Gyan Circle Ventures (TIDE2) Test

Indian Institute of Information Technology, Sri City (IIITS), is an institute of national importance established in 2013 by MHRD Government of India in partnership with Government of Andhra Pradesh and Sri City Pvt Ltd. IIITS aims to develop solutions to real-world problems and create a positive impact in our day-to-day lives. The Institute encourages undergraduate students to actively take part in research through a merit-based BTech Honours program. Students who participate in the program work on a particular area under a faculty or group of faculties for a period of 2 years. They earn the Honours degree by producing research publications or Intellectual property or a software/hardware product.

Additionally, IIIT Sri City promotes a culture of innovation and entrepreneurship to help faculty and students to fulfil their potential and to serve the needs of the community. We foster entrepreneurship and innovation through several ways. IIIT SriCity has been selected by MHRD Innovation Cell to act as an Institute Innovation Council. Furthermore, IIIT SriCity has established an Entrepreneurship Cell (E-cell) to support and enable students to create innovative ideas and convert them into business opportunities. E-cell trains students on how to be successful entrepreneurs with social responsibility.

Keeping up with the spirit of entrepreneurship, in 2020, we launched our TBI, Gyan Circle Ventures (The legal entity being Centre for Innovation and Entrepreneurship Development at IIITS (CIED), an independent Section 8 Non-profit organization). The Business Incubator is one of the strategic priorities of the institute to promote innovation and entrepreneurship in the region, in several areas including but not limited to, Infrastructure Development and Smart Manufacturing. We strongly believe that Gyan Circle Ventures will serve as a hub for innovation and startups leading to development of new technologies and business opportunities as well as enable economic and social development in the region.

The primary purpose of the incubator, associated with the esteemed IIIT Sri City, is to encourage building the institutions’ entrepreneurial spirit via utilizing its intellectual capital. Currently, the Director of IIIT Sri City Dr. G. Kannabiran and Dr. Balasubramanian Kandaswamy, Assistant Professor, serve as the Directors of the company.

Gyan Circle Ventures invites participation from potential entrepreneurs and startups that are building cutting edge technology solutions to real world problems.

Gyan Circle Ventures located in IIIT Sricity provides valuable facilities to incubatees and startups. The incubatees of GCV gets access to

• Modern work space
• Communication facilities
• Computing facilities
• Equipment labs
• Library & information Centre
• Training and conference facilities

In addition, the incubatees can leverage the expertise of Mentors from both academia and the industry. Being an incubatee in a TBI which is a part of an esteemed high quality technical institution has additional perks. Startups need manpower and they have an opportunity to hire brilliant young minds from IIIT Sri City, either as interns or as full time employees.

Gyan Circle Ventures proposal to function as a Technology Incubation and Development of Entrepreneurs (TIDE 2.0) incubation centre was approved by the Ministry of Information Technology (MeiTy). They have chosen and are funding GCV as a Group 2 Centre.

TIDE 2.0 by MeiTy was initiated to promote tech entrepreneurship through financial and technical support to incubators engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance. You can learn more about TIDE 2.0 here. The TIDE 2.0 center at Gyan Circle Ventures will provide support for innovators and startups, in various phases, via the two following programs.

Entrepreneur-In-Residence (EiR) Program

• An Entrepreneurs-in-Residence (EiR) is an individual(s)/ student(s)/ start-up who are ready to develop and validate their idea into a Proof-of-Concept (POC).
• They will work from GCV incubator space
• GCV TBI will support the idea development, validation and subsequent development of POC.
• A maximum up to Rs. 4 Lakhs will be provided to each EiR as Grant.

To register for the EiR program:  (To be updated soon)

Grants Program

• Nascent start-ups with a definite Proof-of-Concept can be considered eligible for the grant. The grant is provided to create a Minimum Viable Product and to advance the start-up till Go-to-market stage.
• A maximum of up to Rs. 7 Lakhs may be provided to each start-up as Grant.
• GCV TBI will provide mentorship and guidance throughout the program.

To register for the Grant Program:  (To be updated soon)

Investments

• Later stage start-ups are eligible for investments for a tune of Rs 40 Lakhs.
• The grant is provided to proceed with moving the product towards commercialization.
• Allocation of funds for investments are common to all 20 TIDE2.0 group-2 centers. It is subject to additional scrutiny and approval from MeiTy.

To apply for investments:  (To be updated soon)

• Mr. Srinivasa C Raju, Chairman, Sri City

• Mr. Ravi Sannareddy, MD, Sri City

• Prof. Krishnan Balasubramanian, IIT Madras

• Dr. Saji Gopinath, CEO, Kerala Startup Mission

• Dr. Ravi Arora, Head of Innovation,Tata Group

• Mr. V. Ganapathy, CEO, Axilor Ventures, Bengaluru

• Dr. Satish Andhra, Co-founder of Endiya Partner

• Mr. Ramesh Loganathan, CEO, CIE IIIT Hyderabad

• Ms. Anu Acharya, CEO, MapMY Genome

• Ms. Vani Kola, Managing Director at Kalaari Capital

• Dr. G. Kannabiran, Director, IIIT Sri City

• Dr. G. Kannabiran, Director, IIIT Sri City

• Dr. Satish Andhra, Co-founder of Endiya Partner

• Mr. Ramesh Loganathan, CEO, CIE IIIT Hyderabad

• Mr. Derick Jose, Founder and CEO, Flutura Analytics

• Mr. Shankar Narayanan, Serial Entrepreneur

• K Mahalingam, Member Chennai Angels

• R. Mahalingam, MD, Netcon, Coimbatore

• Dr. Hrishikesh Venkatraman, FIC of R&D

• Dr. Subu Kandaswamy, Director, Gyan Circle Ventures

Gyan Circle Ventures works closely with clubs and other student organizations of IIIT Sri City to promote entrepreneurship and innovation. Many events are organized in collaboration with them to encourage student participation. The two important organizations that work with GCV are as follows:

Institute Innovation Council

Indian Institute of Information Technology, Sri City, Chittoor is one of the institutes selected for establishing MHRD – Institute Innovation Council (IIC). Read more about IIC here.

E-Cell at IIIT Sri City

E-Cell @ IIIT Sri City undertakes many activities in order to help students learn the intricacy of entrepreneurship and Intrapreneurship by practicing it. Read more about E-Cell here.

Additionally we conduct several activities independently. The list of all upcoming activities/events and information about past events are below:

Upcoming events

• All upcoming events

Past events

• Past events and webpages/brochures about past events

Promotional content

• Promotional content about webinars etc.

Gyan Circle Ventures

Indian Institute of Information Technology, Sri City, Chittoor

630 Gnan Marg, Sri City, Satyavedu Mandal

Chittoor District - 517 646, Andhra Pradesh, India

Phone No

General Communication. +91 99086 40219

Professional Interaction: +91 93813 39942

Email : gyancircle.ventures@iiits.in

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