One of the premier institutes of India, while celebrating its diamond jubilee, stated, “IIT Delhi will become the preferred destination for aspiring entrepreneurs in India, and neighbouring countries by nurturing a startup culture among students and faculty and bridging the gap between research and entrepreneurship.”
The Indian Institute of Technology in Delhi (IIT-Delhi) on August 17 stated that it will provide space, funding connect and mentorship opportunities to budding entrepreneurs, students and teachers from India and neighbouring countries to set up startups inside its campuses. With this move, IIT Delhi is not distant much from becoming a global start-up destination. One of the premier institutes of India, while celebrating its diamond jubilee, stated, “IIT Delhi will become the preferred destination for aspiring entrepreneurs in India, and neighbouring countries by nurturing a startup culture among students and faculty and bridging the gap between research and entrepreneurship.”
The IIT further added that it is mulling to establish a “world-class entrepreneurship center" and “increase engagement of Institute with the startup ecosystem". “Create a one-stop shop for entrepreneurs in India and neighbouring countries, by providing access to resources for example workspaces, cloud storage, processing power, mentorship from faculty and alumni, connect with funders, etc.”
Talking about creating a competitive model for equity stakes in incubated startups to diversify income sources in the long run, the institute said,“Enable tighter linkages between research, technology and development and commercialisation through startups by faculty and students…and build focused outreach mechanism to invite alumni to partner with IIT Delhi in launching their startup.”
According to the reports, the institute is planning to expand its networking and mentorship opportunities for students through regular guest lectures by successful alumni to streamline courses, offering across various academic units in the institute as well as from external sources. It also said that it will deliver “end to end training (on) entrepreneurship --from prototyping to product development, running operation to fundraising".
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