Review of SIIC activities - Indian Institute of … of SIIC October 2009.pdf‡ Hexolabs' Mobile Antakshari had crossed the mark of 1 lacs subscribers in just 3 months. ‡ IAITO has

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Review of SIIC activitiesR i f SIIC f i Q 2 Review of SIIC performance in Q 2 Discussion hour

Rental Policy at SIIC to be rolled out for incubates occupying 2nd office space at SIIC or for incubates

hose inc bation ten re is completed whose incubation tenure is completed

G d t d C i 11 Graduated Companies: 11 Present Incubates: 8 Present Incubates: 8 New Entrants: 4

S.No COMPANY Graduation PRODUCT/SERVICE1 Weather Risk Management June 2009 Weather insurance and the1 Weather Risk Management

Services P ltdJune 2009 Weather insurance and the

financial risk management forweather based risks.

2 Hexo Labs Pvt. Ltd. January 2009 Mobile phone games &multimedia solutions foreducation

S.No Name of the Company Promoters  Product/Process under development

1 Nano Core Solutions Pvt. Ltd Dr. Sundar Manoharan Nano Technology based Solutions FEP companyProfessor of Chemistry

for Bio Medical, electronic and Photonic devices

2 Thinking Threads Designs Pvt. Ltd. Ms. Butool AbbasMs Binapani Patra

Design services ranging from manufacturable design products Ms. Binapani Patra

Ms. Meera Mangrulkarmanufacturable design products, research analysis, and strategic design solutions for manufactured end-products.

3 Innovative Witech Systems Pvt. Ltd. Mr.Sachin RajputDr. Sunil JhaMr.Ashish Agarwal

To develop GSM/GPRS Modules and Wireless Embedded Modules

4 Ingen Technologies Pvt. Ltd. Mr. Sonu Agrawal To develop electronic/ mechanical instruments for Indian markets like Hail Guns, Automatic Teller Machines (ATMs), Upgraded Automatic Weather Stations and touch screen based mobile phones touch screen based mobile phones with advances content.

S.No Name of the Company Promoters & Qualification Product/Process under development

1 Innovative Embedded Systems Pvt. Ltd.

Mr. Sunil Jha, Ph.D, Mr. Agrawal, B.Tech., IITK

Embedded intelligent systems, Digitalsignal processing, Automated energymetering solutions, Robotic systems andMachine automation, Plant control andmonitoring solutions and Communicationtechnologies.

2 Simmortel Voice Technologies Pvt. Ltd.

Mr. Abhishek Singh, B.Tech, IITK

Speech Recognition Technologies

3 IAITO Infotech Pvt. Ltd. Mr. Anand Shenoy and Mr. Chandan Maity, BE.

UHF RFID Reader

4 Aarsh Management Solutions Pvt. Ltd.

Mr. Sanjeev Newar, IIM, Financial Risk Management.

5 Cenogen Materials Pvt. Ltd. Mr. Tapendu Mandal, PhD student IITK , Mr. Prem

Nanopowders for bio-medical use andabrasive material

Prakash , M.Tech , MME , IITK

6 Geokno Geospatial Knowledge Practitioners

Dr. Bharat Lohani, Dept. of Civil Engg., IITK

Web based Brand building.

Pvt. Ltd.7 Simplifix Automation

Solutions Pvt. Ltd.Mr. Reetesh Singh, B.Tech., IITK

Automatic Cash Validator and Nano-Positioner

8 Base9 Web Services Mr. Sai Srinivas KG Brand development through Web

‡ Incubation Tenor of Innovative Embedded Systems P Ltd. (IESPL)

‡ Incubation Tenor of Simmortel Voice Technologies P gLtd.

¶ Lib t d ffi f C ¶ Library converted as office space for Cenogen Materials P Ltd.

¶ IESPL & WRMSPL vacating 1 room each (extra) occupied by them.

¶ G 2 will be converted as office space ¶ In short time Hexo Labs Pvt. Ltd., WHORL ¶ In short time Hexo Labs Pvt. Ltd., WHORL

Engineering Solutions Pvt. Ltd. will vacate office spacespace

¶ Thi ki Th d D i P t Ltd ¶ Thinking Threads Design Pvt. Ltd. ¶ NanoCore Solutions Pvt. Ltd.¶ Innovative Witech Pvt. Ltd.¶ INGEN Technologies Pvt. Ltd.¶ INGEN Technologies Pvt. Ltd.

