GDC

TDK India Incubation Center (TIIC)
Accelerator Program 2024

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TDK India Incubation Center (TIIC)
Accelerator Program 2024
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TDK India Incubation Center (TIIC)
Accelerator Program 2024
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TDK India Incubation Center (TIIC)
Accelerator Program 2024
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Announcements

TIIC Accelerator Program Open House on July 13th, 2024: from 4:00 p.m. to 5:30 p.m. :

About the Program

The TIIC Accelerator Program 2024 is an initiative by TDK Corporation (TDK) in partnership with the Gopalakrishnan-Deshpande Centre for Innovation and Entrepreneurship (GDC), IIT Madras to identify and nurture the most promising Health Technology innovations and startups in India.

TDK Corporation is a world leader in electronic components and solutions, and is headquartered in Tokyo, Japan. GDC is a center for Innovation and Entrepreneurship at IIT Madras, India’s leading engineering and technology institution.

TIIC Accelerator Program 2024, which aims to catalyze deep-tech innovations from universities, research labs, and entrepreneurs across India, reflects TDK Corporation’s deep commitment to fostering and amplifying the talents of Indian researchers and startups in shaping the future of health technologies.

TDK and GDC invite researchers from Indian STEM universities (who have decided to establish a startup) and early-stage startups from anywhere in India developing Health Technologies and Diagnostics solutions to participate in the TIIC Accelerator Program 2024.

The Program aims to transform highly promising innovations and early-stage startups (in the TRL 3 to TRL 4 stage of development) into investment-ready ventures by providing entrepreneurship training, technological support, business mentorship, and opportunities for partnership and investment.

Who should apply?

The following entities are encouraged to apply to the Program:

Early-stage startups from anywhere in India developing innovations in the Health Technologies and Diagnostics domains:

  • Applicant projects/ startups should be at the TRL 3 or TRL 4 stage of evolution, with a prototype or acceptable Proof-Of-Technology (in vitro/ in vivo/ex vivo studies, simulations, etc.), and seeking to evolve their Go-To-Market strategies.
  • Applicant Teams/Startups may either be bootstrapped (own funding) or have received grants but should NOT have received any external commercial funding (equity or debt).
  • An applicant team/startup must have at least two entrepreneurs (founders) and one technical expert (who could be a university faculty/scientist/principal investigator/qualified practicing doctor.)
  • The applicant team/startup should have a valid registered IP or be capable of and intent on creating an IPR around their innovation.
  • The applicant team/startup should be able to explain how it would benefit from collaborating with a leading technology firm, including business relationships and/or investments.
  • The applicant team/startup should commit to undergoing intensive entrepreneurship training and a business mentorship program of 8-9 months.

Researchers from Indian STEM universities who have decided to establish a startup in the Health Technologies and Diagnostics domains are encouraged to apply. The team should comprise members committed to becoming entrepreneurs and commercializing their research. It is not mandatory to have incorporated your startup at the time of application.

Sectors

The applicant teams/startups should be operating in one of the following business segments under the Health Technologies and Diagnostic domains:
TDK
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Diagnostic labs/services
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Consumables
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Neuroelectronic interfaces
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Equipment related services
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Wearables
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Analytics solutions
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Advanced Materials and Devices for Diagnostic, Imaging, Therapeutics, Sensing, Recording, and Surgery (excluding implants)
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Technologies underlying the above - Sensors, IoT, 5G, 3D printing, AI/ML, Advanced Materials, Generative AI, Telemedicine, Robotics, AR/VR, etc.

What benefits can you expect by participating in TIIC Accelerator Program 2024?

How to apply

1.Registration

Click the registration link and complete your registration.

2.Access to the Application Form

Upon registration, you will receive access to the ‘Application Form’, where you can provide us with the necessary information about your project/business idea. Fill out the Application Form with all the required details. Our team will review your submission.

3.Interview

If you meet our selection criteria, our selection committee will invite you for an interview.

4.Acceleration Journey

Following selection, we will extend an offer and plan the initial steps of your acceleration journey.

Interested in participating?

Your first step to applying for our Accelerator program starts here with the registration form.

Program Details

Program Details

Program dates:

Eight months starting August 2024 and completion in March 2025.

Program mode:

Hybrid. Some initial sessions will be held in person at IIT Madras, while the remaining sessions will be primarily conducted online. The final presentations with the selected teams will be in person.

