AYANSH — TIH-IoT Start-ups and Spin-offs Program
A programme by TIH IIT Bombay
A rolling grant call with two tracks — an Ignition Grant for student founders and a Spin-off Grant for startups adding an IoT product line.
At a glance
| Best for | Student founders with an IoT idea, and startups adding a new IoT product line |
|---|---|
| Stage | Idea – MVP |
| Duration | Up to 3 years |
| Cost | Free, no equity |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
About AYANSH — TIH-IoT Start-ups and Spin-offs Program
Ayansh is TIH's grant route, and the only one open continuously: applications can be submitted at any time. It has two tracks. The Ignition Grant is for students and research scholars with a startup or a startup idea, to take that idea to a prototype and then towards commercialisation. The Spin-off Grant is for an existing startup that wants to spin off a new product line in IoT. Funding runs against agreed milestones for up to three years, and a small share may be set aside for contingencies.
What you get
- Initial funding assistance, disbursed against milestones over up to three years
- Business support services
- Support in commercialising the innovation
- A chance at a next level of funding
Who can apply
- Ignition Grant: undergraduate or postgraduate students and research scholars enrolled at AICTE or UGC approved institutes, who have a startup or a startup idea, and who are registered with a recognised incubator for pre-incubation or incubation or will register within a stipulated period
- Spin-off Grant: any startup, applying through a designated project leader who is one of the promoters
- Both: IoT technology in the core product, service, business model, distribution model or methodology; the startup recognised by DPIIT or eligible for it; at least 51 per cent Indian promoter shareholding
How selection works: shortlisted applicants may be called for a pitch presentation, in a prescribed format submitted with the application.
How to apply: through the Apply button on the programme page, with milestones, a budget and a milestone-based disbursal schedule in the prescribed format. Students also need a faculty advisor consent letter and either a letter of affiliation or intent from a recognised incubator or an undertaking to get affiliated. Startups need an endorsement letter, certificate of incorporation, memorandum of association, company PAN, DPIIT recognition or an undertaking, and the last three years' financials if applicable. Queries go to entredevelopment@tihiitb.org.
Where to apply
Other TIH IIT Bombay programmes
- Aarohan — TIH IIT Bombay Seed Support ProgramTIH's seed investment programme for IoT startups, taken as equity or compulsorily convertible preference shares, run in dated numbered rounds.
- TIH-IoT Entrepreneur in Residence (EIR) ProgramA monthly fellowship grant for up to twelve months for an aspiring founder working full time on an IoT business idea, with no company required.
- ATMAN — healthtech acceleratorAn eight-week accelerator that takes early-stage healthtech startups to a demo day; the third edition has closed, so watch for the next one.
- Grand Challenges and CompetitionsA two-stage ideation-then-prototype competition on an IoT theme, open to individuals as well as startups; no call is currently open.