New India move to help start-ups, IIT Delhi is planning to allow it’s PhD students convert their thesis into start-ups.
In recent move to help start-ups, IIT Delhi is planning to allow it’s PhD students convert their thesis into start-ups. IIT Delhi will give it’s students an option to start their own venture at a separate incubation centre set up by IIT. It will surely be a great boost to startup ecosystem in India and will allow researchers to start their own venture. As per reported by Mint , V. Ramgopal Rao, director of IIT-Delhi said: “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,” Rao said, currently, some 25,000 researchers are pursuing doctoral studies at centrally funded technical schools (CFTIs). And IIT-Delhi will tap a portion of them and give them the option to start their own venture at a separate incubation centre. Those who will be shortlisted will be provided a monthly compensation “at par with the i...