IIT Delhi Promote Students To Open Start-Ups Instead Of Thesis
To achieve this, students will be provided a monthly compensation “at par with the industry salary”
IIT Delhi is planning to allow it’s PhD students convert their thesis into start-ups to boost the startup India initiatives.
IIT Delhi will give it’s students an option to start their own venture at a separate incubation centre set up by IIT. According to 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,” Currently, close to 25 K researchers are pursuing PhD 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", Rao adds.
Shortlisted candidates will be provided with a salary at par with the industry salary to pursue their start-up journey.
They will also 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.
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