TIH Foundation
TIH Foundation is a Section-8 not-for-profit Technology Innovation Hub at IIT Bombay, established under India's NM-ICPS mission, that develops IoT products and runs grant, fellowship, and accelerator programs for agritech, healthcare, industrial IoT, fintech, and generative AI (BharatGen) beneficiaries.
- Company typePrivate
- Founded2020
- HeadquartersMumbai, India
- Headcount51–100
- GTM typeB2B
- OfferingServices
What TIH Foundation does
TIH Foundation for IoT & IoE (operating as TIH at IIT Bombay) is a Section-8 not-for-profit Technology Innovation Hub established under India's National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS), implemented by the Department of Science and Technology. Headquartered at IIT Bombay's Powai campus in Mumbai, the organization is structured as an aggregator of IoT technology across five vertical application areas (agriculture, healthcare, industrial IoT, defence & security, smart education), augmented by a fintech AI portfolio (CREDIT AI, VIVEKA MIND AI, Smart Hiring) and the BharatGen generative AI initiative run as a multi-IIT consortium.
The technology portfolio consists of in-house developed agritech IoT products (iSARATHI mobile/web app for crop management, SAMADHAN field-monitoring system, SOHAM offline soil sensor, Eeshanya/Hexa field-mapping solutions, VECTOR autonomous skid-steer rover, SAMBHAV, GR2), AI/ML pipelines for computer-vision-based crop disease detection, and the BharatGen foundation-model program covering text, image, and multimodal modalities with India's linguistic and cultural data. Operationally, TIH runs a layered program stack: technology development (TDP grants up to Rs 50 lakh for 18 months), startup support (Aarohan up to Rs 1 crore equity, AYANSH up to Rs 10 lakh ignition/spin-off grants, PRAYAS pre-incubation, EIR fellowship at INR 30,000/month, ATMAN accelerators including ATMAN 3.0 healthtech), human resource development (CHANAKYA fellowships at UG/PG/PhD/Postdoctoral/Faculty levels), and skill delivery via Coursera and Edzor training centers.
Commercially, TIH is grant-funded rather than revenue-driven: DST/NM-ICPS mission allocation is the primary inflow, with secondary revenue from professional certification course fees, pass-through fellowship stipends, and equity stakes in portfolio startups. Customers/beneficiaries span IoT startups (15+ supported including Ayu Devices, Godaam, Neoperk, WeatherCast), academic researchers, students, and enterprise partners under collaboration MoUs (Bajaj Electricals, Poonawala Fincorp, Motilal Oswal), plus international partners including the US NSF. Leadership comprises CEO Kiran Shesh, COO Hardik Joshi, and CTO Dr. Prasad Ramanathan.
TIH Foundation firmographics
Firmographics- Name
- TIH Foundation
- Legal name
- TIH Foundation for IoT & IoE
- Website
- https://tihiitb.org
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TIH Foundation is a Section-8 not-for-profit Technology Innovation Hub at IIT Bombay, established under India's NM-ICPS mission, that develops IoT products and runs grant, fellowship, and accelerator programs for agritech, healthcare, industrial IoT, fintech, and generative AI (BharatGen) beneficiaries.
- Ownership category
- akta.pro rank
Where TIH Foundation is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
TIH Foundation business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Government Grants and DST Funding: Primary funding from Department of Science and Technology (DST), Government of India under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). As a Section-8 not-for-profit company, operational funding comes through government grants and mission allocations.
- Training and Certification Program Fees: Revenue from professional certification programs including IoT courses (₹23,600 for professionals, ₹17,700 for students), and partnership programs with Edzor for technology skill development courses
- Seed Investment Returns: Aarohan seed support program provides up to Rs 1 crore as seed support in the form of equity (CCPS), generating potential returns through startup equity appreciation
- Technology Development Grants: Project grants up to ₹50 Lakhs for 18 months provided to academia for indigenous sensor development with IP jointly owned by TIH-IoT and grantee
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | One-time | Interactive IoT Lab - Professional |
| One time/ perpetual license | One-time | Interactive IoT Lab - Student |
| Subscription | Monthly | Introduction to IoT (Coursera) |
| Other | Monthly | CHANAKYA UG Fellowship |
| Other | Monthly | CHANAKYA PG Fellowship |
| Other | Monthly | EIR Fellowship Grant |
| Other | Monthly | Chair Professor Honorarium |
| Other | Monthly | Post-Doctoral Fellowship |
| Other | Multi-year contract | TDP Project Grant |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
TIH Foundation product offering
Product offeringCore offering
No source content was provided describing what TIH Foundation fundamentally does or sells.
