A tech startup incubated at Indian Institute of Technology (IIT) Hyderabad won Rs. 25 lakhs in funding at ‘Open Innovation Challenge 2019’.
A tech startup incubated at Indian Institute of Technology (IIT) Hyderabad won Rs. 25 lakhs in funding at ‘Open Innovation Challenge 2019’ of India Innovation Growth Programme (IIGP) 2.0. The start-up named BeAble was coined by students from the first batch of Healthcare Entrepreneurship at Centre for Healthcare Entrepreneurship (CfHE) – IIT Hyderabad. The start-up intends to rehabilitate stroke patients through the usage of good technology and design.
More than 1600 applications were received for IIGP 2.0 Open Innovation Challenge 2019. BeAble received a seed grant of Rs 25 lakhs for its market penetration and scale-up operations, a statement from Hyderabad stated. The IIGP 2.0 is a three-party initiative of American global defense manufacturer Lockheed Martin, Government of India, Department of Science and Technology (DST) and Tata Trusts.
Prof. Renu John, Co-Head of CfHE and Head, Department of Biomedical Engineering, IIT Hyderabad while congratulating BeAble said, “The Center for Healthcare Entrepreneurship (CfHE), IIT Hyderabad, is focused entirely on boosting healthcare innovation in India. BeAble is one such example of an innovative start-up coming out from the CfHE and we are sure they will make a positive impact on Indian healthcare sector. IIT Hyderabad looks forward to incubating many more successful start-ups through CfHE.”