STARTUP AND ENTREPRENEURSHIP

AI4ICPS startups are a testament to the innovative spirit fostered by the AI4ICPS I Hub Foundation at IIT Kharagpur. These startups are the driving force behind the translation of cutting-edge research into market-ready AI solutions across various industries. The AI4ICPS initiative has introduced several programs to support these startups

OUR STARTUPS

INCUBATION PROGRAMS AT AI4ICPS

 

 

Grand Challenges and Competitions (CPS-GCC)

These challenges shall be for encouraging early-stage and pre-incubated inventions along lines of AI4ICPS, providing them quarterly residential support, training in respect of creating the minimum viable product (MVP) at TRL3, and creating a business model around the product.

 

 

Entrepreneur in Residence (CPS-EIR)

This activity shall support 20 entrepreneurs per year through a 1 year long fellowship program with on-site residency requirements at the AI4ICPS, who shall walk in with ideas at TRL1-3, and explore and create MVP at TRL3-4. Candidates are expected to be Graduates in Engineering with a passion for innovation but shall require hand-holding to understand the technology space in AI and ML intervention to CPS. During this period they shall learn about the nuances of technology development and participate in the various innovation workshops at AI4ICPS.

 

 

Promotion and Acceleration of Young and Aspiring Technology Entrepreneurs (CPS-PRAYAS)

These activities shall be for on-site incubation for a period of 1 year each, 2 innovations at TRL4 shall be supported for TRL5 scaleup and validation in the relevant CPS environment. The live testbeds shall be extended to support such work. Additional support for technology buildup shall be promoted by the different Engineering staff of the TIH.

 

 

CPS Startup Ignition

This activity shall support 10 Early stage start-ups per year which have demonstrated a MVP at TRL5 through a funding ignition program without residency requirement, to enable scaling it to TRL6, and virtual incubation support. The support shall be The participants shall be able to apply for other support programs as well, but not participate in any more than one program at a given time. This shall be for a fixed tenure of 1-3 year in phased support, and performance is monitored.

 

 

Seed Support System (CPS-SSS)

This program shall be a mode of debt financing, in the lines of a pre Series A seed investment. This shall be extended to 2 enterprises per year, with virtual incubation requirement, and a total of 10 shall be supported in the program span of 5 years. This may be subsequent to the CPS Startup Ignition. The ignition support shall be met as a venture valued equity investment by AI4ICPS, based on a phased investment manner, with investor’s exit priority on subsequent investment.

Contact Us

Write to us at info@ai4icps.in. Better yet, see us in person!
Feel free to visit during normal business hours.

IIT Kharagpur AI4ICPS I Hub Foundation
Nalanda Classroom Complex, IIT Kharagpur, Kharagpur, West Bengal, India