SAMRIDHI: Igniting the Deep-Tech revolution

#SAMRIDHI 3.0 InnoQuest

Strategic Acceleration for Market, Research, Innovation &
Development’: a Holistic Initiative for ICPS Startups

SAMRIDHI 3.0 : 24 Feb 2024

Impact of SAMRIDHI Conclave (1.0 and 2.0)

Days

Startup Pitches

MoU Inked

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Delegates

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Partners

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Stakeholders

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Participants

IGNITING THE DEEP TECH REVOLUTION

Technology Validation and Due Diligence

Support from Prototype to product launch

Partnership, Collaboration and Connects

Testbed and support in joint technology Development

Deployment of Market ready products

Support in exploring Global Market

Customized Training & Mentoring

Investment and financial support for Startups

Support in Tech commercialization

Technology enhancement for pre launched Products

Benefits For Startups

Mentoring Support

Technology Development

Corporate & Govt. Network

Extended Team

Lab Infrastructure & R&D Support

0 Lakhs

Grant / Equity per Startup

iHub - AWaDH

IIT Ropar – Technology and Innovation Foundation is a Section – 8 company founded to support the initiatives of the established Technology Innovation Hub – AWaDH (Agriculture and Water Technology Development Hub) at the Indian Institute of Technology Ropar in the framework of National Mission on Interdisciplinary Cyber-Physical Systems (NM – ICPS) by the Department of Science and Technology, Government of India. The TIF supports deep tech R&D-driven startups and research community members, in the domain of Agriculture and Water and provides incubation and acceleration support to technology and innovation-based ideas and products towards sustainable agriculture, and the environment, by leveraging IoT, AI, and ICPS.

About the Event

SAMRIDHI 3.0 – InnoQuest, coinciding with IIT Ropar’s Foundation day, embodies a visionary celebration of innovation and entrepreneurship. This edition will prominently feature the technological prowess of AWaDH and its startup portfolio, creating a platform for new ideas and serving as a facilitative platform for the seamless integration of Cyber-Physical Systems (CPS) technology within the agritech ecosystem. SAMRIDHI 3.0 aims to catalyse Innovation and Entrepreneurship by recognizing and honouring startups through Innovation and Technology Awards across various categories including Agriculture Automation and Information Systems, Internet of Things (IoT) and Cyber Physical Systems (CPS), Water Treatment and Management, Stubble Management Systems & Urban Farming, Nuclear Applications in Agriculture and Water, and lastly, Water and Soil Assessment Process.

This event will have ideathons for Students, Innovators, Researchers and Entrepreneurs to showcase Ideas, Proof of Concepts, and Prototypes:

Timeline (SAMRIDHI 3.0)

February

Application Start Date

February

Registration Closes

February

Shortlisting Declaration

February

Event

Problem Statement Under SAMRIDHI 3.0

Note: These terms are just for the overview, if you meet any of the criteria, do apply for the program.

Selection Procedure - SAMRIDHI

Application

AWaDH team will invite applications and entries from startups and entrepreneurs through rolling basis or by open innovation challenges.

Screening

The Metrics based screening will be done by internal committee. Startups with prior technology, innovation, IP and Patents shall be prioritized.

Internal Pitch

Participants have to go through internal pitch evaluation session in front of the internal Incubator Seed Management Committee (ISMC)

Demo Day

The startups selected in R3 will have to pitch Infront of the external expert committee consist of Investors, VC Firms and External ISMC.

Funding

Startups recommended by Incubator Seed Management Committee and Demo Day panel will be funded through Grant, Equity or loan of upto 50L.

Investment Opportunity

We also invite your support in terms of potential investment opportunities in the showcased startups. We also extend an invitation for your support regarding potential investment opportunities in the showcased startups. We are pleased to mention that we are open to exploring joint investment prospects

Jury Member / Panel Member

We would like your support as a jury member to finalise the startups, and help us to decide on the quantum of funds that may be invested in them.

Collaborative Opportunities

Discussion / MoU / SoI to support and enable deep-tech-focused startups and to launch initiatives at SAMRIDHI.

Tech Storm Exhibition

a total of 50 startups will showcase their technologies & products. This will be an excellent opportunity for you to engage with the startups on a one-to-one basis and explore their innovations firsthand. Also, recommend your startup to apply for the Exhibition

Potential Investment Opportunities

We are open to exploring joint investment prospects in startups that align with your vision, investment thesis and show promising potential. Investment models can be discussed together if you identify any startups during the pitching sessions that capture your interest.

Support in Outreach / Networking

To share in your wide network, communities, social media and recommendations for startups to Pitch / Exhibit.

Let’s collaborate and explore mutually beneficial investment avenues to drive the success of these startups and foster innovation in the industry. For the benefits of the deep-tech R&D focus startups, we have put together a corpus of 4 Cr INR fund to support 12 final shortlisted startups, with a cap of 50 Lakh max, depending on various factors, including requirement, stage, patent, product, revenue, market, team etc during the Conclave.