Four social startups receive a grant under the Raftaar COVID Support Accelerator program launched by AIC-IIITH and EPAM
– 4 startups have been selected for the Raftaar COVID Support Accelerator Program and will be supported by a grant of up to INR 3,000,000 and other non-financial support.
– The selected startups are – Jivoule Biofuels -Waste Management, Tekra Solutions Pvt Ltd (myUDAAN) Healthtech, Intech Harness Pvt Ltd -Agritech and ClimateXos – Environment.
– Raftaar was launched by AIC-IIITH in collaboration with EPAM systems, one of the world’s leading providers of digital platform engineering and development services, to support social impact-focused startups disrupted by COVID.
– AIC-IIITH, located in the Center for Innovation and Entrepreneurship (CIE) at IIITH – one of the oldest tech incubators in the country, supports tech-based social startups.
HYDERABAD from India, July 16, 2021 / PRNewswire / – Startups and their projects have been completely disrupted by the COVID-19 pandemic. Therefore, to support them, AIC-IIITH launched Raftaar – a COVID support acceleration program in collaboration with EPAM.
AIC-IIITH is an Atal incubation center for technology-based social enterprises supported by AIM, NITI Aayog is the social incubator of CIE (Center for Innovation and Entrepreneurship), IIIT Hyderabad. The CIE is one of the oldest and now largest university technology incubators in the country.
The Raftaar program is part of EPAM’s CSR effort to have sustainable social impact and will support four for-profit social enterprises with a bridging grant of up to 3 lakhs INR and other non-financial support. The selected startups are:
- Jivoule biofuels: A technology supply chain for collecting used cooking oil and converting ingit to biodiesel for blending with regular diesel to reduce carbon emissions and use biodiesel without any modifications to current automobiles. It will solve the environment and health problems.
- Tekra Solutions Pvt Ltd (myUDAAN): myUDAAN provides mobility assistance to people with disabilities and the elderly, including accessibility information and an on-demand mobility assistance service to help them venture freely and freely.
- Intech Harness Pvt Ltd: A patented, IoT-enabled, farmer-obedient pump controller for farmers facing erratic feed and water conditions to automate agricultural irrigation with the ability to respond to feed and water interruptions without human intervention.
- ClimatX: An integrated decision support platform (SaaS) that provides information on the urban climate to the real estate, construction, finance, insurance and government sectors.
These startups and others like them using technology to improve access and impact in areas such as health, agriculture, environment and the circular economy can help get things done. india efforts towards the United Nations Sustainable Development Goals. This program helps them overcome the disruption caused by COVID-19 on their business operations and amplify their impact and / or make them sustainable.
âWe place great importance on knowledge sharing and education within EPAM and are proud to sponsor various technology-related initiatives that act as a driving force for good, especially startups focused on social impact that have been strongly affected by the pandemic, âsaid Shamileka Samarasinha, Head of Corporate Social Responsibility at EPAM. âRaftaar COVID Support Accelerator beneficiaries are making impressive strides towards sustainability. This program is just another way for us to continue to support our global and local communities.
Highlights of the program include:
- Support for the Milestone-based Bridge grant up to 3 INR Lakh per startup
- Bootcamps / workshops on various topics
- Masterclasses and mentoring provided by an expert
- Refine the business model and support scaling for impact
- Access to CIE Startup services
- The technological expertise, laboratory facilities and talent pool of the IIIT-H
Expressing the importance and timely nature of the program, Prof. Ramesh loganathan, Director of AIC-IIITH said, âCOVID has turned society upside down and supporting social startups is an essential tool for better rebuilding. This is a timely program that has been designed in accordance with the institute’s credo of encouraging research and education that makes a difference. “
About the AIC-IIITH Foundation
The AIC-IIITH Foundation is an Atal incubation center created exclusively to incubate and support technology-based social enterprises. It seeks to deploy entrepreneurial energy and technological innovation with social impact to help India achieve the SDGs. Supported by Atal’s innovation mission, NITI Aayog, government of India, AIC-IIITH FOUNDATION also seeks to nurture the social enterprise ecosystem by acting as a platform for sharing ideas and knowledge. With over 10,000 square feet of coworking space, conference room, meeting space and other facilities, the AIC-IIITH FOUNDATION aims to provide a collaborative space for entrepreneurs. These advantages are further enhanced by the multiplier effect of agglomeration effects and network effects of being located in the Center for Innovation and Entrepreneurship (CIE), IIIT-Hyderabad, which is a cluster of business centers. incubation, research labs and resources.
For more information, please contact at: [emailÂ protected] or for more details visit our website – https://aic.iiit.ac.in/ and for updates follow us on:
Twitter – @IiithAic
About IIIT Hyderabad:
The International Institute of Information Technologies, Hyderabad (IIITH) is an autonomous research university founded in 1998 that focuses on key areas of information technology, such as computing, electronics and communications, and their applications in other fields through a interdisciplinary research with great social impact. Some of his research areas include visual information technologies, human language technologies, data engineering, VLSI and embedded systems, computer architecture, wireless communications, algorithms and security. information, robotics, building science, seismic engineering, computational natural sciences and bioinformatics, agricultural informatics and e-Governance.
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SOURCE International Institute of Information Technology-Hyderabad