IOT REALITY & WAY AHEAD: INCUBATORS FOR HARDWARE, IOT STARTUPS

IoTNext 2016 SINE, IIT Bombay

SINE, IIT Bombay

•  Since 2004, not for profit entity

•  One of the early adopters of incubators in academia

•  Business Incubation: •  Technology

•  Bio-Medtech

•  Basis for incubation: Potential to create economic growth, strategic value, socially relevant products

•  Preference for IP/ product based companies with an IITB component

•  Collaborative accelerators with Industry: •  Hardware & system startups with Intel India

•  Impact startups with SAP India

•  Idea to prototype support for innovators

Entrepreneurial Ecosystem

SINE

Research & Industry Projects

Academic Programs

Healthcare consortium

Medical Device group

Tata Centre: Frugal

Innovation

Ecell

SINE, IIT Bombay

•  Support entrepreneurship on the campus

•  L e ve ra ge t e c h n o l o gy resources and expertise in the institute

•  IP/ Technology conversion into ventures

•  Mechanism for facul ty participation in startups

•  Ecosystem benefits

INFRASTRUCTURE

•  Work offices, conference rooms

•  Labs & Prototyping facilities

FUNDING

• Seed funds • Govt. Grants • Angels & VCs

NETWORK

•  Tech, Domain, Business mentors

•  industry connect

PEOPLE

•  Functional Experts service, Student, Faculty talent

•  IITB/SINE Alumni

VISIBILITY

•  Events •  Media 3 years

Impact

Precedents in academia: equity, sustainability, incubation framework

85

cos. incubated since pilot

Current: 28

Graduated/ acquired: 37

Folded: 20

2,000 + jobs created during incubation

40

cos. Funded by Angels/ VCs.

USD 75k to >25mn

16

cos. Funded by Bank/ Govt.

IITB IP commercialized 25

Faculty involved startups 21

Companies with social innovation 05

Equity returns (Partial)

incubatees

Ideaforge Technology: Netra: The only indigenous UAV supplying to

Indian security forces

Sizeable order book for next several years

Sedemac Mechatronics: Product: Low cost controls for small engines

Customers: TVS Motor Company, Bajaj Auto, Mahindra Two Wheelers,

Ashok Leyland, Kirloskar Oil Engine, Cummins, Mahindra Powerol Investors: Nexus Venture Partners, IIF, Nandan Nilekani

incubatees

Covacsis: IoT, Big Data Real Time Plant Analytics Framework

Customer sectors: Pharma, Textiles, Petroleum, Chemical

Investors: Bloom Venture, Reliance- GenNext, CISCO Systems

ThinkLABS: Hands on education in STEM: robotics and

science products

Acquired by a leading education company

incubatees

More during discussion