Akash Coherent ImpactTech Program by AIC-IIITH Foundation — Frequently Asked Questions
Answers to the questions founders most often ask about Akash Coherent ImpactTech Program by AIC-IIITH Foundation — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Akash Coherent ImpactTech Program?
It is a 4-6 month acceleration program offered by the AIC-IIITH Foundation, in partnership with Coherent Corp and supported by Atal Innovation Mission, NITI Aayog. Its primary goal is to help deep-tech prototypes at TRL 3 evolve into market-ready products that address critical social or climate challenges.
How much funding is available through this program?
The program provides an equity-free grant of up to ₹2,20,000. This funding is milestone-based, meaning it is released in tranches as agreed milestones are achieved, rather than as a single lump sum.
Who is eligible to apply for the Akash Coherent ImpactTech Program?
Early-stage Indian tech startups (at the idea or MVP stage) with a product or solution at TRL 3 (Proof of Concept) or higher are eligible. Individual tech innovators or researchers with an impact-focused prototype who intend to build a for-profit startup can also apply. Founders must be over 18 years old.
Are there specific technology or impact areas the program focuses on?
Yes, the program targets deep-tech and emerging technologies such as IoT, AI/ML, computer vision, robotics, and drones. Solutions must aim for significant social or environmental impact, contributing to India's Sustainable Development Goals (SDGs) in areas like sustainability, healthcare, or community resilience.
What are the costs associated with participating in the program?
Selected participants are required to commit to taking at least one accelerator seat at AIC-IIITH for six months. There is also a mandatory one-time incubation fee of ₹10,000.
Does the Akash Coherent ImpactTech Program take equity from participating startups?
No, the program provides an equity-free grant. This means that AIC-IIITH Foundation will not take any ownership stake in your company in exchange for the funding provided.
What kind of support is offered beyond financial grants?
Beyond the grant, participants gain access to the IIIT Hyderabad ecosystem, including Research Connect with IIITH's research centres, the Smart City Lab test bed, CIE IIITH startup services, lab facilities, and talent. The program also includes bootcamps, masterclasses, and expert mentorship on business modelling and scaling for impact.
What is the application deadline for the program?
The Akash Coherent ImpactTech Program has a rolling application deadline, meaning applications are accepted continuously and are always open.
Is DPIIT or MSME registration mandatory for applicants?
The program details do not explicitly state a requirement for DPIIT or MSME registration. The primary criteria focus on the stage of the startup or innovator, technology readiness, and the intended impact of the solution.
Where can I apply for the Akash Coherent ImpactTech Program?
You can find the application form by following the link provided on the StartupFunds.in directory page for this program.
Who offers Akash Coherent ImpactTech Program by AIC-IIITH Foundation?
Akash Coherent ImpactTech Program by AIC-IIITH Foundation is offered by AIC-IIITH Foundation, an academic institution. It is provided as non-dilutive funding.
How do I apply for Akash Coherent ImpactTech Program by AIC-IIITH Foundation?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
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