With India witnessing a trend of start-ups in the IoT space, incubators and accelerators too have evolved to support these budding start-ups. Both incubators and accelerators are playing an important role in helping the Indian IoT start-ups take their initial steps which are extremely important in their long and challenging journey.
IoT India Magazine puts together a list of 10 leading Incubators and Accelerators which the IoT Indian start-ups should definitely watch out for.
Ashoka -ISB –Microsoft Ventures
The Indian School of Business and Ashoka University in association with Microsoft Ventures focus on providing support to the IoT start-ups. This incubator has an investment pool of around Rs 1 crore which is to be put into startups with a focus on Smart Cities. Further, an investment of Rs 7-10 lakh will be put in each venture selected, benefitting 8-10 teams altogether. Microsoft Ventures will provide software and technology support for the programme.
Autonebula is a connected transport accelerator and investment fund. Its primary focus is on supporting startups which are contributing towards developing Connected Transport solutions. Their vision is to help accelerate the adoption of smart, innovative transportation technologies resulting in economic and social value. To support this vision, Autonebula provides seed funding, work facilities, mentoring and networking opportunities, to the start-up in the connected transport area.
Center of Excellence for IOT
The CoE-IoT Incubation Program will act as a catalyst to accelerate the efforts of the start-ups for growth. The program will provide the necessary support to the start-ups to innovate and create new products leveraging technology to solve real life problems. The IoT lab is an interoperable, multi-technology based stack which will provide design prototype equipments, validation & testing space, demo space and concept labs.
GSF Global Accelerator
GSF Accelerator’s IoT+Cloud program offers founders four months to make the kind of progress typically accomplished in eight to twelve months. GSF IoT+Cloud is structured like a Hackathon. Products pivot several times as teams go through intense, often grueling Q&A sessions with mentors and entrepreneurs in residence. GSF has collaborated with Cisco through a cross-functional and multi-country effort. Cisco will tap into its product and engineering presence in India as well as its global teams, to support and mentor entrepreneurs in India focused on IoT and Cloud enabled opportunities.
The Hypercat Incubator offers an entrepreneurial environment to the start-ups in the domain of IoT and Smart City. It offers high quality offices, advisory support, an international network of collaborators and services. Its aim is to support the launch, survival and rapid growth of new IoT and Smart City businesses that commit to using the Hypercat standard for interoperability. The Hypercat Incubator is situated in Hyderabad, India’s Hi-Tech city, and has the backing of 700 businesses, globally, and houses 40 startups.
ISBA, started a decade ago, today has a membership base of 70+ organisations that are into entrepreneurship development and incubation. ISBA has a pan India network of Business Incubators and has an abundance of expertise and knowledge base in technology business Incubation that has been acquired over a period of 25 years. A diverse range of technology sectors are addressed by the technology business incubators including IoT.
Qualcomm has created the Qualcomm® Design in India Challenge in collaboration with The National Association of Software and Services Companies (NASSCOM). This challenge aims to discover startups which are into product design, development, and manufacturing of hardware and Internet of Things (IoT) for healthcare, education, banking, automotive as well as Smart Cities sectors. In this challenge, in the first round, 10 companies are selected and given $10,000, as well as incubation and access to Qualcomm’s innovation labs. Post this, in the final round, the top three startups get a total prize money of $100,000.
Revvx hardware Accelerator
Revvx is India’s first Indian Accelerator focused on supporting Hardware Startups through Prototyping and Manufacturing of innovative consumer electronics and connected Devices. RevvX supports building Disruptive and Innovative Product Startups in areas such as Internet of Things, Augmented /Virtual reality, Robotics, Drones, Blockchain, Wearables and Connected Automobiles. Revvx drives Hardware Startups in 3 separate Tracks as part of the Acceleration Program.
Track1: Prototyping: Startups build Proof of Concept into a Prototype
Track2: Mass Manufacturing: Startups scale up Production
Track3: Distribution: Startups roll out Retail Sales
Target Accelerator Program
The Target Accelerator Program is designed to help early stage startups develop concepts that could improve Target’s business and the broader retail industry. Through the four month intensive program, Target focuses on transformative and technology-driven ideas to create solutions for today’s rapidly changing retail environment. The American retail chain has been selecting startups relevant to its business for its accelerator program in India and the recent fourth batch of start-ups selected are in the areas of AI, AR, and IoT.
Founded in 2011, TLabs, is a startup accelerator as well as an early stage seed-fund for Indian internet and mobile technology startups. TLabs is an in-house team that provides support through weekly catch-ups across different verticals of the business and provides access to over 100+ experts who are mentors of the program and guide startups on specific issues. There are regular engagement with early stage VCs and angels through multiple sessions.