IAMAI  launches incubator programme -'IoT.IN' for IOT-based startups

IAMAI launches incubator programme -'IoT.IN' for IOT-based startups

Posted by M.Venkatesh on October 17th 2017

The Internet and Mobile Association of India (IAMAI) has launched a landmark initiative to bring together Internet of Things (IoT)start-up entrepreneurs so that they can enhance their true potential.

Called the Iot.IN, it  is a unique initiative and will invite nominations especially from IoT startups primarily based in Delhi-NCR, Bangalore and Mumbai and also other states. 
It will provide mentorship, investment and partnership opportunities to the select startups. The focus of this initiative is to encourage young aspiring entrepreneurs to create innovative and disruptive solutions around the IoT, which will eventually align the government’s Smart India initiative with the vision of Digital India.
For this IAMAI has teamed up with Mobile10X and Napino Auto & Electronics Limited for the venture. In the past two years, Napino has invested Rs 30 crore in technology companies at different stages of business cycles. In the next two years, it will invest Rs 60 crore and focus on next-generation tech companies in IoT, Blockchain, Big Data and Artificial Intelligence.
Jitender Minhas, CEO of IAMAI Startup Foundation’s Mobile 10X programme, said: “The Mobile10X program has been striving relentlessly to provide a robust support system for app developers and young startups. I believe this joint effort will be a perfect complement and give a fillip to nurture dynamic startups. With many more such initiatives, we will see great products emerging from such programmes.”
They plan to pump more investment in 2017 to upscale  IoT-based startup ecosystem in India. As a part of the program, startups will be provided technical, marketing and leadership skills along with financial support to build applications and businesses. They will also network with industry leaders, thought leaders, VCs, ecosystem evangelists and funders.
Start-ups who wish to be part of this program, can register online by clicking https://goo.gl/forms/An9F9L6TUdyE3AaW2


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