Honeywell has collaborated with the Basis for Science, Innovation and Improvement (FSID) and the Indian Institute of Science (IISc) for the most recent deep science analysis. For this, the corporate has prolonged analysis and monetary assist to 37 Indian start-ups. Honeywell has expanded a fund of 9 million lei within the final 4 years. With a deal with agri-tech, clear tech, well being and inexperienced expertise, Honeywell has funded eight start-ups and 5 Entrepreneurship in Residence (EIR) applications with Rs 2.four crore in FY23-24. Subsequent, the corporate plans to tackle 10 extra new start-ups within the present price range.
What’s deep tech and the way this funding helps startups. By this collaboration, Honeywell supplies seed funding and analysis assist to deep science start-ups. This expertise focuses on addressing environmental, agricultural and well being challenges.
The partnership not solely supplies them with seed capital but additionally entry to enhanced services, reference to trade stakeholders and authorities our bodies, a world community of excessive internet value people (HNIs), angels, enterprise capitalists (VCs), in addition to micro and small and small. medium enterprises (MSMEs) in India.
Examples of how funding helped In FY23-24, Honeywell and IISc collaborative advantages had been prolonged to healthcare/medical expertise corporations reminiscent of Papyrus Diagnostics Non-public Restricted, Akumen Synthetic Intelligence, Hoyasan Labs Pvt Ltd, Cellsion Applied sciences Pvt Ltd and Easescan MedTech Non-public Restricted; and agro-technological corporations reminiscent of Kaiza Tech and Inexperienced Collar Agritech; in addition to cleantech start-up Mushloop Pvt Ltd.
For instance, a start-up backed by Honeywell and IISc is 'AI Freeway', which gives cost-effective coronary heart illness screening techniques utilizing superior sign processing and AI capabilities that may display, detect and predict cardiorespiratory issues. This innovation has the potential to ease the burden on cardiologists and deal with the numerous scarcity of pros in India, estimated at over 84,000.
As well as, assist for OpenWater.in, a start-up offering wastewater remedy, used the grant to design and implement a 25000 liter/day system in Mavallipura, a village about 20 km north of Bengaluru metropolis. The groundwater high quality right here is extraordinarily poor as a result of strong waste from the landfill close to the village which has led to the contamination of the water sources. OpenWater has carried out an answer that treats contamination in groundwater.
Dfine Bio Improvements Pvt ltd is a Medtech start-up supported by a Honeywell grant. The beginning-up has developed a regionally constructed hemostasis system referred to as FibriTimer Zeta-1 (a primary from any Indian firm). Zeta-1 makes use of patented twin expertise and helps clinicians perceive defects in people for bleeding and thrombosis occasions. The Zeta 1 is designed for skilled use in medical laboratory settings. The product is ISO licensed and CDSCO accredited and is a life saving system. The worth of the product is considerably under the merchandise out there out there.
This 12 months's start-ups vary from eight to 10 and roughly Three-5 entrepreneurship applications in residence will likely be supported.
What’s deep tech and the way this funding helps startups. By this collaboration, Honeywell supplies seed funding and analysis assist to deep science start-ups. This expertise focuses on addressing environmental, agricultural and well being challenges.
The partnership not solely supplies them with seed capital but additionally entry to enhanced services, reference to trade stakeholders and authorities our bodies, a world community of excessive internet value people (HNIs), angels, enterprise capitalists (VCs), in addition to micro and small and small. medium enterprises (MSMEs) in India.
Examples of how funding helped In FY23-24, Honeywell and IISc collaborative advantages had been prolonged to healthcare/medical expertise corporations reminiscent of Papyrus Diagnostics Non-public Restricted, Akumen Synthetic Intelligence, Hoyasan Labs Pvt Ltd, Cellsion Applied sciences Pvt Ltd and Easescan MedTech Non-public Restricted; and agro-technological corporations reminiscent of Kaiza Tech and Inexperienced Collar Agritech; in addition to cleantech start-up Mushloop Pvt Ltd.
For instance, a start-up backed by Honeywell and IISc is 'AI Freeway', which gives cost-effective coronary heart illness screening techniques utilizing superior sign processing and AI capabilities that may display, detect and predict cardiorespiratory issues. This innovation has the potential to ease the burden on cardiologists and deal with the numerous scarcity of pros in India, estimated at over 84,000.
As well as, assist for OpenWater.in, a start-up offering wastewater remedy, used the grant to design and implement a 25000 liter/day system in Mavallipura, a village about 20 km north of Bengaluru metropolis. The groundwater high quality right here is extraordinarily poor as a result of strong waste from the landfill close to the village which has led to the contamination of the water sources. OpenWater has carried out an answer that treats contamination in groundwater.
Dfine Bio Improvements Pvt ltd is a Medtech start-up supported by a Honeywell grant. The beginning-up has developed a regionally constructed hemostasis system referred to as FibriTimer Zeta-1 (a primary from any Indian firm). Zeta-1 makes use of patented twin expertise and helps clinicians perceive defects in people for bleeding and thrombosis occasions. The Zeta 1 is designed for skilled use in medical laboratory settings. The product is ISO licensed and CDSCO accredited and is a life saving system. The worth of the product is considerably under the merchandise out there out there.
Broaden
This 12 months's start-ups vary from eight to 10 and roughly Three-5 entrepreneurship applications in residence will likely be supported.