Indian Institute of Technology (IIT) Madras-incubated startup
has created a platform to help startups avail of the scientific and technological
expertise in Indian Technical Higher Educational Institutions and the startup YNOS Venture
Engine launched the ‘Delphi’ platform to catalyse Deep Innovation and Hi-Tech startups.
The platform would help the start-ups and young entrepreneurs to easily access top notch
scientific expertise in Higher Educational Institutions.
IIT Madras press release here on Monday said that faculty members would be part of
the YNOS platform, which would enable entrepreneurs across India, or even globally,
to identify faculty member(s) they would like to work with using the tools available
on the platform. Once an entrepreneur expresses interest in interacting with a faculty,
YNOS would facilitate the interaction.
Launching the platform during the ‘Chennai Demo Day’ organized by IIT Madras Incubation
Cell on Satuday last IIT Madras. Institute Prof. Ashok Jhunjhunwala said, “Prof. Thillai Rajan
has been publishing the much-acclaimed annual reports on Indian Venture industry for a
decade now. YNOS Venture Engine, a startup founded by him, has developed a new platform
for the entrepreneurs to leverage the expertise of the academic and research community
in the country. I am happy to launch this platform and wish the team good luck. I also
encourage the entrepreneurs to take advantage of this platform.”
As many as 128 faculty members from IIT Madras, IIT Delhi, IIIT Bangalore, BITS Pilani,
IIT Hyderabad, IITDM Kanchipuram, IIT Ropar, IIT Mandi, IIT Palakkad, NIT Trichy,
NIT Warangal and NIT Raipur have so far joined hands in this initiative.
Speaking about the benefits of this initiative to the Indian Startup community,IIT Madras,
Department of Management Studies and Co-Founder of YNOS Venture Engine,Prof A. Thillai Rajan,
said, “There is a strong potential for institutes of higher education to engage with startups
over and above to what is currently being done. While many institutes have incubation cells
to encourage faculty and students to create startups, there is tremendous scope for helping
startups that are outside of their institutions with their expertise and help them in
bringing their innovations to market. Delphi has a tremendous potential to contribute
to an important area of India’s economy by providing a direct interface between
the start-ups and academia.”
IIT Madras creates a platform to help Entrepreneurs avail of Scientific Expertise of EI
