IIT Madras Pre-Incubator Hosts ‘Nirmaan Demo Day 2024,’ Showcasing Innovative Student Projects
The inaugural ‘Nirmaan Demo Day 2024’ will showcase student innovations from Nirmaan, a pre-incubator at IIT Madras dedicated to empowering young innovators. Know details here
IIT Madras Pre-Incubator Hosts ‘Nirmaan Demo Day 2024
The Indian Institute of Technology (IIT) Madras hosted the inaugural ‘Nirmaan Demo Day 2024’ to highlight student innovations backed by Nirmaan, a campus pre-incubator aimed at empowering young innovators and assisting them in converting their ideas into market-ready solutions. In collaboration with the IIT Madras Incubation Cell, Nirmaan connects students with essential entrepreneurial support, fostering the development of sustainable ventures.
Nirmaan is distinguished by the unique opportunities it offers to aspiring entrepreneurs. With dedicated workspace, targeted mentorship, and tailored training programs such as ‘Pratham’ and ‘Akshar,’ Nirmaan fosters a supportive environment where students can experiment, innovate, and refine their ideas.
A total of 30 Start-Ups at the idea stage in different sectors like AI, Healthtech, Deeptech and Sustainability, presented their innovations to investors, industry experts and the IIT Madras community during ‘Nirmaan Demo Day 2024’, which the Institute plans to make an annual event.
Nirmaan Demo Day 2024
Nirmaan Demo Day 2024 was inaugurated by Prof. V. Kamakoti, Director, IIT Madras, in the presence of Guest of Honor Dr. Srikanth Sundararajan, General Partner - VentureEast, Mr. Navratan Kataria, Director (Startup engagement & Innovation Ecosystem) NASSCOM Centre of Excellence for AI & IoT, Prof. Sathyanarayana N. Gummadi, Dean (Students), IIT Madras, Prof. Prabhu Rajagopal, Advisor (Innovation and Entrepreneurship), IIT Madras, students and faculty.
Addressing the students during this event, Prof. V. Kamakoti, Director, IIT Madras, said, “The inaugural Demo Day is a key milestone for our pre-incubator, and we are thrilled to showcase the talent, creativity, and drive of our student entrepreneurs. This event is a testament to IIT Madras’ commitment to fostering innovation and offering our students a platform to shape the future.”
Nirmaan supports over 85 active student-led startups across various fields. So far, 26 startups have graduated from its program, achieving a collective valuation of over INR 1,000 crore and securing more than ₹108 crore in venture funding. Notable successful graduates of Nirmaan include Urban Matrix, Modulus Housing, Tan90, Tocal, Infyu Labs, Involve, Melvano, Susstains, GIMS, Plenome Technologies, Prescribe, and Galaxeye Space, which recently raised INR 17 crore from Infosys.
Q: Is IIT Madras good for MBA?
In terms of placements, the institute has recorded good placement numbers for MBA. The lowest package offered to the MBA students during 2023 placements was INR 11 LPA. The highest package grabbed was INR 30.66 LPA. The majority of offers received were of packages between INR 20 LPA and INR 25 LPA. Tabulated below are the key highlights of IIT Madras placements 2023:
| Particulars | MBA Placement Statistics (2023) |
|---|---|
| the highest package | INR 30.66 LPA |
| Median package | INR 20.80 LPA |
| the lowest package | INR 11 LPA |
PPOs received |
26 |
Offers above INR 30 LPA |
3 |
Offers between INR 25 LPA - INR 30 LPA |
6 |
Offers between INR 20 LPA - INR 25 LPA |
12 |
Offers between INR 15 LPA - INR 20 LPA |
10 |
Offers between INR 10 LPA - INR 15 LPA |
6 |
Q: Is B.Sc. at IIT Madras a good choice?
Based on the reviews from students and alumni, here's a summary:
* Pros:
+ Relevant and real-world curriculum, making students industry-ready
+ Opportunities for internships and job placements
+ Experienced and qualified faculty members
+ Campus infrastructure and resources are good
+ Annual fest "Paradox" is a highlight
* Cons:
+ Online course format may limit hands-on experience and social interaction
+ Limited availability of hostel facilities for online students
+ Placement records are still developing, although promising
* Industry Readiness:
+ Students develop strong foundational skills in Data Science and AI/ML
+ Course prepares students for roles such as data scientist, data analyst, software developer, etc.
* Placement Records:
+ the highest package offered: INR10-15 LPA
+ Average package offered: INR5-6 LPA
+ the lowest package offered: INR4 LPA
+ Top recruiters: Companies related to data science, including Aditya Birla, Renault, Buckman, Aspire, and Symphony AI
+ About 90-100% of students get internships
* Student Life:
+ Students have access to various extracurricular activities and events
+ Online community allows for connection with peers and professors
+ Library and resource center are available for study and research
* Food and Accommodation:
+ Mess food is generally considered good
+ Hostel facilities are available, although limited for online students
Overall, B.Sc. at IIT Madras seems like a good choice for students interested in Data Science and AI/ML. With its relevant curriculum, experienced faculty, and opportunities for internships and job placements, students can gain valuable skills and experience. While there may be limitations due to the online course format, the university's efforts to provide a supportive online community and resources can help mitigate these drawbacks.
Q: Is IIT JAM difficult?
Experts share that the IIT JAM exam is difficult to clear. This is not because the difficulty level of the questions asked is very high but because the selection ratio through the IIT JAM exam is low. However, this does not mean that the questions asked in the exam are very easy.
Highlighting the importance of such events to make students into entrepreneurs and job-generators, Prof. Prabhu Rajagopal, Advisor (Innovation and Entrepreneurship), IIT Madras, “At Nirmaan, we strive to catalyze faculty and student innovations into market-ready prototypes and start-ups. With the motto of ‘IITM for all’ as per vision of Prof. V. Kamakoti, Director. Our support services are now also available for teams in the wider region who wish to connect with IIT Madras in some way.”
Afterward, startups progress to the Akshar program, where they receive additional funding and support to develop and launch their products while gaining pilot implementations. Nirmaan also connects startups with a network of experienced mentors, offering guidance throughout their entrepreneurial journey. This blend of resources, mentorship, and a supportive environment for idea exploration makes Nirmaan a premier platform for startup development at IIT Madras.
Read More
Follow Shiksha.com for latest education news in detail on Exam Results, Dates, Admit Cards, & Schedules, Colleges & Universities news related to Admissions & Courses, Board exams, Scholarships, Careers, Education Events, New education policies & Regulations.
To get in touch with Shiksha news team, please write to us at news@shiksha.com
Sanjana Surbhi has over five years of experience in the online education sector. Drawing from her tenure with ed-tech companies, she infuses her work with a wealth of knowledge from the education realm, lending an i... Read Full Bio
Related News
Latest News
Next Story