New Delhi: T-Hub, one of India’s pioneering innovation ecosystem, through its capacity-building initiative T-Tribe, has announced the graduation of idea-stage startups from its MasterClass program. The five startups are Kshemin Labs, PolluShun, Bliss Extracts, AadhaTrip and InfinitIQ.
In this edition, five startups graduated out of eight idea-stage incubated startups. These startups were selected from a pool of more than 135 applications from different sectors ranging from automobile to healthcare. Some of the selected startups have been featured in All India Radio, reached the second stage of the Technology Incubation and Development of Entrepreneurs (TIDE) 2.0 grant and have also given a product demo to KT Rama Rao, Minister for IT, Industries & Commerce and Municipal Administration & Urban Development.
Ravi Narayan, CEO, T-Hub, said, “The most crucial part of a startup’s journey is its early stage, that is when the idea is developed into the product – and the focus is on advancing technology to scale up smartly. To ensure enough support for startups at an early stage – T-Hub’s MasterClass has been tailor-made, especially young innovators from colleges, poised to shape the local tech and innovation ecosystem and beyond. The initiative will drive early interventions and exposure of startups to various stakeholders for possible business collaborations, enabling them to convert their ideas into a viable business.”
Achievements of the startups:
- Kshemin Labs are in discussions with HITACHI for product development and outsourcing.
- PolluShun are in discussions with TSRTC for prototype testing.
- Bliss Extracts products got launched on Swiggy and soon on Zomato as well.
- AadhaTrip is catering in nine states including Telangana. The company is now making 100 trips per day.
- InfinitIQ’s product is being rolled out to schools in three states for classes 8-10 standards.
An advanced 18-week entrepreneurship course curated by T-Tribe, MasterClass nurtures budding entrepreneurs by enlightening them on various aspects of entrepreneurship. The program guides the startups in five stages: ideation phase, design phase, MVP phase, business-plan phase, and pitch-perfect phase. The program managers and mentors help them transform the idea into a viable product by defining the process flow of establishing a startup and strategising a viable, sustainable profitable business plan. The program also helps the startups get investment-ready by helping them in the investor pitch.
The graduated startups received the following benefits through the program:
- Recognition by Startup India.
- Technical expertise and industry-level management support.
- Five-stage certified startup.
- IP, trademark, and patent support.
- Opportunities of seed funding.
- Manpower support.
The graduating five startups were given participation certificates, along with their startup reports in the presence of all program stakeholders like mentors, program managers, matured startup founders, top corporates’ Vice Presidents, and T-Tribe members. The virtual ceremony took place in the presence of notable program mentors, such as Bhubesh Kumar, Director, Food and Agriculture, RICH; Srikar Y.V, Director, Government Relations at redBus; Dr Jyothirmayi, Head and Principal Scientist, CFTRI; Ajay Sadhuneni, Founder and CEO, Axiom Solutions Pvt Ltd; and Rahul Kanuganti, Founder of Flyatta. MasterClass program has provided its startups with 10 industry connections, 1000+ hours of engagement, 15 mentor connections and 15 service providers connections.
Discussion about this post