Honeywell Supports Deep Science Startups and Tech Innovations with IISC

Honeywell has announced Honeywell Hometown Solutions India Foundation (HHSIF), the philanthropic arm of Honeywell, in partnership with IISc’s Society for Innovation and Development (SID). The initiative will support deep-science startups to encourage entrepreneurship and scientific innovations to support society. The objective is to bridge the gap that startups face between incubation and early seed investments.

This effort is part of Honeywell’s Startup Support Program, which has been in place for some years. The project also promotes more collaboration between industry and technology-based start-ups in order to advance innovations and achieve successful outcomes. The startups supported by the program range from cutting-edge healthcare start-ups such as Azooka Labs, HealthSeq Precision Medicine, Equine Biotech, Protein Design, Siamaf Healthcare, Mimyk Medical Simulations, PathShodh Healthcare, and Theranautilus to those in the sustainability space such as Openwater.in, among others.

In recent years, Honeywell’s CSR subsidiary HHSIF has financed nearly 30 companies. The majority of these firms are led by women or teams from underserved communities. These firms are dedicated to developing solutions in the sectors of biotechnology, healthcare, and nanotechnology that have the potential to provide advanced scientific answers to some of the most critical healthcare and environmental concerns.

Honeywell intends to include more professionals from the company in mentoring startups, improving their capacities and assisting them in scaling up.

In 2019, Honeywell partnered with IISC-SID to support science and technology startups, as well as Entrepreneurship-in-Residence (EIR) programmes that provide specific support to entrepreneurs who have the potential to offer solutions that can significantly address societal issues and challenges in healthcare and the environment. Honeywell has assisted in the incubation of around 30 businesses since 2019.

The startups supported by Honeywell and incubated at IISc-SID this year include MagHeals, IndiaSpeaks Research Labs, Dfine Bio-innovations, Reti Ecotech, 14Si Silcon Solutions, Ikshana Medical, Open MedLabs, Nature Wrks Technologies, and HEM Dimensions.