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Pune based MIT launches accelerator for edu-tech startups


Pune-based Maharashtra Institute of Technology (MIT) has launched an accelerator called Eduglid for education technology startups, reports Business Standard. Eduglid will provide the startups seed funding of up to Rs 15 lakh in return for a minor stake of less than 10%, mentorship and guidance, connecting to VCs, business management, customer acquisition, and marketing.

The accelerator has tied up with Cisco for mentorship and networking access. Eduglid plans on conducting two batches every year in which each startup will undergo a four-month acceleration process along with training, mentorship and testing processes at its Pune facility. It already claims to have received 300 applications from startups in the education sector from across India, and has selected four under its training platform.

Other vertical focused accelerators/funds/incubators

-Last month, HCL Technologies entered into a partnership with Microsoft to launch an incubation centre for Internet of Things in Redmond. The incubator will focus on solutions for machine-to-machine (M2M) communication, like healthcare, fleet management, industrial manufacturing and life sciences.

-In December 2015, Flexeye launched HyperCat, an accelerator and incubator centre for Internet of Things (IoT) startups in Hyderabad. The centre, which provide startups with access to technology, skills and funding opportunities, will also offer a Smart City course through a partnership with the University of Surrey.

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-In the same month, China-based mobile internet firm APUS Group launched a fund in India worth Rs 300 crore to invest in startups,. The fund will focus on investing in early stage startups working on mobile internet projects.

-In November 2015 French aircraft maker Airbus setup Airbus BizLab— an aerospace startup accelerator, in Bangalore. The accelerator is open to startups in areas like digitization, data processing, communication networks and robotics.

– In August 2015, Intel India launched ‘Intel India Maker Lab’— a platform for entrepreneurs and innovators to ‘accelerate product innovation’ in Internet of Things (IoT), mobile devices and compute domains.

– In May 2015, HT Media launched an accelerator program called MediaHack in partnership with media investment firm North Base Media (NBM), specifically for early-stage startups in the media entertainment and content segment. The company would provide an investment of $50,000 to $100,000 in selected startups for a minority stake.

-In February last year, Rajesh Sawhney’s GSF Accelerator in collaboration with networking giant Cisco said it would launch an accelerator programme for startups in the Internet of Things and cloud space.


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