Medical is not all about theory, and thus IIT-Delhi has ensured practicality is gained with their doctoral students. These doctoral students are given a chance to turn their thesis that they work so hard on theoretically into their own venture start ups to make a change in the world.
This move is a sign of encouragement for doctors to persuade entrepreneurship.
Director of IIT-Delhi, V. Ramgopal Rao said on Tuesday-
“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.”
IIT-Delhi will also work alongside researchers in Centrally Funded Technical Schools (CFTIs).
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The doctoral students who are interested will be given a monthly compensation, seed capital, free mentoring, accommodation and access to the labs. Venture Capital funds will also help connect capital to them.
Many of the doctors are working on extra ordinary technologies which can change the medical field. Such areas like artificial intelligence, cybersecurity, sustainable energy, blockchain technology and infra security have a lot of scope in today’s world.
Job creation is beneficial to the society and economy and thus such programmes should be initiated to encourage startups which will result in new job opportunities.
Deputy Director of IIT-Delhi, M. Balakrishnan said-
“The next focus of IITs will be on creating entrepreneurs so that successful research works can be converted into usable products. The present initiatives are part of that.”
IIT-Delhi is seen to change the technology surrounding startups and encouraging new developments in the field. IT has about 20 startups at the Foundation for Innovative and Technology Transfer (FITT). Some of the exciting startups include –
Prizm which is a low cost spectrophotometer device for soil and field testing using TestRight Nanosystems.
Kriya Labs has solved the major smog issue due to crop residue burning by converting agro waste into pulp.
IIT-Delhi is trying its best to be known worldwide and so far it’s been advancing to this goal efficiently. With such internships as rural internships to its B.Tech students, they will be able to understand issues in ground level and also understand rural governance problems.