IIT Madras Targets Incubating 100 Start-Ups In 2024

Recognized as one of the top deep-tech start-up ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is the institute’s umbrella body for nurturing, supporting, and overseeing various innovation and entrepreneurship projects. Sharing his targets for 2024, Director, IIT Madras, said, “IIT Madras saw a lot of ambitions realized during 2023. In the past year, we took up several important projects including IITM Zanzibar Campus, which became the first-ever IIT to be established overseas, launched a Department of Medical Sciences and Technology, and are aspiring to do many more things in this direction.” This Notification was published on the date of 29.12.2024.

IITMIC is anticipating the launch of a new interdisciplinary sciences school, recognizing the growing significance of interdisciplinary education in today’s context. Their goal for the current financial year is to conclude with a maximum number of projects. In the year 2024, they have outlined a series of exciting initiatives and socially relevant projects aimed at benefiting the nation. Their aspiration is to secure 366 patents by the end of the financial year on March 31, 2024, striving for an average of one patent per day. IIT Madras takes pride in its innovative endeavors, consistently contributing to a multitude of patents. Furthermore, they aim to kickstart 100 new start-ups in 2024. The institution acknowledges the emergence of noteworthy technologies through incubated start-ups such as Hyperloop, e Plane, Agnikul Cosmos, and Mind Grove Technologies. These start-ups, nurtured at IIT Madras, are poised to deliver products with significant national importance.

RECENT UPDATES