IIT Madras incubation cell gets INR 14 crore from Medibuddy founders

1 min readUpdated on Mar 3, 2022 10:48 IST

MediBuddy’s co-founders Satish Kannan and Enbasekar, both alumnus of IIT Madras, were among the first incubatee of IIT Madras’s incubation cell, which was started as a deep tech incubator in 2013. 

The incubation cell of the Indian Institute of Technology (IIT) Madras has received INR 14 crore from a digital healthcare platform, MediBuddy, for its growth and development purpose. MediBuddy’s co-founders Satish Kannan and Enbasekar, both alumnus of IIT Madras, were among the first incubatee of IIT Madras’s incubation cell, which was started as a deep tech incubator in 2013. 

The incubation cell of IIT Madras has catered to more than 250 start-ups and helped budding entrepreneurs pave their way, survive and grow in a competitive market environment. The institution aims to create an ecosystem to support the budding entrepreneurs. The initial INR 5 lakh that was given by IIT Madras helped us get started,” said Satish Kannan, co-founder and chief executive officer of MediBuddy. 

IIT Madras Research Park launches book 

The IITM Research Park (IITMRP) in association with IIT Madras and the IITM Alumni Association (IITMAA) has launched a book ‘The IITM Nexus’, tracing the inspiring journey of 16 IIT Madras entrepreneurs alumni spanning across five decades and their rise towards becoming some of the country’s biggest entrepreneurial successes.  

Q:   Is BTech available in IIT Madras?

A:

Yes, a full-time four-year BTech course is available at IIT Madras. Admission to this course is completely entrance-based. Candidates can pursue BTech course across various popular specialisations, including Aerospace Engineering, Aerospace3 Engineering, CSE, Metallurgical and Materials Engineering, etc. IIT Madras BTech admission are offered on total 1,195 seats through a common admission process. Candidates are selected based on valid JEE Main, followed by JEE Advanced scores.

Q:   What are the pros and cons of IIT Madras for freshers?

A:

IIT Madras is a premier institution of India which offers around 100, UG, PG, joint degree, exchange & research programmes. The institute has been consistently ranked 1st by the NIRF Rankings in 2023 for the fourth time in a row. Also, the institute ranked 250 by the QS World Rankings 2023.

Being amongst the top 5 institutes of the country, IIT Madras has always been the first choice for students, especially for those who want to pursue Engineering programmes which include courses like BTech & M.Tech because of the institute’s quality education and research.

Apart from the quality technical education that the institute imparts to the students, the placement statistics of IIT Madras are one the major highlights of the institute. Getting a 1 Cr package is not a new thing for some of the top students of IIT Madras.

Now, talking about the life at the campus of IIT Madras one may get mesmerized by experiencing the flora and fauna of the institute’s campus. There are a lot of deer, black bucks, and monkeys on the institute’s premises.

There is nothing significant to talk about the cons of IIT Madras because there is nothing much discussed in the reviews given by the institute’s students that can be considered as weak points.

Q:   Is IIT Madras good for Masters?

A:

 Yes, IIT Madras is good for Masters' programme. During IIT Madras placements 2022, the highest package offered was INR 22 LPA. On the other hand, the average package stood at INR 13.98 LPA. 

The book authored by Shrikant Sundararajan, Shree Pandey and Shibani Shashin is a testament to the ambitious vision of IIT Madras, IITM Research Park and IITM Incubation Cell in inspiring, influencing, and nurturing entrepreneurs across the decades who have held illustrious achievements in India and globally.  

Q:   What is IIT Madras famous for?

A:

IIT Madras has been consistently ranked 1 by the NIRF Rankings in 2023 for the fourth time in a row and Internationally, IIT Madras was ranked 255 in the QS World University Rankings of 2022. the IIT Madras famous course is B.Tech. Moreover, the top recruiters such as Microsoft, Goldman Sachs, McKinsey & Company visited the campus and the highest package offered during IIT Madras placements 2023 was  INR 1. 31 crore per annum. Additionally, IIT Madras median package for almost all the courses recorded an improving trend.

Q:   Which is the biggest festival of IIT Madras?

