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IIM Incubators, A Great Source Of Funding For Startups

By SiliconIndia  |   Wednesday, 08 May 2013, 12:02 Hrs   |    1 Comments
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Bangalore: Delhi based startup, Kriyate Design Solutions, will be soon procuring funds from Aarohan Ventures in partnership with US-based venture fund Village Capital. Kriyate, an Indian start-up headed and run by Sumit Dagar, a post-graduate student has been selected as one of the 16 innovations for the Technology for Impact accelerator initiative by a division for social enterprise incubation set up by the Centre for Innovation Incubation and Entrepreneurship (CIIE) at the Indian Institute of Management, Ahmedabad (IIM-A), reports Livemint.

Kriyate has been recently in the media limelight for inventing world’s first Braille Smartphone. Sumit Dagar is collaborating with the Indian Institute of Technology, Delhi and LV Prasad Eye Institute in Hyderabad to develop a prototype of the Smartphone for visually-impaired persons.

Over the last four years, 80 startups have been successfully mentored and funded by IIM-A’s incubation centre, out of which 15 of them are social enterprises.

Read more: 5 Ways How Modi Enhances Women Entrepreneurship in Gujarat

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Reader's comments(1)
1: Just to clarify, Aarohan is an initiative of CIIE to provide enhanced support and ecosystem for social impact startups and We continue to have other initiatives like iAccelerator - India's leading accelerator program for ICT startups and Infuse, a cleantech focused early stage venture fund.
We believe that creating such focused initiatives allow us to support startups more effectively.
Posted by:Shashank Rastogi - 15 May, 2013