IIT Palakkad Technology IHub Foundation invites applications from innovators

Our Correspondent
Our Correspondent
Posted on 04 Dec 2021
12:09 PM
The Indian Institute of Technology (IIT) Palakkad Technology IHub Foundation engages in activities that create value to the local and national ecosystem.

The Indian Institute of Technology (IIT) Palakkad Technology IHub Foundation engages in activities that create value to the local and national ecosystem. Source: Wikimedia commons

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Summary
IPTIF provides a reliable platform for technology-based start-ups and entrepreneurs
IPTIF, established by IIT Palakkad, has a Rs 100-crore support from the Department of Science and Technology, Government of India

The Indian Institute of Technology (IIT) Palakkad Technology IHub Foundation (IPTIF) is offering mentorship or incubation support to start-ups and entrepreneurs.

With its aim to work in close collaboration with the industry to deliver commercial, technology and products and build a vibrant innovation ecosystem, IPTIF is a Section-8 company established by IIT Palakkad with Rs 100-crore support from the Department of Science and Technology (DST), Government of India.

IPTIF provides a reliable platform for technology-based start-ups and entrepreneurs. Here are the courses you can apply to:

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AARAMBH, a workshop-cum-pitch event

With a prize innovation grant of Rs 15 Lakh, IPTIF in collaboration with the Technology Innovation Foundation of IIT Palakkad (TECHIN) had jointly called for applications from start-ups/ entrepreneurs in a workshop-cum-pitch event to pitch their unique ideas on Intelligent Collaborative System (ICS) solutions for Safety and Energy.

Pitches on multi-disciplinary ideas in the fields, including Robotics, Machine Learning, Software Engineering and Embedded Systems with hardware and software components and related topics were welcomed.

Evaluation of ideas for AARAMBH will be based on:

· Innovativeness

· Technical Competence

· Social Impact

· Commercial Viability

The last date to submit applications for this course is over but the workshops will be streamed live, for those interested.

IPTIF Entrepreneur-In-Residence (I-EIR) Programme

With a vision to inspire innovative entrepreneurs to pursue their start-up dreams, and get critical feedback/ support to promote their entrepreneurial goals and aspirations, IPTIF is calling applications from interested start-ups/ entrepreneurs for its Entrepreneurs-In-Residence (I-EIR) programme.

I-EIR provides a prestigious forum to the deserving and budding entrepreneurs to pursue their ventures without any additional risk involved in technology-based business. This programme also encourages enterprising individuals to venture out and pursue daring entrepreneurial ideas as well as enhance the quality of start-ups.

Other prominent support under the I-EIR programme includes:

· Co-working spaces for developing ideas into a marketable product.

· Rs. 30,000 stipend for a duration of 12 months.

· Technical and business mentorship from experienced engineers and entrepreneurs.

· Mentorship and handholding for activities related to IP management, legal and contract, mobilising resources, and other business development related activities.

Albert Sunny, assistant professor of IIT Palakkad and director of IPTIF, said, “IPTIF aspires to make our country a global leader in the domain of Cyber-physical Systems (CPS). To realise this, we plan to up-skill individuals at different technical levels, create various support systems for entrepreneurs and startups, and take up world-class R&D activities. While our goals seem daunting, I am confident that we can achieve them with support from our academia, Industry, and Government."

IIT Palakkad has established IPTIF to attract available nationwide potential and harness expertise, thus fostering class research innovation, technology and product development. IPTIF engages in activities that create value to the local and national ecosystem.

Last updated on 04 Dec 2021
12:09 PM
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