BENGALURU: A clean technology firm, focusing on building hybrid cars that allow you to switch between electric and internal combustion engines at the switch of a button, was one of the three Bengaluru startups that won big at BITS Pilani’s Conquest.
Of the 15 startups, shortlisted from over 1,500 applications, four have been selected to receive an equity-less grant of Rs 30 lakh each. Of these, three are from Bengaluru. Winners were chosen based on three categories or tracks -- Pan India, BITSian and Web3.0.
Green Tiger Mobility, the cleantech firm, and Daffodil Health, a healthcare startup, won in the Pan India Track, where participants were invited from across the country. Green Tiger is working on developing a hybrid vehicle, while Daffodil Health is a behavioural healthcare platform aimed at children.
The latter aims at giving parent-mediated therapy to children with behavioural and developmental disorders like autism, ADHD, dyslexia and others. Conquest, run by around 30 engineering students from BITS Pilani’s Centre of Entrepreneurial Leadership, is the first and largest student-run startup accelerator, hosting programmes every year to help startups get funding and mentors.
The Demo Day for the 18th edition of the accelerator programme was held in Bengaluru on Sunday, with 15 startups shortlisted to pitch their ideas to a panel of investors, industry leaders and others. Another Bengaluru-based company StreamMoney won in the Web3.0 Track, where the focus is on startups developing or utilising technology related to Web3.0. StreamMoney focuses on the ability to transfer conditional ownership of non-fungible tokens (NFTs).
The startup is working towards making a utility protocol, allowing NFT owners to rent out or allow ticketing or subscriptions of their NFTs. This allows owners to add in a utility contract with their NFTs that allows access to their tokens for a limited period of time.