NIDHI - CoE (Center of Excellence)

Technology based new enterprises are high risk and high growth ventures, and they require an enabling environment like NIDHI-Centre of Excellence (NIDHI-COE) to enhance the prospects of their success. So far, a network of more than 150 STEPs/TBIs supported by the DST exists across the country, which have nurtured over 4000 startups. To further augment and scale up existing incubation activities in TBIs, the Department provides an enhanced support of Rs.50 crore in 5 years for setting up of these CoEs. The ongoing five NIDHI-CoE (Centre of Excellence) are at PSG-Science & Technology Entrepreneurial Park (PSG-STEP) at PSG-College of Technology, Coimbatore, SINE IITBombay, CIIE-IIM-Ahmedabad, TBI-Veltech University and EDC NCL-Pune. In 2021-2022, two more NIDHI-CoE support is in progress:- FIIT, IIT Delhi and T-Hub, Hyderabad.

Few success stories from NIDHI CoE:

1. Jai Kisan: Rural Focussed Neo Bank

Incubated at:   CoE at CIIE, IIM Ahmedabad

Jai Kisan is a rural focussed Neo Bank, whose application - “Bharat Khata '' provides a one stop solution for rural businesses and individual's financial needs with best suited credit products. It partners with equipment dealers, agriculture retailers, collection centers and market linkage platforms, to directly provide credit to farmers, working in the agriculture, poultry and dairy value chain. Like most fintech startups, Jai Kisan has so far relied on its banking and other financial institutions to finance credit to businesses, however, Jai Kisan will now finance 20% of all loans by itself.

    • round in May 2021, led by Mirae Asset, Syngenta Ventures, and its existing investors Blume Ventures, Arkam Ventures, NABVENTURES, Prophetic Ventures and Better Capital. Prior to that, Jai Kisan had raised ∼INR 52 crores ($7.46Mn) in its seed round.
    • Jai Kisan had been disbursing close to INR 8 -12 crore in credit on a monthly basis, with average ticket sizes ranging from INR 50,000 to 1 lakh.
    • The Bharat Khata service, which was launched in April 2020, captured more than $380Mn of annualized GTV run-rate across over 25,000 storefronts in FY21.

    2. MyLab Discovery Solutions Pvt. Ltd

    Incubated at:   CoE at NCL Venture Centre, Pune
    India's first CDSCO approved indigenous RT-PCR & antigen tests for COVID-19. First Indian company to develop RT-PCR kit for COVID-19 at one fourth the price of imported solutions. Developed India’s first self-test diagnostic kit CoviSelf.

    India’s first self-test diagnostic kit – RT CoviSelf
    RT-PCR Patho Detect Covid-19 Qualitative PCR Kit
    • Mylab is first company in Asia & second in the world to develop ID-NAT testing to ensure that donated blood is not infected with HIV, HBV, and HCV infection
    • Test kits and machines used in more than 290 countries including the SAARC nations, European Union, and North America.
    • ICMR-approved and NABL certified mobile testing labs powered by India’s first fully automated extraction + PCR-ready system, Compact XL which can conduct more than 1000 tests / day.
    PadCare Labs Pvt. Ltd.

    Incubated at:   CoE at NCL Venture Centre, Pune

    PadCare is a smart hygiene management solution that completes the loop of the menstrual hygiene economy starting from the accessibility of Menstrual products to generating recyclable output out of soiled pads

    PadCare van                                       
    Adoption of the PadCare recycling unit by SBI

    PadCare’s sanitary pad recycling unit

    • 10000+ pads being recycled every month
    • Uplifted washroom hygiene for 4000+ female beneficiaries and safeguarding them from UTIs.
    • 5000 kgs+ Carbon emissions reduced
    • Adopted by global corporates like P&G, Mahindra Group, Raymond, JSW, and Cummins.
    • Pioneering 5D recycling technology has been acknowldeged with Indian Patent as well as MPCB certification
    • Seed Investee company of Venture Center, BIRAC-SOCH & Cummins & PubMatic CSR grantee.

