IIIT-H CREATES SEED FUND NETWORK

Hyderabad: IIIT-Hyderabad on Thursday announced the creation of a seed fund network to invest in tech startups in its incubator and elsewhere. However, it did not disclose the fund size. The fund will be from a network of investors comprising of tech professionals and entrepreneurs, International Institute of Information Technology-Hyderabad said. It will invest in early stage tech startups involved in technologies like machine learning, computer vision, robotics, AR/VR, natural language processing and other sub-domains of artificial intelligence among others, it said. The primary source of startups will be the various accelerator programs run by the Centre for Innovation and Entrepreneurship in IIIT-H and domain specific startups and seeding initiatives that will be taken up by the Centre. Additionally, regular investment pitch days will be organised to scout for interesting early stage tech startups, it said.