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The I-MACX 'Startup' Accelerator

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".


THE ACCELERATOR IS OPEN FOR ALL AND NOT LIMITED TO INSTITUTE FRATERNITY.


The I-MACX Accelerator offers mentorship, training, customer & investor connections to the participating startups. Over a 4-6 month period, the Accelerator helps the startup progress from "Prototype" to "Commercial Deployment" and possibly "Achieve Scale".


Specifically, the accelerator helps founders:


  • understand & articulate their venture's purpose,
  • understand customers & their pain-points,
  • build a credible value proposition,
  • roll-out a pilot deployment,
  • address the larger go-to-market challenges,
  • acquire their first customer(s) and
  • gain access to angel / seed investors

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 18 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


Selection Criteria


IIITB Innovation Centre nurtures ideas / ventures that leverage information technology. In general, the centre looks at ideas / ventures that are:

  • Novel: There must be some originality in the proposed idea
  • Non-Trivial: The idea, when executed well, must be able to create an entry barrier for competition
  • Nifty: Within 12-18 months, the idea should be capable of getting translated into a commercial offering and start earning revenue

Additionally,

  • The centre desires that IIIT-B's researchers and students contribute to the startups. To this end, the idea should be intellectually challenging enough to attract our students and faculty. It is also desired that such interactions between the institute community and the startups would also result in the generation of intellectual property including disclosures, papers, teaching material, case studies, etc.
  • Notwithstanding the innovative nature of the idea / venture, the centre also understands (from past experience) that the market success of a venture is also dependent on the passion, composition & perseverance of the founding team members.

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).

Benefits to Startups


ZERO EQUITY, ZERO FEE ACCELERATOR PROGRAM - We do not charge our Accelerator startups any equity / fees.


The startups benefit from the following offerings:


Peer-Learning & Mentoring


A Classroom where startups connect with each other and collaborate with a panel of mentors & advisors, successful entrepreneurs & seasoned executives, faculty & researchers

Access to Potential Customers


Conduct field-trial of your offerings at our campus and refine your offerings; leverage our impeccable social / civic / media reputation - conduct executive briefings and gain access to potential customers

Investor & Media Connections


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 create visibility for their creations, raise funds, explore collaborative opportunities & generate business leads

Business Services


Access to various offerings at discounted prices - be it technology tools, Legal, Finance, HR & Recruitment, IP, PR, Marketing, etc. ; Access to vast collection of books & journals in our institute's library

Events & Activities


As a member of our larger institute family, gain access to various intellectual events (conferences, workshops, meetups, etc.) & social activities (spic macay, festivals, etc.) that happen on campus

Education


Formal classes on important topics like Negotiation, Pitch Deck, Term Sheet, Marketing, etc.

Demo Day

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 9 ventures that were part of our program receive angel / seed investment.


Our Mentors

Mr. Bekay J

Co-founder - Microland


Vision

Mr. Bala C

Founder - FutureIP


Vision

Mr. Gautam H

Founder - Backend Bangalore


Growth

Dr. Anunay G

Angel Investor & Entrepreneur


Business Model

Mr. Siva R

CEO, Ephicacy India


Sales

Ms. Vidya S

Mentor - SVP, Oracle Ventures


Fund Raising

Mr. Vijay K

Lead Partner, MyCFO India


Finance

Prof. Sridhar V

Professor, IIIT-B


2-Sided Marketplaces

Mr. Nagaraj S

Ex-Director, NetApp


Cloud

Mr. Ramani P

Site Head, Airwatch


Enterprise Mobility Management

Mr. Nataraj K

VP, Accenture


Open Innovation

Mr. Girish K

Founder, Verbinden


Marketing

Ms. Shalini

Founder, Open Sim Sim


Legal & IP

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

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.

  • Acad Yr 2014-15: SAAS & "Mobile" Ventures
  • Acad Yr 2015-16: "Marketplace" Ventures
  • Acad Yr 2016-17: "Data Analytics" Ventures (ongoing)
  • Acad Yr 2017-18: "IOT & Big Data" Ventures (starts Jul)


Chipmonk

End-to-End IOT Solutions
Accelerator Acad Yr: 2014-15 2017 Status: Doing well

Clytics

Energy Analytics
Accelerator Acad Yr: 2014-15 2017 Status: Doing well

EasyM2M

Wearables for first responders
Accelerator Acad Yr: 2014-15 Anchor Faculty: Prof. Dinesh, Prof. Tricha & Prof. Srikanth 2017 Status: Doing well

