Honeywell has partnered with the Foundation for Science and Innovation Development (FSID) and the Indian Institute of Science (IISc) to conduct cutting-edge deep scientific research. To this end, the company has extended its research and financial support to 37 Indian startups. Honeywell has provided him with funding of Rs 9 billion in the last four years. Honeywell has provided funding of Rs 2,400 crore to eight startups and five Entrepreneurship Residency Programs (EIRs) in FY23-24, with a focus on agri-tech, clean-tech, health-tech and green-tech. The company also plans to onboard 10 more new startups this financial year.
What is deep technology and how this funding is helping startups Through this collaboration, Honeywell will provide seed funding and research support to startups in the field of deep science. This technology focuses on addressing environmental, agricultural, and health challenges.
This partnership not only provides them with seed capital, but also access to improved facilities, connections with industry players and government agencies, high net worth individuals (HNIs), angels, venture capitalists (VCs), and even small and medium-sized enterprises. -Also provides access to global networks for small businesses. Medium-sized Enterprises (MSMEs) in India.
Examples of how funding has helped In 2023-24, the Honeywell and IISc collaboration has benefited companies such as Papyrus Diagnostics Private Limited, Akumen Artificial Intelligence, Hoyasan Labs Pvt Ltd, Cellsion Technologies Pvt Ltd, and Easescan MedTech Private Limited. Expanded to medical/medical technology companies. and agritech companies like Kaiza Tech and Green Collar Agritech. So is cleantech startup Mushloop Pvt Ltd.
For example, a Honeywell and IISc-backed startup called “AI Highway” offers a cost-effective heart disease screening system that leverages advanced signal processing and AI capabilities to screen for, detect, and predict cardiopulmonary disease. I am. This innovation has the potential to reduce the burden on cardiologists and address India’s severe shortage of specialists, estimated at more than 84,000.
Additionally, support for wastewater treatment startup OpenWater.in will use the grant to design and install a 25,000 liter per day system in Mavaripura, a village about 20 kilometers north of Bangalore city. did. The groundwater quality here is very poor due to the presence of solid waste in the landfill near the village, which led to the contamination of the water source. Open Water has introduced a solution to treat groundwater contamination.
Dfine Bio Innovations Pvt ltd is a medical technology startup supported by a grant from Honeywell. The startup has developed an indigenously built hemostasis system named FibriTimer Zeta-1 (a first for an Indian company). Zeta-1 uses patented dual technology to help clinicians understand human deficits in bleeding and thrombosis. Zeta 1 is designed for professional use in clinical laboratories. This product is ISO certified and approved by CDSCO and is a life saving device. The price of this product is significantly lower than the products available on the market.
This year’s startups will range from 8 to 10 and will be supported by approximately 3 to 5 resident entrepreneur programs.
What is deep technology and how this funding is helping startups Through this collaboration, Honeywell will provide seed funding and research support to startups in the field of deep science. This technology focuses on addressing environmental, agricultural, and health challenges.
This partnership not only provides them with seed capital, but also access to improved facilities, connections with industry players and government agencies, high net worth individuals (HNIs), angels, venture capitalists (VCs), and even small and medium-sized enterprises. -Also provides access to global networks for small businesses. Medium-sized Enterprises (MSMEs) in India.
Examples of how funding has helped In 2023-24, the Honeywell and IISc collaboration has benefited companies such as Papyrus Diagnostics Private Limited, Akumen Artificial Intelligence, Hoyasan Labs Pvt Ltd, Cellsion Technologies Pvt Ltd, and Easescan MedTech Private Limited. Expanded to medical/medical technology companies. and agritech companies like Kaiza Tech and Green Collar Agritech. So is cleantech startup Mushloop Pvt Ltd.
For example, a Honeywell and IISc-backed startup called “AI Highway” offers a cost-effective heart disease screening system that leverages advanced signal processing and AI capabilities to screen for, detect, and predict cardiopulmonary disease. I am. This innovation has the potential to reduce the burden on cardiologists and address India’s severe shortage of specialists, estimated at more than 84,000.
Additionally, support for wastewater treatment startup OpenWater.in will use the grant to design and install a 25,000 liter per day system in Mavaripura, a village about 20 kilometers north of Bangalore city. did. The groundwater quality here is very poor due to the presence of solid waste in the landfill near the village, which led to the contamination of the water source. Open Water has introduced a solution to treat groundwater contamination.
Dfine Bio Innovations Pvt ltd is a medical technology startup supported by a grant from Honeywell. The startup has developed an indigenously built hemostasis system named FibriTimer Zeta-1 (a first for an Indian company). Zeta-1 uses patented dual technology to help clinicians understand human deficits in bleeding and thrombosis. Zeta 1 is designed for professional use in clinical laboratories. This product is ISO certified and approved by CDSCO and is a life saving device. The price of this product is significantly lower than the products available on the market.
Expanding
This year’s startups will range from 8 to 10 and will be supported by approximately 3 to 5 resident entrepreneur programs.
