IIM Bangalore’s start-up incubator will focus on assistive technologies for people with disabilities

NSRCEL, the start-up incubation cell of the Indian Institute of Management, Bangalore (IIM-B), will launch a new start-up incubation program in the assistive technology sector for people with disabilities d September of this year.

Assistive technology programs for locomotor disability, neural disability and mental health will be focused on. The program is developed by inculcating from some of the existing programs that work in the field of assistive technology.

Anand Sri Ganesh, Chief Operating Officer, NSRCEL said Activity area that almost by definition space does not lend itself to organic scaling.

Building a high-value business with this type of product market definition is an almost unrealistic task. The market structure, customer access, availability of finance for the sector does not exist and the business models are very particular.

“A lot of foundational work is being done by the institution in partnership with others to translate offerings in a way that is commercially viable for a healthcare provider and also sustainable. To do this, we intend to introduce different models that could help businesses sustain and scale,” he added.

The incubator believes that in an ecosystem where healthcare providers would only trust highly proven technologies, innovative solutions from entrepreneurs should have safe spaces to test, experiment and bring product to market from evolutionary way.

The incubator already has companies operating in the disability sector. In the learning disabilities space, there are companies using AI and voice recognition to help overcome learning disabilities and working with tutors to enable them to be more effective in advising recipients. . There is also a company trying to overcome motor handicaps in the passenger car space.

In 2021-2022, 1095 companies were incubated in various sectors thanks to 12 distinct programs. In the next fiscal year, the incubator intends to increase the number of programs to 16. It also aims to double the number of companies to be incubated by next year.

Published on

July 10, 2022

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