APPLY NOW

AbSimpl

Enabling Tomorrow's Education, Today
Accelerator Acad Yr: 2014-15 Anchor Faculty: Prof. Sridhar, Prof. Srikanth, Prof. Chandrashekar 2017 Status: Transformed into Epecate and doing well

APPLY NOW

Kisan Saathi

A Farmer's Companion
Accelerator Acad Yr: 2014-15 2017 Status: Doing well

Online RTI

Simplest Way to File Your RTI
Accelerator Acad Yr: 2014-15 Anchor Faculty: Prof. Amit 2017 Status: Doing well

AnswerCart

Get Your Own Community Platform
Accelerator Acad Yr: 2014-15 2017 Status: Doing well

Redmed

Non-invasive Medical Diagnostic Solution Provider
Accelerator Acad Yr: 2014-15 Anchor Faculty: Prof. Sujit 2017 Status: Doing well

Srishti

Digital Identification & Payment Solutions
Accelerator Acad Yr: 2014-15 Anchor Faculty: Prof. Sadagopan 2017 Status: Doing well

APPLY NOW

Shareboard

Free, Simple and Fast File Sharing
Accelerator Acad Yr: 2015-16 2017 Status: Doing well

Talent Pegs

The simplest and fastest way to find jobs around you
Accelerator Acad Yr: 2015-16 2017 Status: Transformed into GaliJob

Try Karo

Reimagining risk-free buying
Accelerator Acad Yr: 2015-16 2017 Status: Doing Well

Tagglane

Shop in Your City
Accelerator Acad Yr: 2015-16 2017 Status: Shutdown

Evivo

Enabling e-Lifestyle
Accelerator Acad Yr: 2015-16 2017 Status: Doing well

Filmy Sphere

A Talent Discovery Platform for artists & performers
Accelerator Acad Yr: 2015-16 Anchor Faculty: Prof. Ramesh 2017 Status: Transformed into 99doing and doing well

LEFA

Enabling Education for All
Accelerator Acad Yr: 2015-16 2017 Status: Doing well

NSmiles

Inspiring Positive Living
Accelerator Acad Yr: 2015-16 Anchor Faculty: Prof. Srikanth 2017 Status: Doing well

KickStart

Cabs for the Physically Challenged
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Rajagopalan & Prof. Ramesh 2017 Status: Doing well

Mathologic

Innovating for the Railways
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Muralidhara Focus Technology: SAAS 2017 Status: Doing well

Rytangle

Voice of the Customer
Accelerator Acad Yr: 2016-17 Anchor Faculty: Mr. Jagadish 2017 Status: Doing well

APPLY NOW

HealtheLife

Standards-compliant EHR Platform
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Srikanth, Prof. Amit & Prof. Sridhar 2017 Status: Doing well

APPLY NOW

Aagnaa

Future of Lifestyle is Here and Now
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Sadagopan 2017 Status: Doing well

Ziroh Labs

Searchable Encryption Technology for the Cloud
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Sujit & Prof. Ramesh 2017 Status: Doing well

Morning Cart

One stop solution for all your morning needs
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Sridhar & Mr. Jagadish 2017 Status: Doing well

X-Design

Smart Tag, Smart Bulb, Smart Products
Accelerator Acad Yr: 2016-17 Anchor Faculty: Prof. Subhajit 2017 Status: Doing well

APPLY NOW

XLayer - Lanesquare Technology

Interconnecting Physical World to Intelligent Machines
Accelerator Acad Yr: 2017-18 Anchor Faculty: Mr. Jagadish 2017 Status: Doing well

ClearTranscripts

Smart Transcripts for Indian Universities
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Chandrasekhar 2017 Status: Doing well

Dataway Solutions

IOT and Wearable Solutions for Society's Challenges
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Debrata Das 2017 Status: Doing well

StupaIT Solutions

IOT for Asset Management
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Debrata Das 2017 Status: Doing well

VideoKen

Video based social learning platform
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Manish Gupta, Prof. Vaibhav 2017 Status: Doing well

Dewdas Tech

IOT Solutions for Space and Aerospace Sectors
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Joy 2017 Status: Doing well

NewAge Analytics

Analytics Solutions for Educational Institutions
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Sujit 2017 Status: Doing well

GreenDZine Technologies

Smart Electric Mobility Solutions
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Prasanna & Prof. Rajagopalan 2017 Status: Doing well

Smart-M Technologies

Smart Electricity Monitoring Solutions
Accelerator Acad Yr: 2017-18 Anchor Faculty: Prof. Subhajit Sen 2017 Status: Doing well