Bring Your Ideas to Life! Launch your startup at Amrita TBI PitchFest 2018

Do you have a great innovative idea or product and are looking for funding?

It’s time to gear up with your applications for the 6th edition of Amrita TBI Pitchfest– a platform for startups to showcase their ideas, qualify to receive a total seed investment up to USD 200,000 and get incubation space at Amrita TBI.

Amrita TBI Pitchfest, one of the most popular startup events in India provides an unprecedented opportunity for startups and aspiring entrepreneurs to qualify for Seed funding.

The past editions of Amrita TBI Pitchfest received a massive support from startups, investors, partners, experts, and enthusiasts. Amrita TBI Pitchfest 2017 was inaugurated by Chief Guest Dr. N Manjula IAS, Director ITBT & Tourism- Govt of Karnataka in the presence of Shri. Hemal Patel – Senior Vice President -Sophos, Shri. Chinnu Senthil Kumar – Exfinity Ventures, Br. Dhanraj – Director – Amrita Vishwa Vidyapeetham, Bangalore Campus, and Dr. Krishnashree Achuthan – CEO, Amrita TBI.

The mega event was addressed by Shri Amitabh Kant, CEO, NITI Aayog, Government of India through video conference.

“Amrita TBI is the rarest of the rare among the various startup incubators in India” said Shri Amitabh Kant. CEO, NITI Aayog, Government of India.

Pitchfest, a unique initiative by Amrita TBI is supported by Govt. of India and Amrita Vishwa Vidyapeetham, to find the most promising startups in India. In 2017, Amrita TBI won the National Award for the Best Technology Business Incubator in India that was conferred by the President of India.

Total seed investment outlay up to USD 200,000.
Apply now: pitchfest.amritatbi.com
Venue: Bengaluru

Bring Ideas to Life!

Amrita TBI Pitchfest event will be held over two days at the Bangalore campus of Amrita Vishwa Vidyapeetham. On Day-1, the top 30 selected startups will go through a half-day mentorship program followed by a selection of the top startups. On Day-2, the top startups will pitch in front of an elite panel of investors and C-level executives:

The format of Amrita TBI Pitchfest will comprise of two parts for a total of 20 minutes:

1. A 10-minute time slot for pitching your idea.
2. A 10-minute time slot for questions by the panel.

Qualified startups will be selected for the Amrita TBI Accelerator program and Amrita TBI NIDHI Entrepreneur-in-Residence program. Startups will be informed separately if they qualify for above-mentioned programs
Top three contenders will be announced and will qualify for a total seed investment of USD 200,000 by Amrita TBI.

Build your startup!

Amrita TBI will complete the required due-diligence on the finalists and provide seed investments for qualified startups. Amrita TBI will provide infrastructure and incubation services at low cost across three cities- Bengaluru, Coimbatore, and Kollam. The startups can also opt to be a virtual incubatee and can operate from anywhere in India.

All non-finalists have the opportunity to avail best services including Co-working spaces, Legal support, Multi-disciplinary labs etc. from Amrita TBI

Amrita TBI (www.amritatbi.com) is a non-profit startup incubator supported by DST, Govt. of India and Amrita Vishwa Vidyapeetham. Amrita TBI funds, mentors and nurtures ideas, startups and entrepreneurs. The startup incubator has supported 76 startups, mentored 216 startup ideas and has had 0% loss from its investments.

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Be passionate, you will find solutions

The first edition of Amrita TBI startup hub aimed at building a strong entrepreneurial framework was conducted at the largest urban agglomeration at Amrita Vishwa Vidyapeetham’s, Kochi Campus. It gathered momentum as a networking event on 23 Sep 2017 when the chief guest of the event Shri Kochouseph Chittilappilly, Founder, Chairman, and CEO of V-Guard Industries delivered the keynote address. The versatile event brought together a diverse group of experts with similar ideologies and also included budding entrepreneurs and students.

He kickstarted with a negative connotation of being an entrepreneur, “You will be thrashed down if you fail.” But he continued,

” If you have an intense passion to work on your idea, it will bear the fruits of success and you will find a solution if you are passionate about your idea.”

