In a significant boost to India's startup landscape, IIM Kashipur’s Foundation for Innovation and Entrepreneurship Development (FIED) has allocated INR 5 crore to 23 startups under the Startup India Seed Fund Scheme (SISFS), an initiative by the Department for Promotion of Industry and Internal Trade (DPIIT).
The funding aims to accelerate innovation and growth in sectors including artificial intelligence (AI), fintech, healthcare, education technology (ed-tech), clean energy, and food processing.
List of Startups and Funding Allocations
The following startups received funding through this initiative:
- IKAYU Foodlabs – INR 50 Lakhs (food processing innovations)
- Silverhook Innovations – INR 25 Lakhs (education technology)
- D'Carbonising Center India – INR 20 Lakhs (clean tech solutions)
- Learning Buddy – INR 20 Lakhs (ed-tech developments)
- Navdurga Agri Implements – INR 20 Lakhs (agriculture innovation)
- Witness The Fitness – INR 30 Lakhs (health and wellness)
- Vigorus HealthTech – INR 50 Lakhs (healthcare IT)
- Upnetra Care – INR 50 Lakhs (healthcare)
- Studiovity – INR 50 Lakhs (collaboration platforms)
- Gravid Mother and Baby – INR 20 Lakhs (wellness solutions)
- Greenext Materials Energy – INR 20 Lakhs (renewable energy)
- D Square Ventures – INR 30 Lakhs (artificial intelligence projects)
- Awigi LLP – INR 10 Lakhs (healthcare solutions)
- Svara Resource Aid Tech Management & Operations – INR 6 Lakhs (waste management)
- Qmamu Technologies – INR 10 Lakhs (IT services)
- Bivestors – INR 10 Lakhs (fintech innovations)
- Settlezy ADR Institute – INR 10 Lakhs (commercial services)
- Doodlingo EdTech – INR 6 Lakhs (education technology)
- Bandiz Technoz – INR 6 Lakhs (education technology)
- Testamatic Labs – INR 15 Lakhs (IT solutions)
Driving Growth and Innovation
IIM Kashipur FIED has played a pivotal role in providing mentorship, resources, and funding to startups that show promise in disrupting their respective industries. The organization’s continued efforts under SISFS help entrepreneurs access early-stage capital, scale their ventures, and contribute to India’s economic and technological progress.
According to Vishal Gupta, Program Director at IIM Kashipur FIED:
"We aim to empower startups with not just funding, but also mentorship and networking opportunities to ensure their long-term success."
Our Opinion on the News
This initiative reflects India's increasing commitment to fostering innovation-driven startups. By offering early-stage capital, IIM Kashipur FIED ensures that new-age entrepreneurs receive crucial support to scale their ideas into successful businesses. Such programs help position India as a global leader in AI, fintech, healthcare, and sustainability-focused innovations.
As investor interest in deep-tech, AI, and sustainable businesses grows, initiatives like these provide a strong foundation for India's next generation of unicorns.