- This initiative is aimed towards taking ideas straight from research labs to create change in the real world
Indian Institute of Technology (IIT) Madras has partnered with IndusDC to nurture and launch start-ups working towards decarbonisation. This initiative is aimed towards taking ideas straight from research labs to create change in the real world. By enabling a wave of hardware innovation, IIT Madras hopes to propel India to the global forefront of decarbonisation technology leadership.
The first phase of commercialisation is currently underway with IndusDC, founded by IIT Madras Alumni Dr Kushant Uppal, collaborating with The Energy Consortium, a Centre of Excellence set up at IIT Madras under the Institute of Eminence initiative.
Three Intellectual Properties (IP) have already been on-boarded, namely next generation cooling, carbon neutral consumer wear and advanced grid scale storage, while three more are currently under evaluation. The vision of this initiative is to replicate this model across institutes in India and take it to a global level.
Highlighting the vision behind this collaboration, Prof Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, said, “Decarbonisation is the greatest need of this hour. This initiative is very timely and will bring together our alumni to serve a greater global cause in a sustainable fashion.”
IndusDC will onboard and match ‘Entrepreneurs in Residence’ (EIR) to the lab-stage ideas and mature it to achieve a market-fit product — a process that has been honed by the IndusDC team over decades with experience as founders, executives and venture investors.
Coming in as a co-founder with each of these start-ups, IndusDC empowers start-ups from inception to growth stage through IP discovery, product management, channel/OEM collaborations, dynamic marketing, streamlined supply chain, pilot production, capital investment and dedicated fundraising support.
