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TIDES Business Incubator Newsletter || Dec-Feb 2019 Page 1

TIDES Edge

Indian Institute of Technology (IIT) Roorkee ranks amongst the best technological institutions in the

world. We are a trend-setter in supporting entrepreneurial culture and enabling our students to action

their ideas in various fields of science and engineering.

By established Technology Innovation & Development of Entrepreneurship Support (TIDES) business

incubator at Roorkee campus we aim to create an ecosystem to transform innovations into successful

technopreneurial ventures.

TIDES business incubator is supported by the Start-Up India Program, Department of Science and

Technology (DST), Ministry of Electronics and IT (MeitY), National Science and Technology Entrepre-

neurship Development Board (NSTEDB) and other agencies.

TIDES is emerging as an innovation hub for young people to accelerate their ideas to successful start-

ups by providing incubation at various locations such as Greater Noida Campus

TIDES Edge aims to provide the latest initiatives and other useful information and opportunities regard-

ing the startup ecosystem at TIDES and beyond.

TIDES Business Incubator Newsletter December - February, 2019

Dr. Sanjeev Manhas

Faculty Incharge, TIDES

MESSAGES

Welcome to the TIDES Edge!

India's startup ecosystem has seen eight startups joining the unicorn club in the last year. Now,

the average time taken by a startup to attain a billion-dollar valuation in India has come down to

between five and seven years, whereas in the US it is around seven to eight years. However, India

still lags China’s four to five years. The newest entrants to unicorn club are moving towards expan-

sion and profitability. This augurs well for the Indian entrepreneurs wanting to start their own ven-

tures.

The startups need to develop “Fail-Fast” attitude. Speed is the key to surviving and excelling in the

fierce competition in the market. Startup have to plan and execute a year’s strategy instead of

planning for a five-year strategy. Time is the key in this era and it is highly likely that many more

startups may be working on a similar idea and will bring the product to the market and capture it.

I am sure, going forward in 2019, the startup ecosystem in the campus will be even more stronger

and conducive to budding entrepreneurs and innovators. I wish them to reach pinnacle of success

“Citius, Altius, Fortius”.

Happy reading!

Azam Ali Khan,

CEO, TIDES, IIT Roorkee


Dogga Raveendhra, CTO of Zunik Energies and his team

are change makers, whose vision is to revolutionize the Indi-

an electric market. Acknowledging his teams effort he says

‘Great things in business are never done by one person, they

are done by team of dedicated people’. Their team have cre-

ated a innovative solar PV inverter which has a smaller size,

less cost, greater volume and enhanced life span. Dogga

was awarded with a fellowship by Government of India to go

USA and do research on Solar PV Systems at FREEDM

System Centre, NC State University with the team of Profes-

sor DC Hopkins. He said ‘When I was in US, I learned how

advanced they are in the technology arena to create more

sustainable, renewable and efficient energy systems so that

load on fossil fuels can be reduced and a greener society be

created.”

When he returned back to India, with the support of Dr. M K

Pathak he developed a new inverter topology which better

suits single stage solar PVs. It was here when he learned

about TIDES Business Incubator and wished to realise his

dream of going commercial. He talked about the incubation

process and how TIDES was able to help his team by provid-

ing necessary facilities, professional mentoring for further

development of business plan, helping in search of target

markets, market entry strategies and overall exposure to the

world of entrepreneurship.

Zunik Energies was selected by DIPP among top 30 startups

in India for SLUSH 2018, held in Helsinki, Finland and also

was selected by APIS for sponsoring TA/DA in the men-

tioned event. Working in conjunction with government of In-

dia schemes such as make in India. They want to manufac-

ture and export this technology worldwide in an effort to push

the technological envelope even further while benefiting the

world in whole.

He said “commercialization and development are tough tasks

and I needed a team who have a similar beliefs and vision.

