3 Kerala startups bag seed funding of up to Rs 25 lakh each in IIGP

New Delhi, Aug 11 (KNN) In the India Innovation Growth Program (IIGP) 2.0, three startups mentored by Kerala Startup Mission bagged seed funding of up to Rs 25 lakh each.

The IIGP 2018 was a combined initiative of Department of Science and Technology (DST), Lockheed Martin and Tata trust which will enable these startups to scale up their operations and accelerate market penetration.

The Kerala-based startups - Genrobotic Innovations, Irov Technologies and Sastra Robotics were among the 16 winners, who will also get an opportunity to undergo an incubation process along with mentoring support.

This program aims to support the Centre’s missions of ‘Start-up India’ and ‘Make in India’. It provides an innovation ecosystem to enable innovators and entrepreneurs to develop technology-based solutions.

The selected innovators were given an opportunity to attend a boot camp conducted by IIM-Ahmedabad, after which 16 were picked.

These winner startups will now get an opportunity to test their products in the market with the help of leading scientists, technology experts, entrepreneurs and investors partnered with the program.

Genrobotic Innovations Pvt Ltd, which provides robotic solutions for sewer cleaning and other manual works, was founded by Arun George, Nikhil N P, Rashid Bin Abdulla and Vimal Govind M K in 2015.

Irov Technologies Pvt Ltd uses its underwater drone EyeROV to inspect critical underwater infrastructures. 

Kochi-based Sastra Robotics India Pvt Ltd is a startup founded by Aronin P in 2012, whose product SR-Dimenzio helps perform human-arm actions for high-risk tasks requiring precision.