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SID - Deep Science Incubation

Last Updated on Mar 27, 2020
CSR

CSR ID: 10051

SID is one of the few truly deep science incubator in the country founded by Indian Institute of Science, Bangalore. Our focus is on incubation startups that leverage science and technology to develop innovative commercial products. We have incubated over 30 startups so far. Some of the well known startups include - Strand Life Sciences, Bellatrix Aerospace, Astrome Technology, PathShodh Healthcare, Mymo Wireless etc. We are domain agnostic and welcome founders from outside IISc too. Given that most of startups build physical products [mix of hardware + software], the gestation period for these startups are longer as compared to pure play software startups and they need a substantial funding [typically 2 to 3cr per startup] to take their product to market. The risk appetite from VCs for investing in deep science startups is low. We typically support the startups by helping put a syndicate out or by passing on funds generated through CSR efforts. Companies in the past have contributed to this initiative through their CSR grant. For companies, this provides a mechanism to get an early insight into innovative startups- they can encourage their employees to mentor founders, help them with in areas such as Product Development, Sales, Marketing etc.

Project Impact

Each Startup typically employs about 4 to 10 people and each job generates 4 jobs as a byproduct. We do about 10 startups a year so this translates roughly to 100 full time jobs and about 400 indirect employment

Project Snapshot
  • Sector
    CSR
  • Sub-Sector
    Technology Incubators
  • CSR Sub-Sector Brief
    Technology De-risking
Funding Details
  • Funding Requirement (in USD)
    1.32 mn
  • Funding Status
    Partially funded
Project Location| Bangalore Urban, Karnataka India
Address 1:

Karnataka, Bangalore Urban

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Contact Summary
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