Indian Institute of Technology-Delhi will launch a deep tech incubator and innovation strategy on the back of its recent success in becoming an Indian government-sponsored institute of eminence.
Indian Institute of Technology-Delhi (IIT-D) is set to create a deep tech incubator and strategy for startups less than three years old in an effort to drive Indian innovation in the segment, LiveMint has reported.
IIT-D’s initiative will target deep tech applications in fields including connected intelligent systems, mixed reality, advanced materials, medical research and drug discovery.
In addition to seed funding and access to external venture capital, IIT-D will offer participants free workspace and mentoring sessions as well as assistance filing patents and conducting other commercialisation activities.
Participants will attend a newly-opened IIT-D research park, Technopark, which contains facilities including co-working space and R&D units for the university’s corporate partners and sponsored research programs.
IIT-D’s incubator will prioritise applications from startups whose founders possess a doctorate degree, though it will not disregard entries from innovators with a master’s level education in subjects such as medicine,…
