IIT Delhi To Allow Doctoral Students Convert Their Thesis Into Start-ups

The Logical Indian Crew

April 19th, 2018

IIT

Image Credit: India Today, LiveMint

IIT Delhi plans to help doctoral students become entrepreneurs. The institution plans to give PhD students an option to start their own start-ups at a separate incubation centre set up by IIT.

Prof Ramgopal Rao, Director of IIT Delhi told the media that the PhD incubator would be set up in Sonepat campus in Haryana in four months to incubate 50 companies every year. “We will give an opportunity to PhD students to launch start-ups by converting whatever they have learnt and discovered. They will get a fellowship for three years to pursue their vision,” he said.

At present, 500 students are pursuing PhD in centrally funded technical institutions but hardly get opportunities to start companies.

IIT Delhi will select 20 PhD candidates based on their research to help them pursue their start-up. M Balakrishnan, Deputy Director of IIT Delhi informed that those students who have submitted their theses or have already completed their PhD degree would be eligible for the project. “If we can incubate 20 companies and two of them succeed, that will be a big achievement,” Rao said.

The persons who will be shortlisted will be provided with a monthly package. The candidates will be given free mentoring, accommodation and access to IIT-Delhi labs. “The next focus of IITs will be on creating entrepreneurs so that successful research works can be converted into usable products. The present initiatives are part of that,” Balakrishnan added.

According to Panigrahi, a professor at Delhi IIT, doctoral students would get a chance to develop ideas in areas like cybersecurity, artificial intelligence, sustainable energy, blockchain technology and infra security. “IIT-Delhi will handhold them with all kind of facilities and compensation for three years. Since deep technology subjects need expertise, it was natural to think about doctorate students,” he said.

Share your thoughts..

Propelled by

VOLVO

Make Your City Safe

Related Stories

A Chai Wala’s Journey: From Working At ISRO To Selling Tea At IIM-A

This Gurgaon-Based Techie Travels 720 Km Every Weekend To Teach Kids In His Village In Uttarakhand

CCTV

Parents To Get Access To CCTV Footage From Government Schools In Delhi

Ramjas College

Students, Teachers, Journalists Beaten Up At Ramjas College In Delhi: Read To Know

Delhi Boy Gets 1.25 Cr Offer From Uber: Being Logical, This Shouldn’t Matter To You At All

India’s Growth Is Threatened By Business ‘Roadblocks’ Of Bureaucracy Says John Kerry, We Should Be Worried

Latest on The Logical Indian

Others

Another Madhya Pradesh Farmer Dies At Mandi Waiting To Sell His Crop

News

Labour Party Calls For Removal Of Vedanta From London Stock Exchange After Thoothukudi Incident

Health

Nipah Virus Did Not Spread Through Bats; Bihar, Sikkim Issue Advisory: Reports

Others

70% Ganga Will Be Clean By 2019: Nitin Gadkari

News

Ministry of I&B To Set Up Social Media Monitors in 716 Indian Districts

News

CBI Grills Sify Technologies Staff in SSC Paper Leak Case