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AVISHKAR, An Accelerator Programme, Invites Applications for Its Third Batch

AVISHKAR supports deep-tech startups with a 10 Lakh Seed Fund, access to IIIT Research Labs and a 6-month structured business coaching. The programme delivers investment readiness for the startups and prepares them to grow to a mature company.

Two robotics startups and an image processing startup made up the cohort of the first batch of AVISHKAR , India’s first deep-tech accelerator programme run by IIITH Foundation, Hyderabad.  The accelerator programme was launched in June 2016 to provide much needed support for deep-tech, research oriented startups in Indian ecosystem.

Endless Robotics, a robot services startups. They have their first product operational, a painting robot called WALT.  WALT is increasingly generating attention and winning painting jobs from the market. The founders, all students from BITS Pilani are passionate about a future where robots become a significant part of human life. The Painting Robot is their first step in their journey to build this future.

Sastra Robotics, the second startups that is part of the AVISHKAR Programme has been receiving accolades from governments and multi-national corporations and is making their mark in the industry with their robotic arms that employ haptics technologies to provide capabilities such as automated touch screen testing. 

Fabulyst is a machine learning & image recognition app that recommends fashion looks. As a recommendation engine, it is based as fashion stylist and at the core of its offering, learns user preferences through the use of Deep Technologies, rates user’s customized style looks based on fashion trends and personal style and simplifies shopping including providing the best and most relevant deals, products to women in particular

The three startups linked by the common thread in their attempts to push the envelopes of commercialisable technologies in the domains of Machine Learning and Robotics were selected out of 145+ applications for the first batch of AVISHKAR Programme. 

AVISHKAR  supports deep-tech startups with a 10 Lakh Seed Fund, access to IIIT Research Labs and a 6-month structured business coaching. The programme delivers investment readiness for the startups and prepares them to grow to a mature company.

As the first batch is graduating in January 2017, the startups are already landing up with customer connections and sales deals as well as investment commitments.  A demo day is also in the offing for creating business and investor connects.

AVISHKAR programme takes in startups at a seed fund stage and takes them through a 6-month structured programme of business building. Various elements of building a strong foundation for the startup is considered for the milestones for the programme. The startups go through a journey characterized by strategic interventions in their business cases, market approach, customer segmentation, team building etc.  By the time they graduate they would be a significantly better position to grow into a mature company.  Along with fixing their business cases, the startups also receive assistance in fixing their technology roadblocks through different models  of engagement with IIIT Hyderabad Research Labs.

The programme draws its strength from investment partnership with 50K Ventures, Business coaching from CoCreation Consulting. The startups also receive various customer development and mentoring support from IIITH Foundation’s partners and ecosystem associates. ( GCP, AWS, F6S alpha card, Legal assistance and more ).

The accelerator takes a 2% percent equity. The seed fund is provided as convertible debenture subscription.

The application to the third batch is open now at :   https://www.f6s.com/avishkardeeptechaccelerator


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