IIT Alumni Council’s MegaIncubator to set-up Research Centres in six cutting-edge domains

Engineered Biomolecules, Quantum Technologies, Nuclear Sciences, Imaging AI, Transportation and BFSI/ Fintech; MegaIncubator accepting incubatee applications from September 5th – Teacher’s day

IIT Alumni Council announces six Research Centres to make the most modern equipment and research tools available to startups registered with the MegaIncubator. Startups can register with MegaIncubator in addition to their host incubator to be able to roam across partner incubators and affiliate Research Centers. The Research Centers will be in the areas of Engineered Biomolecules, Quantum Technologies, Nuclear Sciences, Electric Transportation (including drones), BFSI (including fintech) and Imaging AI.

The Research Centers will either be collocated with or be established in the vicinity of existing government and academic institutions that specialize in these areas. The Research Centers will be operational in 2021. Incubatee applications will be accepted from September 5th, and the first batch of incubatees announced on October 2nd, 2020.

 “The objective of IIT Alumni Council is to support Prime Minister’s vision of Atma Nirbhar Bharat through accelerated deployment of cutting edge technologies . Playing a lead role in revitalizing the incubator and startup ecosystem in high-tech domains is our primary focus. We are working towards empowering an alumni-led innovation movement supported by private capital and independent volunteers. The Research Centers as well as our various other initiatives are in pursuance of this larger goal. In the last six months we have aggregated over 10 million manhours of alumni time as their contribution to nation building. This is unprecedented and gives us the confidence to march ahead.” said Ravi Sharma, President, IIT Alumni Council.

“The MegaIncubator aspires to reach out to any technocrat startup promoter. The innovative network incubator architecture allows a startup already registered with a home incubator to leverage additional incubators facilitating access to incremental funding, infrastructure and markets. We are using the learnings from Zone Startups India and our global partners to build a phygital incubator framework that every startup will aspire to be part ofm,” said Hemant Gupta, an IIT alumnus, MD of Zone Startups India – and head of the BFSI Research Centre. Zone Startups India manages close to 50,000 square feet of incubator space in the BSE Building in Fort, Mumbai and the Banaras Hindu University Campus.