IIM Ahmedabad’s Incubation Platform, CIIE.CO, to Invest in 50 Startups with a Focus on Technology and Sustainability
- ByStartupStory | March 22, 2023
CIIE.CO, the incubation platform of the Indian Institute of Management Ahmedabad, has announced its plan to invest in 50 new startups across various sectors, with a focus on technology, digitization, and sustainability. The platform will invest up to $100,000 each in 50 early-stage startups over the next 12 months. CIIE.CO is looking to build its deep-tech portfolio across a range of sectors, including health tech, decarbonization, and enterprise-grade solutions powered by generative AI.
The platform has a vested interest in investment ventures that resonate with the youth, including gaming and the creator economy, providing alternative opportunities for work. Vipul Patel, Partner of Seed Investing at CIIE.CO, announced the platform’s commitment to expanding its deep-tech holdings by exploring novel areas of growth, particularly in breakthrough solutions for decarbonization and enterprise-grade solutions powered by generative AI.
The platform has previously invested in notable entities such as Agnikul, IdeaForge, Biosense, and PerkinElmer and maintains a core aim of investing in non-conventional job opportunities catering to the up-and-coming generations.
In conclusion, CIIE.CO has a remarkable track record of supporting nascent startups and is dedicated to investing in emerging markets that appeal to younger generations. The platform remains committed to expanding its deep-tech holdings and exploring new untapped markets.
CIIE.CO’s investments in early-stage startups are a testament to the growing appeal of India’s thriving startup ecosystem. The Indian government has placed great emphasis on promoting startup growth through initiatives such as “Startup India,” which has propelled the country towards becoming a center of innovation and entrepreneurship. CIIE.CO’s significant contribution to India’s economic growth and startup ecosystem development through its crucial role in supporting startup ventures via investment cannot be overstated.
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