August 9, 2019: KIIT Technology Business Incubator has opened the applications for its second cohort of Ignite the Momentum of Innovation to Market (IM2) Accelerator Program. In line with the Startup India and Startup Odisha initiative, KIIT-TBI has been incubating startups from Medtech, Agritech, Internet of Things, Cleantech, Healthcare, and Future tech (AI/ML & AR/VR) space. The applications will be received till midnight August 15, 2019 through the KIIT-TBI IM2 website.
IM2 Accelerator provides an opportunity to pitch to the investors, connects with industry experts, market linkage and a global network of mentors. Startups developing prototype and MVP can apply for the Product validation track and pre-revenue/ revenue stage startups can apply for Market validation track. During the 90 days program, startups get hands-on mentoring and guidance from the mentors and experts from their respective working areas. The startups go through physical interactions through contact sessions at KIIT-TBI and virtual interaction with mentors through online workshops during the program. Cohort 1 involved 14 startups out of which 6 have been offered external investments and product development grants.
The cohort 2 startups will also get the opportunity to connect with the alumni network of more than 50 graduated startups of KIIT – TBI and will be directly in touch with the industry experts for the exponential growth and greater market access.
KIIT Technology Business Incubator (KIIT-TBI), recipient of National Award for TBI in 2017 is a non-profit incubator established in 2009, as an initiative of KIIT Deemed to be University, Bhubaneswar and is supported by Government bodies like NSTEDB, DST, Meity, MSME, BIRAC, TDB to boost the entrepreneurial ecosystem in the country. KIIT-TBI received the incubation status in 2009 by NSTEDB, Department of Science & Technology Government of India.
KIIT-TBI provides an appropriate platform and environment with a world-class infrastructure of around 120,000 sq. ft. that offer a range of incubation facilities and services to the prospective entrepreneurs to convert their innovative ideas into commercially viable products and till date, it has already incubated and mentored 150+ startups.
KIIT-TBI is incubating startups in the domain of IT and Engineering, Cleantech, Healthcare and Life Sciences Biotechnology, Agri and Food Tech and other social innovation areas. For more details visit: www.kiitincubator.in
Startups can apply to the program at www.im2.kiitincubator.in and can reach out to [email protected] for support.