter experts, experienced professionals, investors and VCs under one roof to curate a community that offers an environment for innovation to thrive.
Startup members at Z Nation Lab benefit from office hours with the network of mentors, participation in various programs and events organized by Z Nation Lab and its partners across the Globe, present at demo-days, pitch counseling, legal and tech consulting and connect to fortune 500 companies.
Z Nation Lab provides a tech R&D platform and implementation service to help Fortune 1000 brands pave the way for continued growth.
Z Nation Lab selectively invests seed capital in early-stage startups graduating from its startup Bootcamp program in addition to thousands of dollars in credit from its ecosystem partners like Amazon, Microsoft, Google, IBM, PayTM, Send pulse, Mail Chimp etc to help its members scale up their entrepreneurial ventures.
Zone Startups India helps founders accelerate their business through market-validation and customer-acquisition focus, and invest in select companies that have demonstrated the ability to scale quickly.
Zone Startups India powers four programs across the country, including their flagship program in partnership with the Bombay Stock Exchange in Mumbai, Thought Factory with Axis Bank in Bangalore, Palava Accelerator with Lodha Group.
Their portfolio include:
AdSparxis a technology Platform for Internet TV that enables monetization of Video traffic across all Internet devices for Internet Video Publishers.
Provides operational intelligence for wind turbines, met masts, solar plants, and other Internet of Things.