    3. ImmunoAdaptive Cell Therapy Pvt Ltd.

    Incubated at:   CoE at SINE, IIT Bombay

    Immunoadaptive Cell Therapy Private Limited (Immune ACT ) is a pioneer in the field of cell and gene therapy and aims at revolutionizing cancer treatment in India by developing newer technologies for cell therapy and immunotherapy applications . Recently, they have developed an indigenous, novel, and efficacious living drug called the Chimeric Antigen Receptor T cell (CAR T) therapy against B cell leukemia expressing CD19 antigen.

    • The company has started the Clinical trials for blood cancer treatment along with Tata Memorial Centre. This will make the most sophisticated therapy in cancer treatment affordable in India.
    • Raised funds of Rs. 55.75 crores from Laurus labs and their senior management.

    4. Go Floaters (SMBSure Business Solutions Pvt Ltd)

    Incubated at:   CoE at VelTech, Coimbatore

    Go Floaters is pioneering a new paradigm of workspaces that we call “on-demand workspaces” and it’s Work from Anywhere Platform. Go Floaters is building a fundamentally new way of working for mid-sized companies, startups, independent professionals and for remote workers. Go floaters provide on-demand, affordable, flexible, and hassle-free work and meeting spaces that can be booked when you want, where you want and for the time you want.

    Gofloaters app design and layout

    • INR 50 Lakhs from Friends and Family/INR 10 Lakhs (loan from DST)/StartupTN TANSEED Grant for 2021. StartupTN Open Innovation Challenge Winner/Global Top 100 startups at XPitch.
    • Gofloaters received the TANSEED grant from Honourable CM today at the secretariat
    • Have clients such as: Notion Press, Think Music, Cisco, Charge bee, Decathlon, Home Lane

    5. Regeno Ventures Pvt Ltd

    Incubated at:   CoE at VelTech, Coimbatore

    Regeno Ventures Pvt Ltd was established in the year 2017 with a key vision to reduce plastic pollution by bringing in eco-friendly, sustainable, biodegradable, home compostable and fully recyclable alternatives to synthetic single use plastics. The solutions developed dissolve rapidly in hot water ensuring safe and efficient disposal. The solutions developed are non-toxic and are thus safe if accidentally consumed by animals and marine life. The solutions offer attractive mechanical and barrier properties (oxygen, water vapour and corrosion) which are comparable to synthetic plastics and thus can be chosen as a suitable alternative for packaging applications.

    Sample Regeno Bags

    • Winner of Atal New India Challenge (ANIC), a flagship event under Atal Innovation Mission-NITI Aayog
    • Winner of Tamil Nadu Grand Idea Challenge (TNIGC), Government of Tamil Nadu
    • The startup ahs clocked in a turnover of INR 1.6Cr.
    • Customers/ Clients of the company include Jack and Jones, Industry of all Nations, Max, Suta, Flipkart, and Subway
    • The firm has since satisfied customers to the tune of 150 tons with clients including businesses in the hospitality sector, healthcare sector, merchandise and textile packaging sector and local government bodies.
    • The solution is certified by The Central Institute of Plastics, Engineering and Technology (CIPET) for biodegradability according to ISO 17088.


    NIDHI TBI are ecosystem institutions that are a one stop solution for the start-ups in their early vulnerable years. TBI’s support is invaluable in supporting and nurturing a start-up by providing access to critical resources during their most vulnerable stage in their lifecycle. TBI’s assume the role of an implementing agency for the diverse government. Schemes and programs. Apart from that, they also have the freedom of an autonomous entity to effectively support startups with commercialisation and marketing assistance.

    Few success stories from NIDHI TBI:

    1. Satin Healthtech

    Incubated at: DERBI Foundation, Bangalore

    Cervisense is a portable, non-invasive point-of-care imaging device for quick, enhanced and automated Cervical Health Examination and Cancer Screening. Cervisense comprises a digital imaging device, an android-tablet application and a web application.

