13 IoT and hardware startups to receive Rs 7.5 lakh each from MeitY

By Daisy On Jan 27, 2022

Chennai: The Ministry of Electronics and Information Technology (MEITY) and innovation ecosystem T-Hub announced on Thursday that 13 Indian startups in the hardware and internet of things (IoT) sectors selected for ’s Scale Up programme will receive a grant of Rs 7.5 lakh each from MeitY.

This is a partial grant that has been disbursed to startups that have demonstrated proof of concept, built a customer base, and exhibited the potential to scale across the country, T-Hub said. The balance will be disbursed after they complete the programme.

The selected startups are Bariflo Labs, Startoon Labs, Ayasta Technologies, BluArmor, Detect Technologies, Greenies, MLIT Solutions, Mobilytics, Nemocare Wellness, Rizel Automotive, SatSure Analytics India, Swaayatt Robots and RoadMetrics.

“T-Hub’s collaboration with MeitY is targeted to support startups that are ready for the growth phase and make the best use of the grants provided. The selected startups now can leverage the provided leading corporates and specialised mentors and continue the acceleration journey for respective businesses,” Srinivas Rao Mahankali, CEO of T-Hub, said in a statement.

Discover the stories of your interest

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.