Product overview
TIH Foundation (Technology Innovation Hub at IIT Bombay) operates as a Section-8 not-for-profit company under India's National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). The organization functions as an aggregator of IoT technology offering a portfolio of in-house developed products and programs. Core products include agricultural IoT solutions (iSARATHI, SAMADHAN, SOHAM, Eeshanya, VECTOR, Hexa, SAMBHAV, GR2) and fintech AI solutions (CREDIT AI, VIVEKA MIND AI, Smart Hiring), all connected through the overarching BharatGen generative AI initiative. The organization also supports the innovation ecosystem through programs including Technology & Product Development (TDP), ATMAN 3.0 accelerator, CHANAKYA Fellowship, Aarohan Seed Support, AYANSH, EIR Program, and PRAYAS pre-incubation initiatives, alongside professional certification partnerships with Edzor and IoT courses via Coursera.
Differentiator
Problem solved
Functional benefit
Brands
- BharatGen: An initiative by BharatGen Consortium to create pioneering Generative AI Technology with a soft digital AI infrastructure attuned to India's socio-cultural landscape. A project under TIH IIT Bombay under NMICPS.
- iSARATHI
- SAMADHAN
- SOHAM
- EESHANAYA
- VECTOR
Quantifiable outcome
- Agritech impact metrics: hectares covered, systems deployed, locations covered, pesticide usage reduction percentage
- +2 more outcomes
Companies that use TIH Foundation
Customer profileNamed customers19 records
Segments8 records
TIH Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability11 records
Feature7 records
TIH Foundation partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered core and minor.
- Bajaj ElectricalscoreMoU signed for technology collaboration and potential commercialization of IoT solutions.
- National Science Foundation (NSF)coreUS-India Collaborative Research Program supporting joint research in AI, data science, edge computing, computer vision, IoT, and controls with applications in agriculture, health, climate, robotics, and manufacturing. NSF organized two-day workshop in March 2022 uniting 100 scientists from US and India.
- Directorate of Naval DesignminorCollaboration with Submarine Design Group for defence-related IoT applications and technology development.
- VSI (Vishwaniketan Sustainability Innovation)minorEcosystem partner for sustainability and innovation initiatives.
- Deshpande StartupsminorEcosystem partner providing startup ecosystem support and collaboration.
- IITB Monash Research AcademycoreJoint research academy between IIT Bombay and Monash University for collaborative research programs.
- VJTI TBIminorTechnology Business Incubator partnership for startup support.
- Sine (Society for Innovation and Entrepreneurship)coreIncubation partner for ATMAN accelerator program. Provides startup incubation support and mentorship.
- IIT RoparminorCollaboration with IIT Ropar for research and technology development initiatives.
- NRCG (National Research Centre for Grapes)minorCollaboration for agricultural technology development, particularly grape cultivation monitoring.
- DOGR (Directorate of Onion and Garlic Research)minorAgricultural research collaboration for IoT solutions in onion and garlic farming.
- ICAR (Indian Council of Agricultural Research)coreGovernment agricultural research body partnership for Agri IoT solutions and technology validation.
- Poonawala FincorpcoreMoU signed for fintech solutions collaboration including AI-powered financial services.
- EdzorcorePartnership for delivering professional certification programs in Data Science, Cloud Computing, DevOps, Full Stack Development. Edzor operates training centers across India in Gurugram, Noida, Bengaluru, Bhopal, Pune, Hyderabad, Visakhapatnam.
- ISBAminorEcosystem partner for ATMAN 3.0 providing startup ecosystem connections.
- Bhashini (Digital India Bhashini Division, MeiTY)coreBharatGen Consortium partner for digital AI infrastructure with focus on India's linguistic diversity and Bhashini platform integration.
- IIT MadrascoreBharatGen Consortium partner represented by Prof. V. Kamakoti for generative AI development.
- IIT HyderabadcoreBharatGen Consortium partner for AI research with Prof. Mohan Raghavan and Prof. Maunendra Desarkar.
- IIT MandicoreBharatGen Consortium partner represented by Prof. Rohit Saluja.
- IIT KanpurcoreBharatGen Consortium partner represented by Prof. Arnab Bhattacharya.
- IIIT HyderabadcoreBharatGen Consortium partner represented by Prof. Ravi Kiran.
- IIM IndorecoreBharatGen Consortium partner represented by Prof. Aditya Maheshwari for management and strategy aspects.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
TIH Foundation competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Customer concentration
TIH Foundation social profiles
Digital presenceTIH Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
TIH Foundation leadership team
Management profileNumber of profiles
TIH Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TIH Foundation M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TIH Foundation
What does TIH Foundation do?
No source content was provided describing what TIH Foundation fundamentally does or sells.
Is TIH Foundation a public or private company?
TIH Foundation is a private company. It is classified as unknown and is currently operating.
When was TIH Foundation founded?
TIH Foundation was founded in 2020. It employs 51 to 100 people.
Where is TIH Foundation based?
TIH Foundation is headquartered in Mumbai, India, in the Asia region.
How does TIH Foundation make money?
Four revenue lines are on record. Government Grants and DST Funding is the primary driver. The others are training and Certification Program Fees, seed Investment Returns and technology Development Grants.
Does TIH Foundation have an API?
No public API is recorded for TIH Foundation.