IIT Madras To Incubate 100 Startups In 2024
The Indian Institute of Technology Madras (IIT Madras) has announced plans to incubate 100 startups spanning various sectors in 2024.
The institute's Incubation Cell (IITMIC), recognised as a leading deep-tech startup ecosystem in India, is gearing up to incubate these startups.
Professor V Kamakoti, Director of IIT Madras, shared the institute's targets for the upcoming year, expressing pride in their focus on innovation. He revealed plans to close the financial year ending 31 March 2024, with an impressive 366 patents, averaging at least one patent per day.
Highlighting the socially relevant aspect of their initiatives, Kamakoti said that the upcoming projects aim to bring substantial benefits to the nation.
IIT Madras has already gained recognition for its role in incubating notable startups like the Hyperloop startup, ePlane, Agnikul Cosmos and Mindgrove Technologies. These ventures, borne out of the IIT Madras ecosystem, are expected to deliver products with significant national importance, further solidifying the institute's position at the forefront of cutting-edge technologies.
