AISEA (AFI i-TIC Foundation Social Entrepreneurship Accelerator) is set up jointly by AFI and i-TIC Foundation of IIT Hyderabad and is Sponsored by the Department of Science and Technology, Government of India.
i-TIC Foundation is the Technology Business Incubator (TBI) at IIT Hyderabad. The focus is on creating a supportive and nourishing environment for entrepreneurs with deep-tech thrust areas like Artificial Intelligence, Aerospace, Telecommunication, Digital Manufacturing, Chip Design, Sensors, and Bio-Medical to name a few. Currently, there are more than 35 startups with diverse technologies that are part of i-TIC. Some of the incubated startup companies are SKIoT (IoT), Acausal (Robotics), SenseHealth (Bio-Medical), Osure (Healthcare) and Skelregen (Bio Material). i-TIC provides the necessary facilities to these startup companies, along with guidance and mentoring by the faculty members of IITH and experts from the industry, to develop a robust ecosystem for entrepreneurship.
Action For India’s mission is to help social entrepreneurs in India overcome barriers to scale and achieve greater impact at the Bottom of the Pyramid. AFI connects social entrepreneurs with impact investors, mentors, technology resources, government contacts and local partners. Launched in 2012, AFI is headquartered in New Delhi, India and has a chapter in Silicon Valley, California.
Our 1st Cohort focused on the Social Entrepreneurship space through startups in 3 domains: Health-Tech, Agri-Tech & Edu-Tech. We saw some great entrepreneurs meeting encouraging and wise mentors & coaches who helped them refine their startups to reach even greater heights.
With Healthcare being the need of the hour, going forward we will be focusing particularly on startups in the field of health with a technological edge to their solutions. Right from Pharma and Bio-Tech to Diagnostics to Wellness, we’re looking at health in focus. With a strong research background here at IIT Hyderabad, we believe it will allow startups to connect with not just business specialists but scientists within the field possibly enabling use of cutting edge technology in the field as well.