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May 03, 2018 Thursday 10:49:02 AM IST

IIT-Delhi to Help PhD Students Become Entrepreneurs

Policy Indications

New Delhi: Doctoral students at some of India’s premier technology and engineering schools, will get help to turn around their theses into startups. “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,” V. Ramgopal Rao, director of IIT-Delhi said. 

Around 25,000 researchers are pursuing doctoral studies at centrally funded technical schools (CFTIs). Under the plan, IIT-Delhi will offer a portion of them the option to start their own ventures at a separate incubation centre. Those shortlisted will be provided a monthly compensation “at a par with the industry salary” to pursue their start-up journey. The candidates will also be provided seed capital, free mentoring, accommodation, and access to IIT-Delhi labs. 

IIT-Delhi will also help them connect with venture capital funds to raise money. Doctoral students who have carried out research in areas, such as artificial intelligence, cybersecurity, sustainable energy, blockchain technology, and infra security will get a chance to work more on their ideas and develop it into companies.