05 July 2019 | News
The startup is creating a lower limb exoskeleton in order to provide assistance to enable paraplegics to walk
Astrek Innovations, a startup from Kerela, incubated by Gurgaon based incubator Huddle, and provided acceleration support by HealthStart India has been selected to the Startup Chile program Seed G22 (Generation 22). As part of their selection, they would be receiving around 40,000 USD (25 Million Chilean Pesos) as an equity free grant over the next 7 months. The program’s portfolio is valued over USD $1.4 billion, adding Astrek to a cohort of esteemed ventures, that are picked from all parts of the world
Astrek Innovation, founded by Jithin Vidya Ajith and Robin Thomas is based out of Maker Village in Kochin, Kerala, and is supported by leading incubator and accelerator, Huddle and HealthStart, based out of Delhi NCR. Recent news showcased another one of Huddle’s incubated ventures, Trillbit, based in Bengaluru being scouted and supported by the TechStars program, thus adding Kerela based, Astrek Innovations, as part of the list of ventures being incubated and further recognized across geographies for their credible work. Astrek Innovations has previously gained recognition, awards, and grants by the Kerela Govt. for their work in creating a lower limb exoskeleton in order to provide assistance to enable paraplegics to walk, and are currently in the latter stages of development.
Robin Thomas, Co-Founder & CEO of Astrek Innovation will be leading the team in Santiago, Chile for the next 7 months with the aim of growing. Astrek Innovation would be part of a complete 6-month acceleration process which includes boards, pitch training, and workshops among other activities, and full access to a network of mentors, companies, investors, global partners, and alumni. The Kerela based team will also receive a work visa for one year so they can grow their business from Chile.
In addition, the best startups of each of the programs will be able to apply for an extension to access another 25 million pesos to stay in Chile doing business. This program has seen the emergence of innovative and impactful ventures, in which Astrek Innovations is a part of the esteemed list representing Indian ventures as part of Startup Chile.