New Delhi: Doctoral students at the Indian Institutes of Technology (IITs) will get a chance to convert their thesis into a start-up.The plan will be first executed in IIT-Delhi, allowing researcher scholars to become entrepreneurs."It will be a platform to harness deep technology from blockchain to artificial intelligence via young companies. The aim is to convert thesis to start-ups," V. Ramgopal Rao, director of IIT-Delhi said on Tuesday, reported by the Livemint portal.
As per the reports, around 25,000 researchers are currently pursuing doctoral studies at centrally funded technical schools (CFTIs).
The scholars who would be selected to pursue their big dream would have a monthly compensation as the salary standard of the industry.
Moreover, students will be provided with seed capital, free mentoring, accommodation and access to IIT-Delhi labs.
Further, the IIT will help them in raising capital fund as per their needs.Professors of the esteemed institution are showing support to this historic move.
The portal quoted professor K. Panigrahi saying, "IIT-Delhi will handhold them with all kind of facilities and compensation for three years. Since deep technology subjects need expertise, it was natural to think about doctorate students."
IIT-Delhi is setting up incubation centre at Sonepat, Haryana to incubate around 50 companies every year.indiatoday