BSE See NSE See 44,149.72
-110.02 (-0.25%)

Press Release

CIE-IIITH Surveys Impact of COVID-19 on Startups

CIE-IIITH Surveys Impact of COVID-19 on Startups

- Only 30% of startups able to operate as per their plans

- 75% struggling with sales and market challenges

- 80% startups are optimistic of prospects

- 36% startups found new opportunities

HYDERABAD, India, May 18, 2020 /PRNewswire/ -- As the global startup ecosystem gears up to cope with the COVID-19 pandemic, the Indian ecosystem is also very apprehensive. With rampant speculation on consumer behaviour and market reactions, there was a general sense of foreboding about the adverse effects and diminishing investments in startups.

In order to identify and present a comprehensive understanding of the impact of COVID-19 on deeptech startups, Centre of Innovation and Entrepreneurship at International Institute of Information Technology Hyderabad (CIE-IIITH) conducted an online survey to assess and understand how startups are coping, and what assistance they require. The survey was developed around different aspects encompassing operations-as-usual, financial status, areas of adverse impact, lateral activities adopted, survival actions, support from CIE-IIITH's initiatives during COVID-19, scope for further support from the ecosystem and prospects in arriving months. 

According to the survey report, the operations are not usual as nearly 70% startups are able to do lesser than earlier planned. Only 30% of the startups are able to run with their routine planned strategies. Short-term cash flow seems to be the biggest worry for startups, medium-term concerns are smaller. Most startups seem to be struggling with revenue generating activities in sales, marketing and business development. The help sought also is towards connecting with corporates, clients and channels. Most surprising facet was the future outlook. 80% were optimistic about the future and 36% said they see a better prospect than they did pre-lockdown.

Commenting on the report, Prof. Ramesh Loganathan, Chief Operating Officer of CIE-IIITH, said, "The positive outlook towards the future that many startups have is extremely encouraging. We are very glad that through our ResilienceUnlocked series of activities during lockdown, CIE-IIITH has been able to help some. Specifically towards accelerating COVID-19 related innovations, connecting startups with markets, investor pitches and startup peer experiences sharing."

Details of the survey can be viewed at

About CIE-IIITH: Centre of Innovation and Entrepreneurship, also known as CIE-IIITH is a DST approved incubator operational since 2008. CIE-IIITH has so far supported around  200+ startups and has seed- funded 30 startups. CIE-IIITH was also instrumental being the kiln of the initiatives that culminated into the foundation of T-Hub. Along with developments in AVISHKAR, CIE-IIITH is also focusing on turning a new leaf in terms of infrastructure facilities, programmes and startup engagements focusing towards building a deep tech startup ecosystem. New working spaces are launched, seed funding programmes, structured workshops and mentoring opportunities and technology transfer facilitation are also being deployed now.  Visit for more details.

About IIIT-Hyderabad: The International Institute of Information Technology, Hyderabad (IIIT-H) is an autonomous research university founded in 1998 that focuses on the core areas of Information Technology, such as Computer Science, Electronics and Communications, and their applications in other domains through inter-disciplinary research that has a greater social impact. Some of its research domains include Visual Information Technologies, Human Language Technologies, Data Engineering, VLSI and Embedded Systems, Computer Architecture, Wireless Communications, Algorithms and Information Security, Robotics, Building Science, Earthquake Engineering, Computational Natural Sciences and Bioinformatics, Education Technologies, Power Systems, IT in Agriculture and e-Governance.


Media Contact:
Sunory Dutt 
Head of Communications




PARMA, Italy, Nov. 27, 2020PARMA, Italy, Nov. 27, 2020 /PRNewswire/ -- "We need a positive movement to accelerate, empower, refine, and design a more sustainable future, and raise awareness in people - companies, citizens, institutions- that another ...
PUNE, India, Nov. 27, 2020PUNE, India, Nov. 27, 2020 /PRNewswire/ -- The ASMA 'India's Top 20 Women Leaders in Education 2020', powered by UniApply virtual event was held on 27th November 2020 under the theme The Trailblazing Women Leaders in Indian ...
LONDON, Nov. 27, 2020Vuse brings together two of its global partners from the world of music and motorsport, Rudimental and McLaren Racing, as part of its 'Routes of Inspiration' series to drive global brand awareness LONDON, Nov. 27, 2020 /PRNewswir...
PARIS, Nov. 27, 2020PARIS, Nov. 27, 2020 /PRNewswire/ -- Since 2012, Maison Perrier-Jouët has collaborated with Design Miami/ in order to offer contemporary artists and designers an international platform for their creativity. As part of this mission...
RIYADH, Saudi Arabia, Nov. 27, 2020RIYADH, Saudi Arabia, Nov. 27, 2020 /PRNewswire/ -- Senior government officials from several nations patronized the launch of the Digital Cooperation Organization (DCO) Thursday – a global organization aimed at stre...
NEW DELHI, Nov. 27, 2020- Giving away coupons worth Rs. 10,00,000 on every weekendNEW DELHI, Nov. 27, 2020 /PRNewswire/ -- HappyEasyGo (HEG), one of the leading flight and hotel aggregators in India, has announced 'Thanksgiving Weekend Giveaway' for ...
NEW DELHI, Nov. 27, 2020High energy, music-centric intensive calorie-burn curated to make working out fun again!Introducing HD video streaming, personalised live classes with real time responses, engaging on-demand content library and much moreThe ap...