UP making pitch for startups, allocates Rs 1,000 croreUP pitching for startups

Virendra Singh Rawat / Lucknow

The premier Indian Institute of Technology (IIT), Kanpur has undertaken to nurture startups dedicated to the domestic urban development sphere.

The business incubator of IIT Kanpur, Startup Incubation and Innovation Centre (SIIC) has partnered with the union Ministry of Housing and Urban Affairs (MoHUA) under the ‘Startup Gateway Free Cities’ program.

Under this, MoHUA will act as a monitoring agency to support 20 startups in the first phase by providing funding to enrich the innovation ecosystem in the domain of waste-to-wealth.

Meanwhile, these 20 startups exclude the top 10 startups from 30 finalists under the ‘Swachhata Startup Challenge’.

SIIC is an implementation partner under the initiative to support 20 selected innovations/startups by offering mentorship, administrative and handholding support for one year.

In addition, 55 startups will be identified during the program implementation and provided the support required for their growth.

SIIC, IIT Kanpur, is one of the oldest incubators in the country. It was established in 2000 when the entrepreneurial ecosystem was still at a nascent stage in India.

The collaboration between MoHUA & SIIC is to support 75 startups working at the nexus of technology and social innovation to solve India’s waste management challenges by improving waste management efficiency, increasing social impact, and improving transparency of the waste value chain.

Prof. Ankush Sharma, Professor-in-Charge, Innovation and Incubation IIT Kanpur, said, “These 20 startups will create impactful businesses through this partnership by creating indigenous technologies in the waste to wealth domain.”

Dr. Nikhil Agarwal, CEO, FIRST & AIIDE-CoE, said, “This program will add to the vibrant incubation ecosystem at SIIC by providing resources to startups for technological solutions for waste management through validation and deployment of available technologies for the transformation of waste to wealth.”

Mr. Piyush Mishra, COO, SIIC, added, “This initiative will be a game-changer in the CleanTech space and contribute heavily towards Sustainable Development Goals.”

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