The second batch of 14 firms in the startup incubation programme has been inaugurated by C3iHub, the technology innovation hub of the Indian Institute of Technology (IIT) Kanpur, at an event on July 16. The cohort will collaborate with start-ups in cyber security. UAV security, blockchain, intrusion detection, and cyber physical system were the startups that were selected.
In cyber-physical systems including critical infrastructures, automobiles, and unmanned aerial vehicles, the goal is to overcome cyber security challenges (drones). According to IIT Kanpur, the key goals of C3iHub include creating critical infrastructure security goods and services and encouraging the subsequent generation of cyber security entrepreneurs.
C3iHub taken up challenge to launch 125 startups in 5 years
“C3iHub has taken up the challenge to launch 125 startups in 5 years in critical cyber security areas associated with cyber physical systems. So far, 30 startups have been launched in the 1st and 2nd cohort, and invitation for 3rd cohort application has already been floated,” said Prof Manindra Agrawal, Project Director, C3iHub .
According to the IIT, C3iHub offers incubated firms a seed grant of Rs 10 lakhs and Rs 50,000 per month for one founder for two years, totaling an initial investment of Rs 22 lakhs. After two years of incubation, the organisation estimates that at least 20% of the firms will be successful. To help startups raise money, C3iHub provides additional funds and establishes connections with investors and businesses. According to IIT Kanpur, the centre has been able to create about 230 job opportunities over the last two years thanks to these entrepreneurs.
As part of India’s growing cyber security system, C3iHub was founded under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) in 2020. The selection process for the first cohort of startups and the official launch of the first cohort happened in 2021, IIT Kanpur added.
