EPAM Social Impact Innovation Fund and EPAM Systems, Inc. selected seven startups for the program .
Hyderabad (Telangana) (PRNewswire) — The EPAM Social Impact Innovation Fund and EPAM Systems, Inc., a leading digital transformation services and product engineering firm, have selected seven startups for the program, emphasising the importance and urgency of the initiative.We at AIC-IIITH are proud to be a part of the same.AIC-IIITH has run 5 cohorts and supported 38+ startups to date with incubation funding of INR 2+ Cr.Startups with AIC-IIITH are solving pressing problems in areas such as agriculture, education, accessibility, waste management, and have produced 300+ jobs.
Startups will also be able to leverage the expertise and expertise of the Center for Innovation and Entrepreneurship (CIE), the IIITH's deep-tech incubator.CIE is one of the oldest TBIs in the country and has supported over 200+ startups with incubation assistance and INR 6+ Cr of funding, said Shamilka Samarasinha, Global Head of Corporate Social Responsibility at EPAM Systems, Inc. We are making a difference together to help India achieve their UN Sustainable Development Goals 2030.The selected startups are creating opportunities for India to address a variety of environmental issues by using technology advances and entrepreneurial risk-taking.These start-ups include:MedCuore Medical Solutions Pvt. Green Trek Research and Development Pvt.Ltd is also helping to reduce CO2 emissions and gas emissions by recycling steel waste.Greenovate Solutions Pvt.Ltd is utilizing carbon capture and usage technologies to help the chemical and petroleum industries achieve their carbon pollution reduction targets and become net-zero. Ltd offers custom pre-consumer textile waste management products that aim to bridge supply chain gaps, integrate informal waste workers into the workforce, and promote a circular economy.Zodhya Technologies Pvt.Ltd offers a device that cuts energy costs with zero operational disruptions using an AI-based strategy.Envoprotect LLP offers a technology to convert plastic waste from paper mills into electricity, creating a cleaner, low-carbon economy. Ltd is a manufacturer of commercial and residential air purification equipment, dust collectors, and a wide variety of other products.About AIC-IIITH Foundation The Atal Incubation Center is a venture capital organization established to foster and support tech-based social enterprises.AIC-IIITH FOUNDATION, which is funded by the Atal Innovation Mission, NITI Aayog, and the Government of India, aims to utilize entrepreneurial energy and technological innovation for social benefit to support India's achievement of the SDGs.It also aims to improve the social enterprise ecosystem by serving as a platform for exchange of ideas and insights.With over 10,000 square feet of floor space consisting of co-working spaces, conference rooms, meeting space, and other facilities, AIC-IIITH FOUNDATION aims to provide collaborative space to entrepreneurs by virtue of its location in the IIIT-Hyderabad Center for Innovation and Entrepreneurship (CIE), which is a cluster of incubator centers, research labs, and resources. For more information, please visit our website: For more information, please contact EPAM's worldwide multi-disciplinary teams help make the future come true for clients and communities around the world by providing better business, education, and health platforms that connect people, improve experiences, and improve peoples lives.EPAM's innovative strategy, integrated advisory, consulting, and design capabilities, as well as a unique Engineering DNA, was named to the S&P 500 in 2021 and 2022.EPAM is a well-known leader on the Fortune 1000 in Information Technology Services, and has been named as the top IT services company on Fortune's 100 Fastest Growing Companies list four times.For three consecutive years, EPAM has been named in Ad Age's Top 25 Worlds Largest Agency Companies, and Consulting Magazine named EPAM Continuum a top 20 Fastest Growing Firm.