Hon’ble Defense Minister Shri Rajnath Singh launches Acclimatization BootCamp (ABC) for Defense Startups, a program by iTIC Incubator at IIT Hyderabad during DefExpo 2022
Highlights:- A unique program by iTIC Incubator at IIT Hyderabad in collaboration with iDEX DIO
- ABC for Defense Startups would help civilian technology startups convert their innovations to defense applications
- 4-month program at IIT Hyderabad
- The first cohort would have 10-12 startups
The ABC for Defense Startups would be a 4-month long program and would select 10-12 startups in their first cohort. These startups would be connected to the knowledge partners, which include serving and retired armed forces. These mentors would understand the technology of the startup and connect the use case for the same in defense applications. After narrowing down the problem statement mutually, a startup would build a prototype with the help of iTIC Incubator at IIT Hyderabad and run it through mentors to validate the solution. At the end of the boot camp, startups would be trained in writing proposals for grants and procurements. The aim of this boot camp is to acclimatize a startup with civilian technology, find a use case in defense, and help apply for grants and procurements for defense.
Shri Rajnath Singh, while launching the program, congratulated iTIC Incubator and iDEX teams and stated, “It is good to see iDEX and iTIC Incubator at IIT Hyderabad are collaborating and designing a new program. This will boost our defence ecosystem lot.’’
“Startups can apply to this program at www.itic.iith.ac.in/abcd. The deadline for applications is November 18, 2022, and the program kickstarts on December 8 onwards. Benefits for startups include feedback from the defense ecosystem, access to iTIC and IITH infrastructure, proposal writing for defense procurements and grants, and access to the defense market. Listing out these benefits to the startups under the program”, Prof B S Murty, Director IITH expressed his confidence in the success of the initiative and welcomed the startups to make use of this unique program.
About iTIC Incubator at IIT Hyderabad
iTIC is a Technology Business Incubator (TBI) under the aegis of the Indian Institute of Technology Hyderabad (IITH) and supported by the Department of Science and Technology (DST), Government of India. iTIC is a Not-For-Profit Society that focuses on creating a supportive and nourishing environment for budding entrepreneurs in the field of technology. The focus areas of iTIC incubator are Deep tech sectors such as Healthcare, AI/ML, Quantum Computing, AR/VR, Cybersecurity, Robotics, IOT, Industry 4.0, Blockchain, Electronics, Advanced materials, Drones, Biotechnology, etc. iTIC aims to help entrepreneurs leverage a premier quality research and startup ecosystem with the goal of building a comprehensive platform to practice innovation and entrepreneurship so that these entrepreneurial ideas can be turned into sustainable, scalable profit-making business ventures. iTIC provides support to startups such as Mentoring, Financial Aid, IP Support, Networking, and access to Dedicated office/ Coworking space, Software, IITH Technological Infrastructure, and Makerlab.
Since its inception in 2015, iTIC has supported 125+ startups through Pre-incubation, Incubation, and Acceleration programs and has sanctioned more than INR 8 crores to startups directly while supporting the startups in raising more than INR 50 crores from external sources. So far, the iTIC startups have generated more than INR 800 crores of revenues and created 1000+ jobs.
About IIT Hyderabad
Indian Institute of Technology Hyderabad (IITH) is one of the eight new IITs established by the Government of India in 2008. In a short span of 14 years, the institute has become a top-ranker. It has 287 full-time faculty, ~3,800 students, 18+1 Departments + Centre for Interdisciplinary Program, nearly 200+ state-of-the-art laboratories, and five research and entrepreneurship centers. The institute has a strong research focus with approx. Rs 535+ crore of sanctioned research funding, with PhD scholars accounting for about 30% of total student strength. IITH has more than 7,500+ research publications with 1,00,000+ Citations, 190+ Published Patents, 1,700+ sponsored/consultancy projects with 500+ running projects, and about 100+ startups.To know more, please visit https://www.iith.ac.in/.
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