New Delhi: To encourage its young, ignited students to transform knowledge into tangible products at an early stage of their career, IIT Delhi is running two internal research schemes for them since 2016. The schemes run by the Institute’s Industrial Research and Development (IRD) wing are known as Students Startup Action Programme and Discover & Learn (1-2-3-4).
Under both the schemes, a seed grant is given to the selected students through their faculty mentors, providing the students an opportunity to use scientific and technical methodologies to solve practical problems faced by society.
The Students Startup Action Programme seeks to engage IIT Delhi’s undergraduate student groups in startup actions by providing a supportive environment in recognition, initial seed grant, and expert advice.
The selected ventures will undergo a three-month pre-incubation journey and a six-months incubation journey. Maruti Suzuki India on February 26 said it has partnered with Indian Institute of Management Bangalore to foster and encourage innovative startups in the country.
As part of the partnership, the auto giant, along with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) the startup hub at the IIMB, has shortlisted 26 mobility startups for a nine-month extensive incubation programme.
“It will help startups channelise their efforts in bringing industry-ready solutions and becoming large scale businesses,” the company said in a statement.
The selected ventures will undergo a three-month pre-incubation journey, during which they will be engaged in various sessions, workshops, peer-to-peer learning activities and receive one-on-one mentoring.