NextSense: From Innovation to Impact in Sensing and Metrology Program (India)

NextSense is a focused initiative driving the next wave of entrepreneurship development in quantum sensing and metrology.

NextSense: From Innovation to Impact in Sensing & Metrology is an initiative by Qmet Tech, IIT Bombay for promoting startups working in quantum sensing and metrology domain.

Focus Areas

• The preferred focus areas include but are not limited to:
  • Quantum Inertial Navigation System
  • Gravimeter
  • Thermal Sensors
  • Quantum Biosensors
  • Peripherals related to quantum sensors
  • Any other areas in Quantum Sensing, Imaging and Metrology
  • Precision Machining

Support

• Mentorship
  • Business and Technical mentoring from experts
• Infrastructure
  • Access to facilities, labs, technology resources of Qmet Tech as per its policies
• Funding
  • Startup Stage: Idea to POC – Up to ₹1 Crore
  • Startup Stage: POC to product/customer pilot – Up to ₹5 Crores
  • Startup Stage: Scale up of technology, product development and commercialization – Up to ₹25 Crores

Eligibility Criteria

• Registered Startup
  • A startup, should be registered by DPIIT at the time of application. If not registered, funds will only be released after successful registration by DPIIT.
• Go to Market Plan
  • The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling in the quantum sensing and metrology domain.
• Tech Enabled
  • The startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
• Nation First Approach
  • Only for ‘Indian Companies’ defined as ‘holding company registered in India’, and ‘IP resides in India’, and ‘majority owned in India’.
• Ownership
  • Shareholding by Indian promoters in the startup should be at least 51%, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

For more information, visit Qmet Tech.