A:

IIT Madras conducts an annual fest called Shaastra. It is an annual technical festival organised to celebrate unconstrained thinking and love for the spirit of engineering.

Another cultural festival organised by IIT Madras is Saarang, It is the largest cultural fest in India held every year in the month of January.

Q:   Is M.Tech available at IIT Madras?

A:

Yes, the Indian Institute of Technology Madras offers a two-year full-time M.Tech course at the postgraduate level. The institute offers 30 MTech specialisations for BE/ BTech graduates across 12 departments. IIT Madras MTech admission will be conducted via the GATE 2025 exam. Candidates seeking admission must register for GATE to get admission to IIT Madras.

Q:   Is MBA available at IIT Madras?

A:

Yes, IIT Madras offers MBA course via the Department of Management Studies (DoMS). The duration of this course is two-years, which is divided into seven quarters. Candidates who hold a UG degree in the relevant stream and have a valid CAT score can apply online on the official website of IIT Madras. Students can pursue this course in the following specialisations:

  • Finance
  • Integrative Management
  • Marketing
  • HR & OB
  • Operations
  • Information Systems

Q:   Where is the IIT Madras campus situated?

A:

IIT Madras campus is located in the city of Chennai, previously known as Madras. The campus of IIT Madras is 10 km away from the Chennai airport and 12 km from Chennai Central Railway station. The main GATE of IIT Madras is on Sardar Patel Road circumscribed by the residential districts of Adyar and Velachery.

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Answered a week ago

Yes, students who have completed a BTech degree from one of the IITs with a CGPA of 8.0 and above can apply without a GATE score. However, any student who has graduated from any other institute, college, or university must have a valid GATE score to be considered for M.Tech admissions at IIT Madras.

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Shailja Rawat

Contributor-Level 10

Answered a week ago

Placement scenario for B.Sc. in Data Science and Applications at IIT Madras was encouraging as much. The recently launched programme enjoys a strong brand reputation of IIT Madras and wide industry networks. There is a demand for graduates from all top tech companies, startups, and research organiza

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Subhash Kumar Gupta

Contributor-Level 10

Answered a month ago

IIT Madras MBA admission is based on the CAT score, followed by the candidate's performance in the PI round, conducted by the institute across five cities. However, IIT graduates who have obtained a CGPA of 8 or above and defence personnel are exempted from the CAT scores.IIT Madras MBA cut off 2023

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Suraj Kumar karn

Contributor-Level 9

Answered a month ago

JAM 2023 concluded after round 4 which was released on July 7. As per the latest year JAM cutoff, the opening and closing ranks range between 1 and 262, including all the MSc specialisations. So, to be eligible for the IIT Madras MSc course, candidates must secure a rank between 1 to 300 for the Gen

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Nidhi Kumari

Contributor-Level 10

Answered 2 weeks ago

The basic eligibility criteria for admission to the various courses offered at IIT Madras is Class 12 with a minimum of 75%. The accepted entrance exams are JEE Main,  JEE Advanced, and others. Hence, admission will be granted or not depends on the entrance exam scores and ranks. 

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Liyansha Jain

Contributor-Level 10

Answered 2 weeks ago

According to the IIT Madras guidelines, any student who has an attendance of less than 85% will not be permitted to appear in the end-semester exams. Students must attend classes on a regular basis so that they do not miss important lectures. In case Chennai IIT students miss classes due to health r

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Liyansha Jain

Contributor-Level 10

Answered 2 weeks ago

The mode of IIT Madras course admissions is online. IIT Madras admission to various programmes is done through national-level entrance examinations including JEE MainJEE Advanced,  IIT JAM and GATE, among others. For admission to the flagship BTech programmes, candidates are selected based on vali

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Liyansha Jain

Contributor-Level 10

Answered 2 weeks ago

NIRF (National Institutional Ranking Framework) 2024 has ranked IIT Madras as one under the Engineering category. This is a good ranking. IIT Madras Chennai ranking shows the college's commitment and the efforts it has made over the years to educate students. IIT Madras in Chennai is known for its B

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Liyansha Jain

Contributor-Level 10