We believe better health can be attained through cleaner air,

water, and soil; greater energy security can be attained due

to reductions in imported fuel. Stronger economic growth

through creation of greater number of jobs, reduction of

greenhouse gas emissions which is the main cause of cata-

strophic climate change, global warming and severe weather

disruptions’

SAPLING TO SUCCESS

Bringing life to an Idea through belief and teamwork for a revolution


TIDES UPDATE

Entrepreneur Lecture Series

With the growing interest of students in entrepreneurship, TIDES has initiated ‘The Entrepreneur Lecture Series” in which

industry leaders are called to motivate

students to pursue their dreams and

realise their ideas for betterment of the

society in whole. Our first lecture was

given by none other than Ms. Kalpana

Saroj, chairperson Kamani Tubes Ltd.

Hailed as the original “Slumdog Million-

aire” she is reason behind a small com-

pany running on losses to become a

company worth an estimate 2000

crores. With a clear understanding of

challenges faced by the youth she was

able guide students to face and learn

from their problems so that they stay

strong when actual life challenges face

them. In the fast paced society, pa-

tience is being lost and people are los-

ing self belief which according to her is

the strongest emotion in a persons life

for achieving their dreams. She said

‘Giving up is a guaranteed road to failure while putting time into something, with or without quick results, creates chances

for success.’

After meeting the director, IIT R Dr. A K Chaturvedi she acknowledged the efforts of IIT R in nurturing talents of students in

this progressive era.

She visited TIDES Business Incubator to see the upcoming entrepreneurs of this country and how well are they nurtured.

Startups from TIDES including, founder of Zunik Energies Mr. Raveendhra Dogga and his team had an interactive session

with Ms. Saroj where they discussed their inception and development. She motivated them by tackling their fear of failure in

this ruthless world and concluded her visit by saying ‘I am extremely happy that TIDES Business Incubator is giving great

encouragement and support to aspiring entrepreneurs and with such support you can fulfil your entrepreneurial dream.”


BOSCH MOBILITY SOLUTIONS visiting TIDES

Bosch, recognising the need of entre-

preneurs to solve problems of next

generation mobility solutions, came to

TIDES to interact with the Incubates to

know what they are working on and

how can they be utilised in solutions.

Mr Prashanth, Senior GM Mobility So-

lutions, Bosch along with his team

asked the teams about their business

plans and the challenges they are fac-

ing while getting traction in market.

They helped them to differentiate them-

selves from the competition and find

alternative solutions to disrupt the mar-

ket. They were impressed by the ac-

tiveness of the program.

TIDES MEETING MEITY

Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics & Infor-

mation Technology visited IIT Roorkee and TIDES on 2nd February to

attend E-Summit organised by TIDES and EDC. With closer interac-

tion between government policy making organisation and educational

institutes, greater social objectives can be realised with innovative

solutions. While addressing the audience he talked about various

changes that have taken place recently and the rapid growth of mobile

services in Indian landscape, allowing for greater reach which is help-

ing in faster development of economy.

He visited TIDES to understand and motivate the startups for faster

application of IoT services in rural/urban areas so that information

spread is efficient. He believes that startups in association with educa-

tional institutes can redefine India’s IoT industry as they are passion-

ate about their work and can provide effective solutions at a affordable

price. He said ‘ I feel young and motivated in this institute and wish to

join the organisation to do research and development someday in my

life”

Startups like Zunik Energies,

Recogsquare, Dirghadhi who are work-

ing on inverter technology and object

detection using radar frequencies were

point of interest for Bosch. Bosch is

working hard to bring hybrid technology

and autonomous driving into mass mar-

ket and such startups can help them in

standardizing the products.


NIDHI ACCELARATOR

TIDES Business Incubator has been selected by Depart-

ment of Science and Technology to host National Initiative

for Developing and Harnessing Innovations (NIDHI) acceler-

ator program and seed support system in which is deigned

for early stage startups with innovative technologies in Inter-

net of Things (IoT) and B2B sector. The program arms the

startups through 16 weeks of rigorous mentoring and net-

working opportunities so as to accelerate their growth and

economic validity. The program will be managed by a steer-

ing group with representatives from TIDES Business Incu-

bator, IIT Roorkee, NCR incubation ecosystem, and other

corporate entities.

The 16 week program is divided into 3 parts, to create a

clear understanding about the accelerator program.

1st Boot Camp: In this the startups will be explained about

accelerator program, business plan structuring and valida-

tion of idea.