Two Phases:

The program will be cohort-based, with two distinct phases addressing different aspects of startup development.

Financial support:

After Phase 1, select teams/startups may be eligible for an award of up to $5,000 (USD 5,000 only) from TDK. Further, promising teams/startups could expect an additional grant from TDK for Phase 2 of the program.

Mentorship/Coaching:

In addition to structured sessions by expert instructors, experienced business mentors will provide one-on-one input to the teams/startups during the program.

Expectations from Selected Teams/Startup Applicants

All team members will commit to devote the requisite time to the program.

Phase 1

Phase 1 will require about 50% of your time (on a continuous basis) during the 8 weeks from September 2024 to November 2024.

Phase 2

Phase 2 will involve approx. 35% of your time (every week) during the 2 months from early-Dec 2024 to mid- February 2025.

Frequently Asked Questions

The TIIC Accelerator Program 2024 is an initiative by TDK Corporation (TDK) in partnership with the Gopalakrishnan-Deshpande Centre for Innovation and Entrepreneurship (GDC), IIT Madras, to identify and nurture the most promising Health Technology innovations and startups in India.
Researchers from Indian STEM universities (who have decided to establish a startup) and early-stage startups from across India developing Health Technologies and Diagnostics solutions are eligible to participate in the TIIC Accelerator Program 2024.
The program spans eight months, starting from mid-August 2024 and concluding in March 2025. It operates in a hybrid mode, with initial in-person sessions at IIT Madras. The program will be cohort-based, with two distinct phases addressing different aspects of startup development.
  • Phase 1: Phase 1 will be an 8-week boot camp for about ten (10) startups/Project teams (mid-Sept to mid-Nov), from which a few will be selected for Phase 2.
  • Phase 2: Phase 2 will focus on Business Mentoring for selected startups to help them fine-tune their Business Models and Go-to-Market strategies (mid-Dec 2024 to end-Feb 2025.).
  • Financial support: After Phase 1, select teams/startups may be eligible for an award of up to $5,000 (USD 5,000 only) from TDK. Further, promising teams/startups could expect an additional grant from TDK for Phase 2 of the program.
  • Mentorship/Coaching: In addition to structured sessions by expert instructors, experienced business mentors will provide one-on-one input to the teams/startups during the program.
All team members will commit to devote the requisite time to the program.
  • Phase 1 will require about 50% of your time (on a continuous basis) during the 8 weeks from September 2024 to November 2024.
  • Phase 2 will involve approx. 35% of your time (every week) during the 2 months from early-Dec 2024 to mid- February 2025.
To apply, interested candidates can simply visit the 'How to Apply' section on this page and then click on the provided link to complete the application.

If you have any specific queries/clarifications, please email Program Manager, GDC at vinobiah@gdciitm.org

Sharing Confidential Information:

TDK and IIT Madras recognize and appreciate that research teams and startups may possess proprietary information and technologies. We respect the applicants' IP rights and their need to maintain the confidentiality of their proprietary information. Kindly exercise due care and discretion while sharing confidential information as part of the application process. Neither TDK nor IIT Madras will be responsible for any IP or proprietary information breach of any applicant.

The Gopalakrishnan-Deshpande Centre for Innovation & Entrepreneurship (GDC) is a philanthropic initiative at IIT Madras. GDC works with faculty, researchers, students, and budding entrepreneurs in STEM colleges and incubators across India to enable them to commercialise their research-based ideas and create positive socio-economic outcomes at scale. GDC aims to catalyse a ‘lab to market’ transformation of science-based research into deep-tech startups by converting entrepreneurs and founders from academic researchers.

GDC works with universities, laboratories, incubators, and startups and helps strengthen the innovation ecosystem by developing entrepreneurial mindsets and business thinking capabilities in university faculty, researchers, and students.

Over the past seven years, GDC has worked with over 75 universities/incubators/institutions and transformed over 400 startup teams in their entrepreneurial capabilities. Of these, nearly 200 have launched their startups.

A world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.”

TDK’s commitment:

  • Societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.”
  • Participate in the innovation and growth story of India, enabling differentiated technologies for the world
  • Become a strategic partner in accelerating India’s transition to a sustainable future by encouraging and supporting local entrepreneurs to grow their ideas for sustainable development to life.
  • Widen its presence and manufacturing footprint in India by contributing to new solutions ‘from India for India’ and ‘from India for the world’.