The startup event proved to be a platform to get first-hand information from successful business owners and startups to take their idea to the next level. “When I started my business it was slow but there was a steady increase in it.If I had to expand my business I had to improve myself. I am a technical person but acquired skills required to grow a business”, added Chittilappilly.

He also put forth the roadblocks he encountered while marketing his product.In his case, he advertised his product in newspapers only after a period of 5 years of its establishment. In response to a startup about the success of his product, he emphasized on customer satisfaction, adherence to quality, and pricing as the reason behind the triumph. ”

The event is powered by Amrita TBI and NITI-Aayog. Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham (Deemed to b University) which fund, mentor and nurture ideas, startups, and entrepreneurs. In 2017, Amrita TBI received the National Award for being the Best Technology Business Incubator in the country.

 

IOT-the next wave of computing

The first edition of startup hub brought together startup enthusiasts, entrepreneurs, idea seekers, venture capitalists and angel investors on a common platform. Shri Prabhjot Bakshi – Director of Get wings and Microsoft Regional Director in Ahmedabad, India was the technical speaker of the day. Here are the excerpts from his talk on IoT & cognitive Services.

He mentioned that the benefits stand out only when IOT and cloud combine together. Hadoop and big data are getting a lot of attention. Mobile and wifi offer a lot of data and they are the ways to sell these data. Collection of these data will help in doing predictive analytics.

”Certain apps use GPS data to collect more information about the user. This leads to the need of a larger cloud infrastructure. Lots of cloud platforms are available today. Microsoft Azure stands out as the most powerful cloud platforms among these as it enables to store a huge amount of data. Microsoft Azure is 2.5 times bigger than Amazon and 7.5 times bigger than Google. Any technology can be adopted in Azure”, Bakshi added.”

The talk was followed by a Q&A session.

National Award for Being the Best Startup Incubator in India

Amrita Technology Business Incubator Wins National Award for Being the Best

The ‘National Award for Technology Business Incubator’ from the Department of Science and Technology, Government of India, was given by the President Sh. Pranab Mukherjee on 19th National Technology Day in New Delhi

Amrita Vishwa Vidyapeetham’s (Deemed to be University) Technology Business Incubator (TBI) has won the National Award for being the best Technology Business Incubator in India from the Dept. of Science and Technology, Government of India.

The President of India, Sh. Pranab Mukherjee, presented the national awards for excellence in technology at a ceremony in Delhi to mark the 19th National Technology Day. Krishnashree Achuthan, CEO, and Snehal Shetty, COO, of Amrita Vishwa Vidyapeetham’s TBI received the award.

Said Krishnashree Achuthan, CEO, Amrita Vishwa Vidyapeetham’s Technology Business Incubator (TBI): “It is an honour and privilege to receive the National Award for excellence from the Hon’ble President of India. The Technology Business Incubator of Amrita Vishwa Vidyapeetham was established in 2008. Being judged No. 1 in India in a short span of 8 years is a testimony to the tradition of all-round excellence at Amrita Vishwa Vidyapeetham. Till now, we have incubated more than 75 startups and mentored 216 startup ideas, with 0% loss from investments.”

Amrita Vishwa Vidyapeetham’s TBI, a joint venture with Dept. of Science & Technology, Govt. of India, focuses on incubating startups in the areas of Information Technology, Cyber-Security, Networking and Social Media, among others. It recently established a startup hub to build the next wave of cyber security startups in the country.

Amrita Vishwa Vidyapeetham’s TBI is one of the only six incubators selected to be made world-class under NITI Aayog’s Atal Innovation Mission (AIM). According to NITI Aayog CEO Amitabh Kant, the objective is to transform the startup ecosystem in India by providing financial scale-up support to these six “rarest of the rare” incubators and upgrade them to global standards. Each of these will receive $1.4 Mn (INR 10 crore) over a span of two years to provide state-of-the-art facilities to the incubated startups.

Amrita Vishwa Vidyapeetham’s TBI is supported by the Government of India and recognized under the Startup India program.

http://bwdisrupt.businessworld.in/article/Amrita-University-s-Technology-Business-Incubator-Wins-National-Award-for-Being-the-Best/13-05-2017-118122/