IIT Hyderabad’s iTIC Incubator and Greenko Group Launch New BUILD Program to Support Student Entrepreneurs Across India

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IIT Hyderabad's iTIC Incubator and Greenko Group Launch New BUILD Program to Support Student Entrepreneurs Across India
BUILD program launched at IITH Technology Innovation Park
  • Supporting 75 students who led innovation across India
  • Up to Rs 100,000 financial support per innovator
  • Funds provided by Greenko
  • Conducted in collaboration with 14 incubators across India
  • 12 months program by iTIC Incubator in IIT Hyderabad
  • Technology solutions for sustainability are a major focus

The iTIC Incubator at IIT Hyderabad, in collaboration with Greenko Group, has launched a new program called Bold and Unique Ideas Leading to Development (BUILD) on the symbolic occasion of World Environment Day, 5 June 2023 . The program was launched at IIT Hyderabad as follows: Dr. Anil Charamarasetti, M.D. and CEO of Greenco Group and Prof. BS Marty, Director of IIT Hyderabad in the presence of IITH Faculty and Partner Incubator Dr. AS Kiran Kumar (Ex-Chairman of ISRO) attended. BUILD’s main purpose is to help undergraduates and recent graduates transform their innovative ideas into startups.

Under this BUILD initiative, the iTIC Incubator at IIT Hyderabad signed MoUs with 14 incubators across India to drive the BUILD programme, scouting, shortlisting and supporting 75 innovators. bottom. The i-TIC Incubator has launched nationwide recruitment on its website. Selected innovators will receive benefits such as funding up to Rs 100,000, mentorship, prototyping support and co-working space. At the end of the 12-month program, the innovator will have the chance to receive pre-incubation support and further grants at her iTIC incubator at IIT Hyderabad.

Innovators can apply via the iTIC website https:itic.iith.ac.in/build and the deadline is July 5, 2023.

Prof. IITH (left) and Dr. Anil (right) exchange memorandum of understanding on BUILD program by iTIC IITH and Greenko Group
Prof. IITH (left) and Dr. Anil (right) exchange memorandum of understanding on BUILD program by iTIC IITH and Greenko Group

announced the start of the program Professor BS Marty, Director of IITH, Said, “For the past three years, IITH has introduced a BUILD scheme for students. After building a nearly 1.5 million square foot Technology Innovation Park (TIP), we felt it was time to expand his BUILD program across the country. With innovation in its DNA, IITH focuses on developing job creators, not job seekers. By supporting such innovators from their student days, the BUILD scheme will provide the right platform for these young innovators to turn their ideas into successful products, making India self-reliant (atman nirvar) and becoming a world leader. support our urge to.

We wish you all the best in this endeavour. Dr. Anil Chalamarasetti, MD and CEO, Greenko GroupAdded, “The BUILD program represents a notable milestone in our collective journey towards building a vibrant and expanding ecosystem that nurtures young innovation and creative genius. The BUILD program is a testament to our unwavering belief in the power of ideas.

Dr. Kiran Kumar, ASRO, Former President of ISRO, congratulated iTIC Incubator, IIT Hyderabad and Greenko Group on such a unique initiative, stating: eventually become trees. ”

About the iTIC Incubator at IIT Hyderabad

iTIC is a Technology Business Incubator (TBI) under the auspices of the Indian Institute of Technology, Hydwellabad (IITH) and supported by the Department of Science and Technology (DST), Government of India. iTIC is a non-profit organization focused on creating an environment that supports and nourishes budding technology entrepreneurs. iTIC Incubator’s focus areas are deep technology areas such as healthcare, AI/ML, quantum computing, AR/VR, cybersecurity, robotics, IOT, industry 4.0, blockchain, electronics, advanced materials, drones, and biotechnology. .

With the goal of building a comprehensive platform for practicing innovation and entrepreneurship, iTIC helps entrepreneurs tap into top-quality research and an ecosystem of startups to bring these entrepreneurial ideas to life. into a sustainable, scalable and profitable business venture. iTIC provides startups with mentoring, financial assistance, IP support, networking, dedicated office/coworking spaces, software, IITH tech infrastructure, access to Makerlab, and much more. Since its establishment in 2015, iTIC has supported more than 130 startups through pre-incubation, incubation and acceleration programs and has directly sanctioned more than INR 80 crore to startups as well as funded more than INR 50 crore from external sources. We support procurement. So far, iTIC startups have generated over Rs 120 crore in revenue and created over 1,000 jobs.

About IIT Hyderabad:

Indian Institute of Technology Hyderabad (IITH) is one of eight IITs established by the Government of India in 2008. In just 15 years, the institute has become one of the country’s top-ranked educational institutions and is globally recognized. . It has more than 300 full-time faculty members, approximately 4,200 students, 18 faculties and 1 center for interdisciplinary programs, approximately 500 state-of-the-art research facilities, and 5 research and entrepreneurship centers. . This institute is focused on research. Granted research funding is about Rs 880 crore, with PG+PhD students accounting for about 60% of the student body. IITH has over 8,100 research publications with over 1,30,000 citations, over 190 published patents, over 2,200 sponsored/consulting projects, including over 500 implemented projects, and over 1,000 research publications. There are about 125+ start-ups that have generated employment and revenue of Rs.200 crore. Cr over 800. Follow us on Instagram, LinkedIn. twitterFollow us on Facebook, Koo, and YouTube for updates. For more information, please visit https://www.iith.ac.in/.

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