- AT Private Limited, a startup incubated by FMCIII, has secured a $2.5 million investment from Filtrum LLP for the development of smart meters as part of the Smart Meter National Program.
- The funding announcement was made by Bhausaheb Jadhav, Executive President of Marathwada Mitra Mandal, at an event attended by key figures in the industry.
- FMCIII, in partnership with Tata Technologies Limited and the Science and Technology Park, provides essential infrastructure and support for startups, including laboratories, offices, and funding opportunities.
- The investment in SAT reflects FMCIII’s commitment to fostering entrepreneurial growth and supporting innovative projects like the Smart Prepaid Energy Meter.
- The Smart Meter National Program aims to deploy six crore smart meters nationwide, with SAT playing a crucial role in the initiative.
- FMCIII has supported 65 startups with over INR 1.5 crore in funding, offering comprehensive support and resources for startup development.
- The investment in SAT is a significant milestone that will inspire and encourage other startups and engineering students to pursue innovative solutions.
- FMCIII’s initiatives provide students with practical experience and foster a startup culture, contributing to the development of innovative solutions in various sectors.
- Through partnerships with Tata Technologies and the Science and Technology Park, Pune, FMCIII offers a 12,000 square foot facility with a 30 crore rupee investment and the capacity to support up to 100 startups simultaneously.
- This investment highlights the growing support for innovative startups in India and marks a significant step forward in the smart meter technology sector.
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