22 April 2024 – For its most recent deep sciences study, Honeywell has teamed up with the Indian Institute of Science (IISc) and the Foundation for Science, Innovation and Development (FSID). In order to do this, the business has given 37 Indian startups access to research and funding. Over the last four years, Honeywell has provided funding totaling Rs 9 crores.
Honeywell provided Rs 2.4 crores in funding for 8 startups and 5 entrepreneurship-in-residence programs (EIRs) in FY23–24, with an emphasis on agri-tech, clean-tech, health-tech, and green-tech.
Honeywell supports deep science startups with research assistance and startup money via this partnership.
Conclusion
The partnership not only offers them seed capital but also offers access to Improved facilities, connection with industry stakeholders and government bodies, a global network of High Net Worth Individuals (HNIS), Angels, Venture Capitalists (VCs), as well as micro and small and medium enterprises (MSMEs) in India. In FY23-24, Honeywell and IISc’s collaborative benefits were extended to health/med-tech companies like Papyrus Diagnostics Private Limited, Akumen Artificial Intelligence, Hoyasan Labs Pvt Ltd, Cellsion Technologies Pvt Ltd and Easescan MedTech Private Limited and to agri-tech companies like Kaiza Tech and Green Collar Agritech; as well clean-tech startup Mushloop Pvt Ltd.
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