- Initiative part of INDUS-X innovation bridge aimed at linking Indian and United States defence ecosystems.
- Accelerator focuses on equipping defence startups to expand and navigate to the US defence markets.
- Collaboration between iTIC Incubator and H4XLabs to provide tailored go-to-market strategies and access to investors and defence stakeholders.
INDUS-X (India-U.S. Defense Acceleration Ecosystem) is an initiative to build a defence innovation bridge by Innovations for Defence Excellence (iDEX), the Ministry of Defence, and the US Department of Defence (DoD). A collaboration agenda under INDUS-X includes an accelerator program for defence start-ups to be steered by iTIC Incubator at IIT Hyderabad and H4XLabs. Acting over the same, a workshop was organised by iTIC and H4X to initiate the INDO-US CrossLinX accelerator program.
The CrossLinX accelerator would prepare Indian defence startups to expand to the US markets. Once the startups are ready, they would embark on a trip to the US for 7-10 days to engage with government officials, investors, defence contractors, and stakeholders. At the program’s culmination, startups would showcase their products as part of Demo Day in India.
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| Team iTIC-IITH & H4X Labs during INDUS-X Accelerator launch event at Hyderabad |
Conveying his best wishes for the success of the Accelerator, Prof B S Murty, Director, IITH, “We are confident about the blooming strategic cooperation between India and the US through various initiatives like iCET and INDUS-X and assure the support of IITH to such initiatives.”
At the launch event, Prof Suryakumar S, Dean ITS, IITH, said, “The Joint Accelerator Program is a testament to the collaborative spirit of INDUS-X and we hope that it will galvanise the Indian startups for a global presence”.
Capt. Roy Joseph talked about INDUS-X and the opportunities for startups under the Indo-US collaboration agenda. He also gave an overview of iDEX.
About iTIC Incubator at IIT Hyderabad:
iTIC is a Technology Business Incubator (TBI) under the aegis of Indian Institute of Technology Hyderabad (IITH) and supported by the Department of Science and Technology (DST), Government of India. iTIC is a Not-For-Profit Society that focuses on creating a supportive and nourishing environment for budding entrepreneurs in the field of technology. The focus areas of iTIC incubator are deep tech sectors such as Healthcare, AI/ML, Quantum Computing, AR/VR, Cybersecurity, Robotics, IOT, Industry 4.0, Blockchain, Electronics, Advanced materials, Drones, Biotechnology, etc. iTIC aims to help entrepreneurs leverage a premier quality research and startup ecosystem with the goal of building a comprehensive platform to practice innovation and entrepreneurship so that these entrepreneurial ideas can be turned into sustainable, scalable, profit-making business ventures. iTIC provides support to startups such as Mentoring, Financial Aid, IP Support, Networking, and access to Dedicated office/ Coworking space, Software, IITH Technological Infrastructure, and Makerlab. Since its inception in 2015, iTIC has supported 130+ startups through Pre-incubation, Incubation, and Acceleration programs and has directly sanctioned more than INR 8 crores to startups. So far, the iTIC startups have generated over INR 1200 crores of revenues and created 1000+ jobs.
To know more, please visit https://itic.iith.ac.in
Indian Institute of Technology Hyderabad (IITH) is one of the eight IITs established by the Government of India in 2008. In a short span of 15 years, the institute has become one of the top-ranked institutions in the country and has received global recognition. It has 300+ full-time faculty, ~4,800 students, 18 Departments + 1 Centre for Interdisciplinary Programs, nearly 500+ state-of-the-art Research Facilities, and five research and entrepreneurship centres. The institute has a strong research focus with approx. Rs 900+ crores of sanctioned research funding, with PG+PhD students accounting for about 60% of total student strength. IITH has more than 9200+ research publications with 1,35,000+ Citations, 190+ Published Patents, 2,200+ sponsored/consultancy projects with 500+ running projects, and about 135+ startups that have generated 1000+ jobs and a revenue of Rs. 1200+ Cr. Follow us on Instagram, LinkedIn, Twitter, Facebook, Koo, and YouTube for the latest updates.