2nd Startup acceleration phase will primarily focus on devel-

oping the idea and to escalate and intensify their develop-

ment and commercialization process. All factors related to

creating a business are covered here (legal, marketing, etc.)

3rd Demo and Launch will be the final part of the program.

In this customer validation will be done through market sur-

vey and startups shall be connected with venture capitalists.


STARTUP LEXICON

Bridge Loan: Also known as swing loan. It is a short

term loan to bridge the gap between major financing.

IPO: Initial public offering. The first time shares of stock

in a company are offered on a securities exchange or to the

general public. At this point, a private company turns into a

public company (and is no longer a startup).

Pro Rata Rights: Also known as supra pro rata rights.

Pro rata is from the Latin 'in proportion.' A VC with supra pro

rata rights gives him or her the option of increasing his or

her ownership of a company in subsequent rounds of fund-

ing.

SaaS: Software as a service. A software product that is

hosted remotely, usually over the internet (a.k.a. "in the

cloud”).

Capped Notes: Refers to a "cap" placed on investor

notes in a round of financing. Entrepreneurs and investors

agree to place a cap on the valuation of the company

where notes turn to equity. This means investors will own a

certain percentage of a company relative to that cap when

the company raises another round of funding. Uncapped

rounds are generally more favorable to an entrepreneur/

startup.

Vesting: When an employee of a company gains rights

to stock options and contributions provided by the employ-

er. The rights typically gain value (vest) over time until they

reach their full value after a pre-determined amount of time.

For example, if an employee was offered 200 stock unites

over 10 years, 20 units would vest each year. This gives

employees an incentive to perform well and stay with the

company for a longer period of time.

Valuation: The process by which a company's worth or

value is determined. An analyst will look at capital struc-

ture, management team, and revenue or potential revenue,

among other things.

Recapitalization: A corporate reorganization of a com-

pany's capital structure, changing the mix of equity and

debt. A company will usually recapitalize to prepare for an

exit, lower taxes, or defend against a takeover

Freemium: You give the basic product away for free

and then try to upsell features to your customers. This mar-

keting ploy is often used in directory businesses.


CHANGEMAKERS

Recogsqaure:Customer Specific marketing for Retailers through AI

Recogsquare is the youngest TIDES incubates, currently

incubated at TIDES, IIT Roorkee Greater Noida Extension

Campus. They are a team of four members Kunwar Raj,

Sarthak and Amit who found a gap in the retail sector where

majority sales still do take place. Through facial and prefer-

encial analysis from Invoid AI they are able to leverage deep

expertise in Computer Vision which is enabling enterprises

improve business efficiency. They are bringing advamced

analytics via a dashboard offline retail space. INvoid uses

machine learning and big data analysis for accurate data

mining, hence better customer understanding and results.

This helps the retailers to better customize their products

and tailor their services according to the consumer liking for

better experience and customer retention hence giving valu-

able competition to online retailers. TIDES has recognised

the future potential of this technology in Indian landscape

where retail segment is still growing in the face of online

retailers and stores are looking into new ways of differentiat-

ing themselves.

Currently they are being used by hospitality service chains,

corporate using it to verify backgrounds of future employees

through government IDs, retail stores for customer valida-

tion.


Dirghadhi: God’s eye for the Agriculture Sector in India

Dirgadhi is a startup founded by Dr. Dharmendra Singh, pro-

fessor IIT-R and incubated at TIDES Business incubator. It

aims to revolutionize the agriculture sector by making IoT

technologies reachable to end customer, understandable and

cost efficient. With use of Microwave Imaging and Space

Technology Application lab they monitor soil through satellite

imagery to understand the changes happening due to climate

change and over production.

Satellite Based Agriculture Information System (SBAIS) is

India’s first satellite data based online information for agricul-

ture/crop monitoring at district and tehsil level, currently in

Uttarakhand. The system is based on the analysis of multi-

temporal satellite data and composed of mainly two modules

namely “classification” and “Crop Monitoring”.

In classification module, the location of greenness/vegetation

could be identified, as the agricultural area is segregated from

other land cover classes over period of time.

