INR 2.5 Cr funding won by Social Startups from IIITH’s social incubator AIC-IIITH

19 March 2023, Hyderabad: We want to maneuver towards attaining sustainable and inclusive development to assist India obtain UN Sustainable Development Goals (UN SDGs). As a part of this Atal New India Challenge (ANIC) a flagship program of Atal Innovation Mission (AIM), NITI Aayog, has chosen AIC-IIITH’s Social Startups Jivoule Biofuels, a Hyderabad-based inexperienced power firm and Verdant Impact, a Jaipur-based animal husbandry platform for funding of INR 1Cr every. This quantity can be disbursed after the startups efficiently full the due-diligence course of.

An enormous a part of attaining SDGs additionally included supporting People with Disabilities. Recognizing this, AIC-IIITH’s SunQulp Tech has been chosen for a grant of INR 50 Lakh from Biotech Ignition Grant (BIG), the biggest early-stage biotech funding programme in India. BIG is the flagship programme of Biotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology.

AIC-IIITH’s imaginative and prescient is “Catalyzing Sustainable Development Goals (SDGs) utilizing expertise to grow to be a thought chief within the area of expertise for social impression.” This aligns with ANIC’s purpose “to hunt, choose, assist and nurture technology-based improvements that remedy sectoral challenges of nationwide significance and societal relevance.” Similarly BIG which seeks ‘supplies the fitting admixture of gasoline and assist to younger startups and entrepreneurial people’ align with AIC-IIITH’s targets to “Validate prototypes and enterprise fashions to assist transfer India forward in attaining the U.N. SDGs.” Thus, AIC-IIITH’s tech-based social startups are an ideal match for these programmes.

Jivoule Biofuels based by Chandrasekhar Nandigama is working to arrange a compressed biogas plant in Hyderabad. They lately began working a biogas-based energy technology plant in Tirupur.

Verdant Impact run by Founder and CEO Manish Okay. Prahlad is a full-stack animal husbandry platform. The platform supplies farmers with from side to side linkages for buy and sale of livestock and companies like Animal ICU, a digital livestock healthcare ecosystem.

SunQulp began by the group of Amit Panwar (Founder) and Dushyant Kumar (Co-Founder) have created SmartVest, a low-cost, certainly one of its variety, distinctive navigation answer for the visually impaired individuals to assist them of their motion. It is a wearable vest that guides the wearer whereas strolling by speaking to them in human voice and provides them real-time details about their path and the obstacles to keep away from, serving to them go locations with confidence.

Congratulating the Startups, Prof. Ramesh Loganathan, Director of AIC-IIITH stated, “This monetary funding by AIM and BIRAC in AIC-IIITH startups validates and reaffirms our method of looking for to assist using expertise by social entrepreneurs to deal with urgent social and environmental challenges confronted by India.”

Jivoule Biofuels was a part of AIC-IIITH’S Raftaar – Covid Acceleration Program supported by EPAM Systems as a part of its ESG dedication. Verdant Impact and SunQulp Tech are a part of the third cohort of Akash, AIC-IIITH’s Flagship Incubation Program.

AIC-IIITH’s Startups Jivoule Biofuels, Verdant Impact and Next Skills 360 have been additionally a part of varied G20 startup conferences organized by the federal government throughout India.

AIC-IIITH Foundation, social tech incubator of IIITH, runs a number of cohorts of social startups below varied applications like Akash, flagship incubation program and Dhanush Micro Incubation program. AIC-IIITH has additionally run applications funded by varied company companions like EPAM, HDFC and Pernod Ricard India Foundation, offering grants to startups. Till date AIC-IIITH has supported 41+ startups, created 300+ jobs and facilitated INR 2+ Cr of funding in numerous social impression sectors like Medtech, Agritech, Greentech, Climate, Edtech and so on. AIC-IIITH startups raised INR 75+ cr in funding until date.