IIIT-Hyderabad to fund three innovative startups - The New Indian Express

HYDERABAD: At a time when most of the startups are focusing on solving fairly shallow problems, Avishkar, the start-up accelerator programme of International Institute of Information Technology, Hyderabad (IIIT-H) on Friday took three companies under its wings to encourage entrepreneurs who are into solving deep-tech problems. Screened from about 140 applications across the world, the top three companies are all set to form the first batch of the six-month long programme. The selected startups will now work closely with the Avishkar team and the faculty members of IIIT-H labs and other partners over the next six months to get to a level of investment-readiness that will launch them to the next stage of their journey. "We are a four-month-old company trying to build a virtual personal stylist for women. Through our app, we want to offer all the services that a stylist offers to women. In other words, we want to create artificial intelligence (AI) of a personal stylist. The best part about Avishkar is that unlike many accelerators, the programmes here are personalised for each and every startup and would be helpful for us to grow faster," Komal Prajapati, founder, Fabulyst, said.