The crop monitoring module is based on Normalized differ-

ence Vegetation index (NDVI) which is a measure of plant/

crop “greenness” based on the photosynthetic process of chlo-

rophyll content and hence identifies the crop health. This all is

aimed at increasing farmer’s production at very cheap costs so

that their profits increase and more automation can be brought

in for sustainable land use.


Raspberry Pi 3: It is a single board microcomputer

which is a pretty useful device for embedded and IoT ap-

plications. The Raspberry Pi 3 has an on board Wi-Fi with

which you can directly connect it to internet for sending

data(e.g. sensor data) and receiving data(e.g. your com-

mand via app or website) through internet.

Tectronix Function Generator: Designs are often com-

plex and demands a variety of stimulus signals during

test. With standard waveforms, arbitrary waveform capa-

bility and signal impairment options, a Tektronix Function

Generator supports a wide range of application needs

with one instrument.

Spectrum Analyzer: It is a device that displays signal

amplitude as it varies by signal frequency. Electronics

industry uses it to examine the frequency spectrum of

radio frequency(RF) and audio signals. They help in test-

ing performance of circuits which can help the research-

ers better understand modifications needed to reduce

interference thus improving their performance.

Roberta Oven: It is countertop convection oven us-

ing an advanced airflow system along with a patented

baffle-bearing motor to ensure high performance while

heating. It has a advanced airflow design and patented

baffle and a heavy duty squirrel cage fan moves more air

in less time for perfect results every time.

Inductive Proximity Sensor: They are used for non-

contact detection of metallic objects. It is based on a coil

and oscillator that creates an electromagnetic field in the

close surroundings of the sensing surface for positioning

and detection of metals.

IOT @ TIDES: A CALL FROM FUTURE

According to a report published by NASSCOM, with increased penetration of affordable devices, combined with cloud computing, analytics and rising consumer expectations is driving the rapid growth of the IOT market in India. Recognising the potential TIDES Incubator is continuously modernising its IoT lab to sustain new age technology development done by the startups incu-bated.


Die Bonder: It a device used for placing a semi-

conductor device to next level of connection, whether it is a

substrate or a board. With placement accuracy, high capaci-

ty and production speed we’ve got the machine to keep up

with the demands of today’s generation

PID Temperature Controller: It is an temperature control-

ling instrument which takes an input from a temperature the

actual temperature to the desired control temperature, or set

point, and provides an output to a control element.

Ultrasonic Sensors: Ultrasonic sensors are designed for

non-contact detection of solid and liquid objects.

These sensors are used for a wide variety of functions from

monitoring the level of water in a tank to fluid identification/

concentration, to detecting object proximity.

The LPKF ProtoMat Prototyping Machine: The LPKF

ProtoMat S103 circuit board plotter for producing PCB pro-

totypes and small batches is configured specifically for RF

and microwave requirements. The touchless, pneumatic

depth limiter further allows delicate surfaces, soft and flexi-

ble substrates to be processed. The ProtoMat S103 also

carefully depanels irregular shaped flexible circuit boards

from larger boards.

Formlabs Form 2 SLA 3D Printer: The Form 2 is the

most advanced professional stereolithography (SLA) desk-

top 3D printer on the market.The Form 2 also has a 40%

larger build volume than its predecessor, at 145 x 145 x

175mm / 5.7 x 5.7 x 6.9in. This is a huge increase in build

volume and it opens a whole world of new opportunities for

the user.Also new to the Form 2 is a sliding peel mechanism

and resin wiper. This mechanism gently removes parts from

the print bed, and the wiper improves print consistency by

removing any particulates from the build area.

Amscope 3.5-90X Zoom Stereo Triangular Microscope:

This stereo microscope is designed for industrial inspection

applications. The microscope is capable of 3.5x - 90x mag-

nification and comes complete with ball bearing boom stand,

6.3 M.P. digital camera, and 30 Watt LED fiber optic ring

light. The CMOS camera is capable of capturing images and

videos. The PC software allows for annotation, measure-

ment, stitching, extended-depth-of-focus, and more. MAC

users have limited software functions.

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TIDEStides.iitr.ac.in/AdminTidesiitr/newletter_document... · TIDES is emerging as an innovation hub for young people to accelerate their ideas to successful start- ... tional institutes