Peer-Learning & Mentoring
A Classroom where startups connect and collaborate with a panel of mentors, advisors, faculty and researchers
The I-MACX Accelerator is a Zero Fees, Zero Equity Civic-Tech Accelerator program that catalyzes socially-relevant ventures and facilitates adoption of "Technology for Public Good".
I-MACX offers mentorship, training, customer & investor connections to the participating startups. Over a 12-18 month period, the Accelerator helps the startup progress from "Idea" to "Prototype" (stage-1), "Prototype" to "Pilot Deployment" (stage-2) and finally from "Pilot Deployment" to "Commercial Deployment / Achieve Scale" (stage-3).
Specifically, the accelerator helps founders (OPEN FOR ALL & NOT LIMITED to institute fraternity):
Startups will also have an option to avail the institute facilities (incl. plug-n-play office space and meeting rooms, labs and library, cafeteria and business services) over an extended period of up to 36 months. More importantly, the startups can also collaborate with institute faculty / researchers to develop & launch their product.
In the recent 3+ years since the launch of the Accelerator program, we have helped accelerate more than 25 startups (including OnlineRTI, Srishti ESDM, NSmiles, to name a few) and have invested in 3 civic-tech startups. To apply, click here: Apply
IIITB Innovation Centre nurtures ideas / ventures that leverage information technology. In general, the centre looks at ideas / ventures that are:
Consequently, it is imperative that for each of the participating startups, there is at least one IIIT-B faculty who is interested in the startup & its creations and agrees to sign up as an "Anchor Faculty" (spends quality time at regular intervals guiding the startup in their journey).
ZERO EQUITY, ZERO FEE ACCELERATOR PROGRAM - We do not charge our Accelerator startups any equity / fees.
The startups benefit from the following offerings:
A Forum (including demo days and executive briefings) where startups pitch their creations to a distinguished audience of investors, business and academic leaders, influencers & press in order to raise funds, explore collaborative opportunities & generate business leads
Since 2015, we have successfully executed 2 editions of Startup Demo / Investor days. During such Demo days, we have had angel / seed investors and corporate ventures who had evaluated the startups' offerings. We have also been successful in enabling at least one venture receive angel / seed investment, every year. Over the years, we have ensured that 8 ventures that were part of our program receive angel / seed investment.
We sincerely thank all our mentors who have been helping our I-MACX initiative and our startups. Please email us at Startup@iiitb.org / Ramesh.Sundararaman@iiitb.ac.in, if you could also spare some of your valuable time and contribute to our efforts as a Mentor / Investor / Customer / Partner.
Our startups work on latest technologies to address the problems faced by enterprises, governments & social organizations.
So far, we have executed successfully 3 batches of Thematic Accelerator programs. Listed below are the technology-themes for each of our Civic-Tech focused Startups' Accelerator batches.