IIT Guwahati Paves the Way for Entrepreneurial Excellence in Northeast India

IIT Guwahati has signed two MoUs to boost innovation, support startups, and strengthen industry-academia collaboration in the region. Know details here 

The Indian Institute of Technology (IIT) Guwahati is at the forefront of developing the entrepreneurial ecosystem in the Northeast region. The institute has formalised two Memoranda of Understanding (MoUs) aimed at fostering innovation, supporting startups, and enhancing industry-academia collaboration in the area. These include collaborations are:

• Assam Startup through Assam Industrial Infrastructure Development Corporation (AIIDC) to collectively promote entrepreneurship and impact programs through access to technology, industry, innovation, and value-added activities and programs
• Federation of Indian Chambers of Commerce & Industry (FICCI) to solidify their commitment to fostering innovation and entrepreneurship in the Northeast

Speaking during the event, Prof. Devendra Jalihal, Director, IIT Guwahati, said, "IIT Guwahati is proud to serve as a catalyst for innovation and entrepreneurship in the northeastern region and the entire country. Through our recent collaborations with FICCI and Assam Startup, we are hopeful that the collective measures and initiatives we aim to provide will help foster a vibrant ecosystem where budding entrepreneurs can transform their innovative ideas into successful businesses."

MoU with Assam Startup through Assam Industrial Infrastructure Development Corporation

The Assam Startup Policy, launched by the state government, aims to ignite the startup movement in the state by encouraging youth to become job creators and providing the necessary ecosystem support to help them pursue their entrepreneurial dreams. To achieve this goal, a recent MoU has been signed between IIT Guwahati and Assam Startup, under which they will:

• Co-incubate startups selected under various programs affiliated to both the organisations. In this IIT Guwahati will felicitate the mentoring and technological support, while Assam Startup will provide Business support
• Provide access to industry, innovation, and investors
• Co-creating innovations across policy and programming to scale impact and entrepreneurship
• Support in research and development programs in innovation, technology for impact
• To support each other by extending their respective institutional expertise including technology, knowledge, and management aspects
• To conduct outreach, awareness activities and roundtable discussions in the area of common interest

As the next step in this collaboration, multiple regional colleges and universities in Assam will be equipped with startup ecosystems.

MoU with Federation of Indian Chambers of Commerce & Industry (FICCI)

The Federation of Indian Chambers of Commerce and Industry (FICCI), the apex chamber of commerce and industry in India, is committed to fostering economic growth and industrial advancement in the country. With the purpose of the MoU between FICCI and IIT Guwahati, a framework will be established to support entrepreneurial activities targeting Agriculture, Women Development, and Sustainability in the Northeast region.

Speaking during the MoU signing event, Mr. Sumeet Gupta, Assistant Secretary General of FICCI, said, “FICCI aims to play a pivotal role in empowering startups in the Northeast, driving economic growth, and positioning the Northeast region as a significant contributor to the nation's economy on a global stage. Our collaboration with IIT Guwahati will further strengthen this initiative, combining academic expertise with industry support to create a robust startup ecosystem.”

Speaking during the event, Prof. Senthilmurugan Subbiah, Faculty in charge, IITG – Technology Incubation Centre, IIT Guwahati, said, “This innovative catalyst will unite the seven states under one umbrella, significantly enhancing the entrepreneurial ecosystem. It will multiply the number of successful entrepreneurs emerging from the Northeast region of India, fostering unprecedented growth and collaboration.”

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