IITB Startups in the News - June 12
Tarun Mishra heads Covacsis, a technology start-up located on the IITB campus, which has built a solution called ‘Real time production diagnostics (RTPD)’ which "helps organizations avoid inevitable changes on the production floor" | Dr. Chandrashekar from Vision Healthcare provides clean river quality water at a lower cost | Anil Bahuman is hoping to release the stress farmers face every year as they wait for the seasons to change having co-founded Agrocom a spin off from IIT Bombay.
After heading the financial product business of a Canadian company for four years, Tarun Mishra called it quits in 2003 to realise the dream he nurtured since graduation days at the Indian Institute of Technology, Bombay (IIT-B).
Today, Mishra is 35 and heads Covacsis, a technology start-up located on the IIT-B campus, which has built a solution called ‘Real time production diagnostics (RTPD)’ which "helps organisations avoid inevitable changes on the production floor". While shop-floor managers might miss the intermittent breakdowns and thousands of granular production, cost fluctuations, etc on the floor, Covacsis’ RTPD helps managements understand the impact of each and every incident on the top-line and bottom-line and respond to such incidents in the shortest possible time.
Mishra’s company has been incubating at IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) for the past three years. SINE provides facilities to entrepreneurs at a subsidised rate. The model at IIT-B is simple. It is based on equity-cum-royalty model. The institute takes a minority stake of 8 to 10 per cent in each of the firm that incubates. Once the company gets an angel funding IIT-B liquidates part of its holding ... more.
Dr Chandrashekar from Vision Earthcare articulated the limitations of existing STPs and how an ecological method which is Soil Biotechnology (SBT) based STPs, researched for over two decades at IIT-Bombay, provides clean river quality water at a lower cost. Vision Earthcare, incubated in IIT Bombay, has licensed this method for deployment globally ... more.
Anil Bahuman, MD Agrocom: The 32-year old Anil Bahuman is hoping to release the stress farmers face every year as they wait for the seasons to change. Armed with a degree in artificial intelligence from the University of Georgia in the United States, Anil along with Dr Krithi Ramamritham developed aAQUA or almost all questions answered in 2003. Connecting agricultural experts to rural farmers through his innovation, Anil co-founded Agrocom a spin off from IIT Bombay that been replicating the aAqua model in 15 states since 2006. The venture has also installed 30 weather monitoring stations in Nashik and today reaches out to two lakh farmers. But offering solutions to this diverse underserved market has its own challenges ... more.