All proposals have been accepted for incubation

¶ G k G ti l K l d P titi P t ¶ Geokno Geospatial Knowledge Practitioners Pvt. Ltd. (Recommended for 25 Lacs)

¶ Simplifix Automation Solutions Pvt. Ltd. (Recommended for 20 Lacs)

¶ Aarsh Management Solutions P Ltd. (Proposal to be redrafted))

¶ Hexo Labs Media Technologies P Ltd. (Rejected)

Prof Sundar Manoharan Department of ChE will set Prof Sundar Manoharan, Department of ChE, will set up his company named NanoCore Solutions P Ltd.

200

250

100

150

2009

0

50 2009

2010

Th ti ith I t ll t l V t A i P t Ltd (IV) The tie up with Intellectual Ventures Asia Pvt Ltd (IV) on this front has gained full force. They have picked up 11 inventions of IITK for evaluation under their scheme of RFI’s (Request for Inventions) for the purpose of patenting and commercialization. The evaluation pro ess ill take a o ple of eeksprocess will take a couple of weeks.

Agreement with Sanshadow consultants our  gempanelled patenting consultant is under progress for commercialization of 10 inventions IITK for which patent application has already been madepatent application has already been made.

Seed fund¶ TDB

- Sanctioned amount Rs.100 lacs- Disbursed amount Rs.40 lacs

Simmortel

IAITO

¶ TIDE-Sanctioned amount Rs.125 lacsDi b d R 32 l i J 2009-Disbursed amount Rs. 32 lacs in June 2009.

¶ TBI- sanctioned amount Rs. 250 lacs. Funds sanctioned for purchase of equipments in the field of IT and Innovative Technologies Rs.150 lacs over the period of 5 years.Disbursed amount of Rs 120 lacs in March 2009 Dr Nachiket Tiwari consulted for - Disbursed amount of Rs.120 lacs in March 2009. Dr. Nachiket Tiwari consulted for purchase of equipments to set up in 4-I lab.

¶ SIDBI CORPUS fund of Rs.2 crores has been renewed for the next years¶ y

¶ SIIC has also transferred Rs. 1 Crore to its existing corpus of 5 Crores making the total corpus available to 6 Crores. This amount was generated through income from charges levied on incubate companies savings in DPA and savings from interest charges levied on incubate companies, savings in DPA and savings from interest component over the last two years.

¶ Application for funds has been made under the scheme of DCMSME for ¶ Application for funds has been made under the scheme of DCMSME for business Incubator in the previous month. The same is under process and further correspondence from MSME is awaited

‡ IPEC meeting was convened on 27.08.09‡ 15 Inventions evaluated ‡ 11 Inventions sent to IV‡ 11 Inventions sent to IV‡ 4 will be processed through SIDBI for patenting

Following new innovators have been sanctioned in principle TePP grant from DSIR:from DSIR:

S.N

Name of the Innovator

Grant Sanctioned 

(Rs )

Grant received

Prototype

(Rs.)

1Mr. Rajiv Shankar Sinha 11,00,000 0

Automatic Cash Depositor

Mr Ram Sringar Robotic Starter Kit2

Mr. Ram Sringar Chauhan 50000 0

Robotic Starter Kit

Testing of Pollution control device, Dry 

3 Mr.C.M.Sen 400000 400000, y

scrubber at Arai,Pune

12 Innovators sanctioned TePP Grant for amount totaling Rs 74 84 lacs12 Innovators sanctioned TePP Grant for amount totaling Rs.74.84 lacs

¤ Pantry renovated¤ Pantry renovated¤ Electronic doors at reception

V di hi i ti l l th h t ¤ Vending machine is operational only through smart cardsN i i i t ll d i th h l b ildi¤ New wiring installed in the whole building

¤ Concrete seats installed in the Winter Lounge.¤ Split AC in all companies & reception¤ Exclusive Web Space/server for SIICp

¤ Renovation in RA hostel occupied by CEO of the incubate¤ Renovation in RA hostel occupied by CEO of the incubatecompanies is under progress.

¤ Electronic doors for pantry door & companiesN t l l t t b dd d f T PP O t h C t ¤ New metal name plates to be added for TePP Outreach Centre and Technical Business Incubator on the SIIC building front.

¤ Electronic Display board for the Incubates (information) at the p y ( )reception.

¤ Video conferencing machine to be installed by DST¤ Hand driers in the toilet ¤ Hand driers in the toilet ¤ Updation of SIIC webpage in progress and new smart features

to be added.

