IIT Madras Aims to Incubate 100 Start-ups by 2024, Accelerating Entrepreneurship and Innovation

New Delhi: IIT Madras aims to foster over 100 startups spanning diverse sectors by 2024. Renowned for its deep-tech startup ecosystem, the IIT Madras Incubation Cell (IITMIC) is the institute's hub, nurturing and overseeing innovation and entrepreneurial endeavors.

Sharing his targets for 2024, Prof. V. Kamakoti, Director, IIT Madras faculty, said, "IIT Madras saw a lot of ambitions realized during 2023. In the past year, we took up several important projects, including IITM Zanzibar Campus, which became the first-ever IIT to be established overseas, launched a Department of Medical Sciences and Technology, and are aspiring to do many more things in this direction. We are also looking forward to launching a new school on interdisciplinary sciences. It is very important as, today, we are moving towards interdisciplinary education. We also want to close this financial year with the maximum amount of projects."

Prof. V. Kamakoti is firmly committed to retaining the #1 position in NIRF (National Institutional Ranking Framework). Additionally, efforts are made to rise higher in global rankings. Plans include introducing new courses at IITM Zanzibar.

Recently, IIT Madras’ CREST Launched AI Platform for Incubators and Accelerators in partnership with YNOS, an IIT Madras-incubated start-up along with the School of Artificial Intelligence & Data Science as the prospective 18th Department of the Institute. 

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