IIT Madras incubation cell gets INR 14 crore from Medibuddy founders

1 min readUpdated on Mar 3, 2022 10:48 IST
MediBuddy’s co-founders Satish Kannan and Enbasekar, both alumnus of IIT Madras, were among the first incubatee of IIT Madras’s incubation cell, which was started as a deep tech incubator in 2013.

MediBuddy’s co-founders Satish Kannan and Enbasekar, both alumnus of IIT Madras, were among the first incubatee of IIT Madras’s incubation cell, which was started as a deep tech incubator in 2013. 

The incubation cell of the Indian Institute of Technology (IIT) Madras has received INR 14 crore from a digital healthcare platform, MediBuddy, for its growth and development purpose. MediBuddy’s co-founders Satish Kannan and Enbasekar, both alumnus of IIT Madras, were among the first incubatee of IIT Madras’s incubation cell, which was started as a deep tech incubator in 2013. 

The incubation cell of IIT Madras has catered to more than 250 start-ups and helped budding entrepreneurs pave their way, survive and grow in a competitive market environment. The institution aims to create an ecosystem to support the budding entrepreneurs. The initial INR 5 lakh that was given by IIT Madras helped us get started,” said Satish Kannan, co-founder and chief executive officer of MediBuddy. 

IIT Madras Research Park launches book 

The IITM Research Park (IITMRP) in association with IIT Madras and the IITM Alumni Association (IITMAA) has launched a book ‘The IITM Nexus’, tracing the inspiring journey of 16 IIT Madras entrepreneurs alumni spanning across five decades and their rise towards becoming some of the country’s biggest entrepreneurial successes.  

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Commonly asked questions
Q:   Is BTech available in IIT Madras?
A: 

Yes, a full-time four-year BTech course is available at IIT Madras. Admission to this course is completely entrance-based. Candidates can pursue BTech course across various popular specialisations, including Aerospace Engineering, Aerospace3 Engineering, CSE, Metallurgical and Materials Engineering, etc. IIT Madras BTech admission are offered on total 1,195 seats through a common admission process. Candidates are selected based on valid JEE Main, followed by JEE Advanced scores.

Q:   What are the pros and cons of IIT Madras for freshers?
A: 

IIT Madras is a premier institution of India which offers quality education to the students. The institute has been consistently ranked 1st by the NIRF Rankings in 2025 for the fourth time in a row. Also, the institute ranked 70 by the QS World Rankings 2026 in Asian University Ranking. 

Being amongst the top 5 institutes of the country, IIT Madras has always been the first choice for students, especially for those who want to pursue Engineering programmes which include courses like BTech & M.Tech because of the institute’s quality education and research. The highest package offered was INR 53.2 LPA for the Class of 2025.

Now, talking about the life at the campus of IIT Madras one may get mesmerized by experiencing the flora and fauna of the institute’s campus. 

There is nothing significant to talk about the cons of IIT Madras because there is nothing much discussed in the reviews given by the institute’s students that can be considered as weak points.

Q:   What is IIT Madras famous for?
A: 

IIT Madras has been consistently ranked 1 by the NIRF Rankings in 2023 for the fourth time in a row and Internationally, IIT Madras was ranked 255 in the QS World University Rankings of 2022. the IIT Madras famous course is B.Tech. Moreover, the top recruiters such as Microsoft, Goldman Sachs, McKinsey & Company visited the campus and the highest package offered during IIT Madras placements 2023 was  INR 1. 31 crore per annum. Additionally, IIT Madras median package for almost all the courses recorded an improving trend.

Q:   Which is the biggest festival of IIT Madras?
A: 

IIT Madras conducts an annual fest called Shaastra. It is an annual technical festival organised to celebrate unconstrained thinking and love for the spirit of engineering.

Another cultural festival organised by IIT Madras is Saarang, It is the largest cultural fest in India held every year in the month of January.

