Semiconductor behemoth Intel India’s plugin programme Intel India Maker Lab recently held its demo day at its Bengaluru campus. The event featured 12 startups that were part of its 2nd accelerator programme.
Started two years ago by Intel India in association with Society for Innovation & Entrepreneurship (SINE), IIT-Bombay, and Department of Science & Technology (DST), Government of India, the one-year long plugin programme called Intel India Maker Lab aims to promote hardware-related startups. Under the collaboration, while Intel India provided the necessary infrastructure to the shortlisted startups, DST sponsored the programme. SINE IITB mentored the startups and imparted knowledge expertise to them.
Speaking of the accelerator programme, Jitendra Chaddah, Senior Director, Strategic Development & Operations, Intel India said, “There has already been a startup ecosystem in place as far as software startups are concerned; however, our effort is to extend our facilities to hardware startups. Moreover, the collaboration with DST and SINE, IIT-Bombay in this journey has been hugely enriching and I am confident these experiences will help us enable more such success stories.”
The 12 startups were shortlisted out of 250 startups which applied for the accelerator programme. Out of these 12 startups, four have market-ready products, five have completed product development and three have proof-of-concepts ready. At the demo day, a jury from DST, SINE IIT and Intel India awarded some cash prize to top three startups.
“Besides Intel India, DST has also collaborated with 150 other incubators. As part of the collaboration programme, DST also provides an incubation fund of $15.4K to each of these startups,” said Dr Anita Gupta, Director and Associate Head Innovation and Entrepreneurship, DST, Government of India
She further added, “DST and Intel India have been collaborating over 10 years in promoting innovation and entrepreneurship in India. The beauty of this programme is that some of the startups that made to the top 12, are from tier II/III cities and states like Odisha. This also tells that how the startup ecosystem is spreading across the various parts of the country.”