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IIT Madras Incubation Cell (IITMIC) - The Real Startup Hero!
short by / on Friday, 23 February, 2024
IITMIC as of 2023 end had a portfolio of 351 deep tech startups valued at Rs 45,000 Cr ($5.4 billion). Survival rate of their startups is 80% v/s 4-6% normally. They plan to end 2024 with 366 patents & 100 startup launches They also own 1% equity in many of these companies. IITMIC is earning Rs 60 Cr/year
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