New Delhi: The Indian Institute of Technology Madras will collaborate with the Confederation of Indian Industries to nurture and promote innovative green start-ups across the country. To achieve the objective, IIT Madras’ Gopalakrishnan-Deshpande Centre for Innovation and Entrepreneurship has signed a memorandum of understanding with CII - Sohrabji Godrej Green Business Centre, the former said in a release.
While the Gopalakrishnan-Deshpande Centre will facilitate novel research ideas and mentor innovative ventures in the clean technology space at various academic institutions across India, CII’s business centre will help the startups reach out to industry for networking and business opportunities as they seek to scale.
It will enable academia and industry to discuss disruptive research ideas and help start-ups gain industry access for pilot demonstrations of their clean technology ideas.
“Our experience is that start-ups in the Cleantech and Green businesses form 20-25% of the disruptive ideas emanating the research labs of IITs and other institutions," said R. Raghuttama Rao, chief executive officer, Gopalakrishnan-Deshpande Centre - IIT Madras in the release.
The MoU with CII will help create more robust start-ups by enabling young researchers and entrepreneurs to validate their ideas and assumptions with experienced industry veterans, Rao said.