‡ Hexolabs' Mobile Antakshari had crossed the mark of 1 lacs subscribers in just 3 months. of 1 lacs subscribers in just 3 months.

‡ IAITO has achieved the ISO 9001: 2008 certification (Cert-No: I/QSC-3669 dated 07-07-2009) from (Cert No: I/QSC 3669 dated 07 07 2009) from Norsk Akkreditering, Norway.

‡ Dr. Sundar Manoharan promoter of NANO CORE ‡ Dr. Sundar Manoharan promoter of NANO CORE Sol. P Ltd. recipient of DST Lockheed Martin Innovation Awards.

‡ Recovery of dues from Aurora Integrated Systems P Ltd‡ Recovery of dues from Aurora Integrated Systems P Ltd.‡ Audited financials of SIIC for the year ended 2008 & 2009 is

in place . (Rs in lacs as given in table)Income Expenditure

2008 2009 2008 2009Expenditure 22.17 29.69Int. on Corpus  38 40.33

‡ Dues for facilities from the incubates upto previous Quarter is

Profit 28.08 20.49Income Incubates 12.25 9.85Total 50.25 50.18Total 50.25 50.18

‡ p pon track except for MSSPL & Aarsh Mgmt P. Ltd.

‡ Extra rooms occupied by IESPL & WRMSPL in RA hostel has been vacated Space allotted to new incubates been vacated . Space allotted to new incubates .

Current companies

S. No. Name of the Company Seed‐Fund Amount Paid Up Date of Disb. Due Date of Repayment

1Weather Risk Management Services Pvt. Ltd Rs. 15 Lacs Nil 14 Nov. 2006 13Nov. 20092Simmortel Voice Technologies Pvt. Ltd. Rs. 22.93 Lacs Nil 19 Feb. 2009 18 Aug. 20103IAITO Infotech Pvt. Ltd. Rs. 23.14 Lacs Nil 27 Mar. 2009 26 Sept. 2010

Graduated companiesGraduated companies

S. No. Name of the Company Seed‐Fund Amount Paid Up Date of Disb. Due Date of Repayment

1WHORL Engineering Solutions Pvt. Ltd. Rs. 1498178 Rs. 787683 6 Dec. 2004 5 Dec. 20072Multifacet Software System Pvt. Ltd Rs. 1498400 Nil 10 Nov. 2006 9 Nov. 20093Whirlybird Electronics Consultants Pvt. Ltd Rs. 14.5 Lacs Nil 6 Sept. 2005 6 Sept. 20084Zion Technology Labs Pvt. Ltd Rs. 6.88 Lacs Nil 6 Dec. 2004 5 Dec. 2007gy

Current companies

S. No. Name of the Company Dues  Dues SinceSince

1 Aarsh Management Solutions Pvt. Ltd. Rs. 53678 6 Months

Graduated companies

S. No. Name of the Company Dues  Dues Since

1 Multifacet Software System Pvt Ltd Rs 244916 2 Years1 Multifacet Software System Pvt. Ltd Rs. 244916 2 Years

S. N. Date Nature of Activity

1 08.01.09 Megabucks2 22.01.09 FICCI Workshop on IPR SENSITISING PROGRAMME3 26.02.09 Official SIDBI visit of Incubates in SIIC4 01.03.09 BigBuzz 2009 in collaboration with TIE Kanpur chapter5 21.04.09 Counseling on Venture capital to the Incubates by Shasha Mirchandani,MD, Blue Run

Ventures6 24.04.09 FEP talk for IPR by Shri Ananth Krishnan of Intellectual Ventures7 11.05.09 Advisory committee meeting8 17.06.09 Agreement entered with Intellectual Ventures for commercialization of IPR9 01.07.09 TePP Project Review Meeting of Mr. Brahm Dutt Awasthi10 08.07.09 Core Committee meeting11 01.08.09 Apex Advisory Committee Meeting12 19.08.09 Intellectual Ventures Presentation & Visit V.P (Mr. B J Arun)13 19.08.09 Prof. Feigin from Israd Institute of Technology, Haifa, Israd14 19.08.09 Luiza Novaes from PUC RIO, Dept. of De Artes & Design, Brasil15 21.08.09 TePP Project Review of Mr. Tapendu Mandal16 22.08.09 Malaysian Team17 27.08.09 IPEC Evaluation Committee Meeting18 23.09.09 Seed Capital & Business Incubation Evaluation Meeting