New wave of Startup: Big forces join hands to kick-start hardware startups in the country
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For some time now, the perception and observation has been that India is driving a lot of software related startups and the venture capitalists were more keen on Software projects. Well, we are not surprised as
In order to foster innovation and entrepreneurship, Department of Science & Technology (DST), Government of India,
The one year program will look at turning prototypes into products for 20 chosen startups (with proof of concept). The program aims to address gaps in the hardware and systems start-up ecosystem that companies are facing in product design, development, commercialization, and creating scale for their solutions. Not only will the startups get to use the incubation centers of SINE and Intel, they will also be guided by industry experts on every level including ideation, design thinking, prototyping workshops and manufacturing.
So if you are a hardware engineer with a great concept and its proof, this is how you can have your product in the market in one year
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During the year-long Program, start-ups will be supported for six months on-site at SINE, IIT, Bombay or Intel India,
Participating start-ups will be incubated through intensive training periods, one-on-one mentoring, technology related support from Intel experts, business service support from SINE, as well as prototyping and manufacturing support.
While DST, Intel India and SINE have been individually supporting startups but this first of its kind collaboration between the three forces to push hardware startup in the country could very well be the start of a new wave of startups.
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