NIDHI xlerate 3.0 – KIIT – Technology Business Incubator

NIDHI Accelerator
Program

About the Accelerator Program

NIDHI Accelerator is aimed to help aspiring entrepreneurs in the country, including the ventures already being incubated, to be guided in a rigorous and more structured manner, through a deep mentoring process and access to funding and market networks. NIDHI accelerator is positioned for accelerating startups that have made significant progress in terms of market validation and are at the growth and scale-up stage

Who Can Apply

Startups with Prototype ready for market validation, Pre-Revenue Stage, raising private investments

Cohort

15 Innovators

Application Window Starts From

1st-31st Aug 2022

Objectives of NIDHI-Accelerator

To fast track the growth of potential startups through rigorous mentoring and networking support in a short span.
To attract subject matter experts, mentors, and angel investors get associated through the structured accelerator program.
To build a vibrant startup ecosystem, by establishing a network between academia, financial institutions, industries, and other institutions.
To act as a hub for several incubators in the region, so that high-potential startups can be fast-tracked for increased exposure and validation.
Employ a “fail fast” approach: ideas or prototypes that are not getting traction should be abandoned (or modified) quickly, allowing founders to redeploy resources to other projects or even new companies at a rapid pace.

Cohort Details

All
Agriculture
Industrial Biotechnology
Bioenergy
Healthcare

Villa Mart Pvt Ltd

IR imaging for auto detective quality assessment of Fruits and Vegetables

F3 Biotechnology Pvt Ltd

Development of Micro Emulsified Water-Soluble Salt MEWSS to enhance starch gelatinization in animal feed

APChemi Pvt Ltd

Pyrolysis oil purification technology

C.H.I.R.A.G. Technologies Pvt Ltd

Variable-rate spraying in field crops and orchard crops using standardized parameters

MinionLabs India Pvt Ltd

Minion energy management solution

Manentia Advisory Pvt Ltd

3D AI based deep learning platform for analysis & monitoring of Ct lung cancer

Takeaways

For the selected 15 Startups

Focus Area

HealthTech

Learn the basics of entrepreneurship, marketing and technology!

Bioenergy

Learn to lead and delegate – choose your right fit.

AI/ML and IoT

Connect with peers and mentors who will add value to your proposition.

AgriTech

Brainstorming among consorts and coming up with an idea.

Waste Management

Learn the magical science of storytelling for your journey.

Industrial Biotechnology

Learn the secret to developing excellent communication skills.

Investors Onboarded

Tentative Timeline and Process Flow for Applications

Application Window

1^st Aug – 31^st Aug 2022

Only the applications that are submitted online will be accepted for further evaluation in this Accelerator Program. No email/hard copies will be considered.
Preliminary assessments and compliance checks would be conducted on all completed applications. Incomplete applications will not be considered eligible.

Shortlisting & Onboarding

1^st Sept – 30^st Sept 2022

Signing of MoU and Post Onboarding Guidelines
Sharing of Program Structure, Calendar, Reporting Documents etc

Accelerator Phase

Oct – Dec 2022

TheCircle and KIIT-TBI will run a structured 90 days deep mentoring program with the following objectives – provide the Startups with a momentum to establish a strong position in the market by idea validation, identifying the business opportunities, making potential customers, building a scalable business model and building Go-To-Market strategy.