Delhi

IIT-Delhi looking to incubate ‘deep tech’ ideas; to offer ₹50 lakh funding

The Indian Institute of Technology in Delhi on Friday invited applications from innovators and start-ups working in ‘deep technology’ for admission to an incubation programme.

“The Platform for Harnessing Deep Technologies incubation programme intends to support emerging futuristic technologies requiring advanced research and development. With infrastructure, mentorship and funding support, the programme is designed to help techno-entrepreneurs take a quantum leap towards commercialisation,” the institute said.

Director of IIT-Delhi Ramgopal Rao said that the institute was looking for people with great ideas in the deep technology domain.

Ideas into start-up

“If you have a great deep technology idea, IIT-Delhi will take care of the rest. The incubation programme provides comprehensive support for converting an idea into a start-up, including a fellowship and accommodation to the budding entrepreneur as well as funds for the development of proof of concept,” Mr. Rao said.

The programme will be based out of IIT-Delhi’s TechnoPark at the Sonipat Campus. Those selected will be given free space at the Sonipat residential incubator, free boarding and lodging for the project leader for two years, funding support of up to ₹50 lakh to develop the proof of concept towards commercialisation of the technology and expert technical and business mentoring support.

The last date to submit the application is April 30.

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Printable version | Sep 26, 2020 10:55:38 AM | https://www.thehindu.com/news/cities/Delhi/iit-delhi-looking-to-incubate-deep-tech-ideas-to-offer-50-lakh-funding/article26751652.ece

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