The Venture Codex Logo

The Venture Codex

Innovation Mission Punjab

Kalkat Bhawan, Block-C, Aerocity, Airport Road, Mohali, Punjab, 140603, India

Overview

Innovation Mission Punjab is an accelerator program by the government of Punjab.

Total investments
3
Lead investments
2
Investments · 12mo
2
Active investors
8

Sector focus

  • Government
  • Impact Investing
Visit website

Investment portfolio

  • Chickelz

    Led · Seed · Aug 2026

    Chickelz is identified as a DECODE startup founded by Swastik Roy and Ananya Mallick. The company was publicly announced as a recipient of a ₹10 lakh award from the Startup India Seed Fund Scheme distributed through IMPunjab (Innovation Mission Punjab). The award was celebrated by IMPunjab representatives and supporters named in the announcement. Beyond the seed-fund award and founder names, the articles do not provide details on Chickelz’s product, services, market, founding year, location, or operating metrics. There is no information in the articles about past financing rounds, revenue, users, or specific plans for deploying the awarded funds.

  • Shoegr

    Led · Seed · Jul 2026

    Shoegr, founded by Anuj A. Sachdeva, is described as an early-stage innovation-driven startup. The company has been recognized by government-backed programs and received a ₹50 lakh seed award under the Startup India Seed Fund Scheme. Shoegr plans to use the funding to accelerate product development, strengthen operations, and expand market reach. The announcement emphasizes the team’s focus on building innovative solutions and validating their business for growth. The company’s recognition came through Innovation Mission Punjab and associated state and institutional partners. No revenue, user, or prior funding metrics were disclosed in the article.

  • Terafac

    Participated · Seed · Aug 2025

    Terafac develops an AI-powered platform (WeldT) that uses computer vision to scan parts and automatically determine precise weld execution, enabling standard industrial robots to self-adjust without manual programming. The company is initially focused on welding automation to address high product variation and skilled labor shortages, eliminating constant reprogramming. Terafac plans to expand the technology beyond welding to tasks such as gluing, buffing, and painting, aiming to make intelligent automation broadly accessible across factory floors. The startup intends to scale deployments from Indian MSMEs to global markets through OEM and system integrator partnerships and to build a large physical intelligence team of AI researchers, robotics engineers, and manufacturing experts. Financially, Terafac closed an INR 6.5 crore Pre-Seed round and is targeting 80 deployments across 20+ customers with a goal of achieving ₹8 crore (about $1M) ARR by FY26. Its long-term vision is an AI coordination layer that autonomously manages entire factory operations without programming.

Team