Aimed to boost industrial interactions and start-up activities, IIT Guwahati is organising Research and Industrial Conclave (RIC) from January 20 to 23. The Technology Incubation Centre, at the institute allows virtual incubation, and student start-ups are permitted. New grants and incubation are being provided by the institute.
The conclave is an amalgamation of academia, industry & start-ups. To boost industrial interactions and start-up activities, for the first time, industrial interaction and entrepreneurial events are included with the annual research conclave, the institution said in a statement.
Earlier only graduates were allowed to have their start-up incubate at IIT Guwahati Technology Incubation Centre (IIT Guwahati TIC). Now onwards, the institute has also allowed incubation of IIT Guwahati student’s start-up at IIT Guwahati Technology Incubation Centre including allowing virtual incubation as well.
The institute signed an MoUs with iDEX (Defence Innovation Organisation) and PSU such as OIL INDIA, NRL to fund the start-ups. It also has tie-ups with nationalised and private banks for providing loans to the incubated start-up. It also runs a special scheme for women entrepreneurs.
IT Guwahati has recently incorporated a section- 8 company, IIT Guwahati Technology Innovation, and Development Foundation (IITG TIDF). The company has two divisions. Through its TIH division, the IITG TIDF provides a grant of up to 10 lakhs for the start-up working on underwater exploration and incubating them in the TIC. Through its BioNest division, it directly incubates bio-related incubators.
“I invite the entrepreneurs to join our Technology Incubation Centre and Research Park, where we provide not only the technical mentorship but also access to our resources and opportunities to work with our faculties and students to develop new technologies,” said Prof T.G. Sitharam, Director IIT Guwahati.