IIT Madras Expands Global Reach with New Centres for Deep-Tech Startups
‘We plan to open over five IIT-M Global centres’
Image: The Times Of India
IIT Madras is launching over five global centres to support deep-tech startups in markets like the US, UAE, and UK. The initiative aims to enhance access to capital, foster partnerships, and commercialize intellectual property, with a focus on sustainable startups.
- 01IIT Madras plans to open centres in the US, UK, UAE, Germany, Malaysia, and Tanzania by the end of the year.
- 02The initiative will support around 50 curated deep-tech startups, with 10 startups targeted for each market.
- 03IIT Madras filed over 430 patents last year, with many deemed investable, particularly in sectors like energy and AI.
- 04The centres will provide essential resources like workspace, soft landing support, and access to venture capital.
- 05Startups will be assessed for readiness based on their market fit and sustainable performance.
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IIT Madras is expanding its global footprint by opening more than five centres aimed at supporting deep-tech startups in various international markets, including the US, UAE, and UK. Thirumalai Madhavnarayan, CEO of IIT-M Global, emphasized that these centres will provide crucial resources such as short-term workspaces, soft landing support, and connections to venture capitalists. The initiative is designed to help startups commercialize intellectual property developed at IIT Madras, which has filed over 430 patents recently. The selected startups will typically be three to five years old, ensuring they have sustainable performance and a solid market fit. The focus will be on sectors like energy, marine, and space, with a goal of fostering innovation and enhancing the global competitiveness of Indian startups. The centres will also facilitate partnerships with local entities to further support startup growth and market entry.
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The expansion will enhance the global competitiveness of Indian startups and provide them with essential resources for growth.
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