Value proposition

Spearheading India's leading Deep Tech hub: 406 startups, $6B+ valuation, and 10K+ jobs created

Today, #IITMadras is one of India’s leading Technology Startup hubs with #innovation & impact as key differentiators/drivers. Spearheaded by its nodal incubator, IITM is empowering entrepreneurs to address national challenges through successful, self-sustaining companies.

As the nodal incubator, #IITMIC links & synergizes sector-specific incubators (Rural Technology and Business Incubator, Bio- & MedTech incubators), student pre-venture initiatives and translational research at IITM.

IITMIC provides ‘concept to scale-up’ support to technology & knowledge-based startups through a holistic ecosystem with access to:
• World-class R&D infra at IITM: unmatched support for translating innovative concepts into viable products
• Workspace with infra suited to both hardware & software Cos. & access to domain experts from industry co-located in IITM Research Park
• Business support services (accounting, company secretary, legal and IP), training & networking
• Seed & early stage funding (Startup Fund comprising industry /Alumni donations & Grants from Govt of India) & connection to angel investors/ VCs
• Mentoring in tech/design & market entry by eminent experts from IITM Faculty, Alumni and Industry heads

Our Work in Numbers
Deep tech Startups incubated till date: 406
• Founders: students, faculty & alumni from pan IIT (40%); external entrepreneurs (60%)
• Sectors: manufacturing, robotics, auto, renewables/energy, water, Agri-tech, IoT, deep tech, Edu-tech, Biotech, medical devices, etc.
• Total investment raised - Rs 12k crore from angel investors/VCs
• Valuation (based on last investment raised): Rs 50000 Crore (US$ 6B)
• 176 generate cumulative revenue of Rs 3600 crore ($2440M) in FY2022-23
• Direct Jobs created: 10000+


Technology Business Incubator, Entrepreneurship, Tech Startups, Deep Tech, Mentorship, Startup Funding, translational research, Industry network, Skill development, Legal and compliance, Investment, Manufacturing startups, central workshop, acceleration, hardware startups, robotics, Energy, Renewables, Agritech, Edutech, Biotechnology startups, MedTech, Brainstorming workshops, Social ventures, rural ventures, Structural Inspection, AI, Machine Learning, Industrial services, Startup India, IIT Alumni connect, Robotics, smart materials, IoT, Machine Learning, Edtech, Heathtech, and Electric Vehicles