RiiDL Foundation

Overview

Established in 2010, RiiDL Foundation is a technology business incubator based at Somaiya Vidyavihar in Mumbai, India. It focuses on fostering innovation and entrepreneurship by providing resources and support to early-stage startups. The foundation operates as a non-profit entity, collaborating with various government departments and organizations to promote technological advancements and business growth. RiiDL Foundation offers a comprehensive suite of services, including access to state-of-the-art facilities, mentorship programs, and networking opportunities. It emphasizes sectors such as healthcare, biotechnology, agriculture, hardware, and software development. The foundation has incubated over 70 startups, contributing to the creation of more than 200 full-time jobs and facilitating the raising of over $3 million in funding for its portfolio companies. The foundation's mission is to bridge the gap between ideas and market-ready products by providing a conducive environment for startups to thrive. It aims to cultivate a culture of innovation and support the growth of technology-driven businesses in India, thereby contributing to the country's economic development and technological progress.

Investment Focus

• Innovative technology-driven startups
• Early-stage companies seeking growth support
• Startups in sectors such as healthcare, biotech, agriculture, hardware, and software development

Portfolio Companies