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Telangana TodayHyderabad

AIC-IIIT-H completes 1st cohort, graduates 11 startups

24 September 2020, 4:11 pm

Hyderabad: About eleven social enterprises from the Atal Incubation Centre-IIIT-Hyderabad's first cohort of its Akash and Dhanush programme have graduated in an online ceremony. The enterprises include startups from fields like MedTech, Agritiech, EcoTech, Edtech and FinTech. Organised in association with T-Social Startups Network (TSSN), the event also had a demo day where select startups also pitched in front of investors and ecosystem enablers seeking investment and mentoring support.

Professore Ramesh Loganathan, director, AIC-IIIT-H said, "This is a great opportunity to highlight how technology incubators by supporting social enterprises can make not only economic but also social impact and help India achieve Sustainable Development Goals set by the UN."

Since its inception last year, AIC-IIITH has supported over 20 social enterprise startups and these companies have created 200-plus jobs, generated revenue over Rs 2 crore and raised over Rs 12 crore in funding.

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