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The book authored by Shrikant Sundararajan, Shree Pandey and Shibani Shashin is a testament to the ambitious vision of IIT Madras, IITM Research Park and IITM Incubation Cell in inspiring, influencing, and nurturing entrepreneurs across the decades who have held illustrious achievements in India and globally.  

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Commonly asked questions
Q:   Is M.Tech programme available at IIT Madras?
A: 

Yes, the Indian Institute of Technology Madras offers a two-year full-time M.Tech course at the postgraduate level. The institute offers 30 MTech specialisations for BE/ BTech graduates across 12 departments. IIT Madras MTech admission will be conducted via the GATE 2025 exam. Candidates seeking admission must register for GATE to get admission to IIT Madras.

Q:   Is MBA available at IIT Madras?
A: 

Yes, IIT Madras offers MBA course via the Department of Management Studies (DoMS). The duration of this course is two-years, which is divided into seven quarters. Candidates who hold a UG degree in the relevant stream and have a valid CAT score can apply online on the official website of IIT Madras. Students can pursue this course in the following specialisations:

  • Finance
  • Integrative Management
  • Marketing
  • HR & OB
  • Operations
  • Information Systems
Q:   Where is the IIT Madras campus situated?
A: 

IIT Madras campus is located in the city of Chennai, previously known as Madras. The campus of IIT Madras is 10 km away from the Chennai airport and 12 km from Chennai Central Railway station. The main GATE of IIT Madras is on Sardar Patel Road circumscribed by the residential districts of Adyar and Velachery.

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Answered 2 weeks ago

The IIT Madras admissions are currently open for the online BS degree program. Meanwhile, the JoSAA 2026 counselling process has officially concluded for BTech/BE admissions at IIT Madras with the release of the Round 5 seat allotment results. For regular on-campus courses, the IIT Madras admission

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Manisha Pandey

Contributor-Level 10

Answered a week ago

With 98.3% in Class 12, you can easily meet the academic board criteria for IITs (65% required for ST). Since clearing JEE Advanced is mandatory for IIT admission, on the basis of JEE Main score of 56.77 percentile, you likely did not cross the ST category qualifying cutoff to appear for JEE Advance

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Akanksha Yadav

Contributor-Level 10

Answered a month ago

When the online choices window opens, engineering aspirants targeting BTech at IIT Madras must organize their options carefully. Students should list their preferred branch combinations. The automated system reviews these choices down the list against entrance scores.

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Rashmi Karan

Contributor-Level 9

Answered a month ago

Undergraduate engineering candidates belonging to SC and ST communities receive excellent financial benefits while studying for BTech at IIT Madras. These students enjoy a complete 100% waiver on their academic tuition fees regardless of income. The university also covers basic hostel room rent to s

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Rashmi Karan

Contributor-Level 9

Answered a month ago

Living inside the college residential facilities brings extra expenses during the 4 years of a BTech at IIT Madras. Combined hostel room rent and mess dining charges cost between 1 Lacs and 5.4 Lacs rupees total. These rates vary depending on the specific hostel wings allocated.

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Rashmi Karan

Contributor-Level 9

Answered a month ago

Yes, newly admitted engineering students must clear a specific one-time fee to finalize enrollment for BTech at IIT Madras. This introductory transaction costs between 8,000 and 31,000 rupees based on student category. It covers library registration, identity card making, and refundable security cau

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Rashmi Karan

Contributor-Level 9

Answered a month ago

Students who pick traditional core fields like mechanical, civil, or chemical engineering secure great offers through BTech at IIT Madras. The average job packages for these departments range between INR 15 Lacs and 18 Lacs per annum. Major manufacturing companies and infrastructure conglomerates vi

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Rashmi Karan

Contributor-Level 9

Answered a month ago

IIT Madras holds the Rank #1 in the Engineering Category for its BTech and programs as per NIRF Engineering Ranking. The institute has maintained this top position for 10 consecutive years.

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Rashmi Karan

Contributor-Level 9