In a key milestone, the Indian Institute of Know-how Madras (IIT Madras), by its IITM Incubation Cell (IITMIC), has efficiently incubated 104 deep-tech startups within the monetary 12 months 2024–25.
Amid commerce minister Piyush Goyal’s assertion that India wants to maneuver past ‘fancy ice cream’ startups and put money into deeptech, this marks an important growth.
Over the previous 12 years, IITMIC has supported 457 deep-tech startups, now collectively valued at greater than ₹50,000 crores. The portfolio contains two unicorns and one IPO-bound firm.
This feat completes the ‘Startup Shatam’ mission envisioned by IIT Madras Director, Professor V Kamakoti, setting a brand new document in deep-tech entrepreneurship on the institute.
“Greater than 50% of those 104 startups had been based by IITM college, workers, college students, and alumni, whereas the remaining come from gifted entrepreneurs throughout India — a real testimony to the colourful, numerous, and inclusive entrepreneurial ecosystem we’ve constructed,” IIT Madras stated in a LinkedIn publish.
The startups span sectors together with area expertise, well being, defence, automotive, biotechnology, battery expertise, AI, quantum computing, agritech, and IoT. The journey from early-stage assist at NIRMAAN IITM to international aspirations highlights the tradition of translational analysis and deep-tech innovation fostered at IIT Madras.
Notable success tales embody Ather Power, Uniphore, MediBuddy, HyperVerge, Stellapps Applied sciences (MooPay), Planys Applied sciences, AgniKul Cosmos, GUVI Geek Networks, Detect Applied sciences, Mindgrove Applied sciences, and GalaxEye.
“This achievement displays IIT Madras’ dedication to nurturing innovation and creating international impression by deep-tech entrepreneurship,” the institute stated, including, “Collectively, we’re contributing to constructing a Product Nation and a Startup Nation on the highway to Viksit Bharat 2047.”
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