TNN | Posted January 03, 2024 12:02 PM
Indian Institute of Technology Madras (IIT Madras) has set target of incubating at least 100 start-ups across various sectors in 2024.
Prof V Kamakoti, director, IIT Madras, said, “We are also looking forward to launching a new school on interdisciplinary sciences this year. 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.”
“IIT-M also has other exciting initiatives and socially relevant projects on the platter that would greatly benefit the nation. We are looking at closing this financial year (March 31, 2024) with 366 patents. We will try our best to see one patent a day. It is a matter of great pride at IIT Madras that we do a lot more of innovation. We are also looking at starting 100 start-ups in 2024,” he adds.
Emphasising on the upcoming technologies, he says, “We seeing a lot of interesting technologies coming up through Hyperloop start-up, ePlane, Agnikul Cosmos and Mindgrove Technologies, all of which are IIT Madras-incubated start-ups. These start-ups will deliver products, which will be of great national importance.”
The IIT Madras Incubation Cell (IITMIC) is the institute’s umbrella body for nurturing, supporting, and overseeing various innovation and entrepreneurship projects.
IIT Madras is also going to launch a School of Data Science and Artificial Intelligence, that will be established as the prospective 18th Department of the Institute. Through this, the institute aspires to place IIT Madras in the orbit of excellence, improve rankings, and enhance its global/national visibility in the fields of DS/AI with applications to societal, industrial and academic research.
The institute became the first-ever IIT to launch a campus on a foreign country. While initially, the Institute will offer BS and MTech programs, in Data Science and Artificial Intelligence, more academic programs will be offered in the coming year. In the first batch at IITM Zanzibar, students from Zanzibar, mainland Tanzania, Nepal, and India have been admitted with 40 percent of the students being women.
In 2023, the institute launched a Department of Medical Sciences and Technology to prepare students for designing life-saving medical devices, drug discovery, artificial intelligence in medicine, and fundamental medical research.