    Cervisense: portable, non-invasive point-of-care imaging device

    • The imaging device uses advanced optical techniques to capture high-quality magnified images of the cervix for better visualization and enhanced diagnosis.
    • The images are then processed using the software, which allows the gynecologists and healthcare workers to add patient details, diagnosis, examination notes and annotations for biopsy sites.
    • The system then generates an automated visual report for patient counselling, case-referrals and treatment-follow-ups.
    • The startup has a recipient of  Nidhi Prayas Prototyping Grant – Rs. 10,00,000/-
    2. Constems.AI

    Incubated at: IIM Lucknow - EIC (IIML Incubator)

    Constems.AI has expertise in developing high-performance AI-based machine vision & vision-based inspection systems to ensure quality inspection and availability of consumer goods in the manufacturing and retail sectors. For manufacturing, the  SaaS with Edge system ensures AI based quality check on consumer goods products which ensures zero defect products reaches the end consumers, additionally, real-time OEE reports and RCA tools provides enhanced predictive and forecasting access to Quality teams. While the SaaS based product for retail, Image analytics Artificial Intelligence (AI) enabled product provides real-time availability, tracking and analytics to enhance Retail store sales.

    Constems.AI machine vision & vision-based inspection systems

    • The startup has raised 5.00 Cr. [From IIML (EIC), SINE (IITB), HPCL and ONGC].
    • The key clients & strategic partners of the startup include MS Azure, Tech M, ITC, P&G, Kantar
    3. VDT Pipeline Integrity Solutions

    Incubated at: IIM Lucknow - EIC (IIML Incubator)

    VDT is an indigenous R & D Company  providing Pipeline Integrity tools having two patents in the same field. VDT is determined to give fantastic products and services that combine up with esteem valuing, while at the same time building up an effective, sound & long term association with our customers, clients and suppliers.

    VDT pipeline integrity tools

    • Key clients & strategic partners of the startup include GAIL ONGC, Oil India, BPCL, HPCL, IOCL, Assam gas, Reliance, Adani etc.
    • The startup has raised funding of Rs. 6.24 Cr [From GAIL and ONGC].

    4. Health Sensei

    Incubated at: COEP's Bhau Institute of Innovation Entrepreneurship & Leadership

    Health Sensei provides Continuous CCU Monitoring of patient care data from any ICU monitor direct to mobile. Health Sensei facilitates improved quality of patient monitoring & patient safety, saving up to 5h/ ICU/ day through automated vitals charting and providing better care with automated early alerts.

    Health Sensei hospital monitoring unit

    • The startup has completed 35 integrations with medical devices and completed 14 pilot implementations
    • Health Sensei has also successfully completed 10 Paid Hospital implementations and installed bed capacity of 126 with Annual Recurring Revenue close to 10 lakhs.
    • Won Stanford seed spark out of 86 Startups (2nd place winner)

    5. WeHear

    Incubated at: GUSEC - Gujarat University Startup And Entrepreneurship Council

    WeHear is changing the way people listen, one headpiece at a time. Its innovative headphones make use of bone conduction technology which conveys sounds directly to the brain, completely eliminating the use of ears. Their current product, WeHear OX provides an open-ear and health-friendly hearing experience as an alternative to current earphones/ headphones. It bypasses the physical ear system and doesn’t damage your physical ears even on the longer period of usage.

      • In July 2021, the startup raised funds worth Rs 1.25 crore in a pre-series A round of funding from two investors, a Faridabad-based firm, Victora Group (invested an estimated Rs 1 crore) along with GUSEC through NIDHI SSS - with a funding of Rs 25 lakh. This elevated WeHear’s valuation at Rs 5 crore.
      • With GUSEC’s support comprising patent-filing support, exclusive mentorship and free co-working space, WeHear was able to publish a patent, generate 55+ jobs and also revenue of over INR 62 lakhs through their innovative endeavour.

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