In recent move to help start-ups, IIT Delhi is planning to allow it’s PhD students convert their thesis into start-ups.
IIT Delhi will give it’s students an option to start their own venture at a separate incubation centre set up by IIT. It will surely be a great boost to startup ecosystem in India and will allow researchers to start their own venture.
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As per reported by Mint, V. Ramgopal Rao, director of IIT-Delhi said: “It will be a platform to harness deep technology from blockchain to artificial intelligence via young companies. The aim is to convert thesis to start-ups,”
Rao said, currently, some 25,000 researchers are pursuing doctoral studies at centrally funded technical schools (CFTIs). And IIT-Delhi will tap a portion of them and give them the option to start their own venture at a separate incubation centre.
Those who will be shortlisted will be provided a monthly compensation “at par with the industry salary” to pursue their start-up journey.
Besides, such candidates will be provided seed capital, free mentoring, accommodation and access to IIT-Delhi labs. And the IIT will also help them connect with venture capital funds to raise money if they need any.
IIT-Delhi also said that they are setting up a separate incubation centre at Sonepat, Haryana to incubate around 50 companies every year.