New Delhi, Updated on Aug 30, 2021 14:56 IST
IIT Madras Incubation Cell will provide training, mentoring, enable networking and amplify the reach of the startups to investors, industry and potential market.

IIT Madras Incubation Cell will provide training, mentoring, enable networking and amplify the reach of the startups to investors, industry and potential market. 

IIT Madras

IIT Madras Incubation Cell and Sona Incubation Foundation, Salem, have signed a Memorandum of Understanding (MOU) at IITM Research Park, Chennai. By leveraging the strengths, vast experience and exceptional track record of IIT Madras Incubation Cell (IITMIC), Sona Incubation Foundation’s (SIF) Partner Incubator shall foster entrepreneurial ideas in a supportive environment to help them scale and become successful.  

IITMIC and SIF recognise the importance of making successful entrepreneurs in India, and through this MoU, IITMIC extends holistic support to strengthen the incubation ecosystem at SIF and provide co-incubation support to select SIF incubatees to scale and make national impact. IITMIC will provide training, mentoring, enable networking and amplify the reach of the startups to investors, industry and potential market. 

Chocko Valliappa, vice chairman of Sona Group Institution, said, We are delighted to bring the first group of ‘Partner Incubators’ jointly with IITMIC to Salem to promote and support untapped creativity of individual innovators and assist them to become technology-based entrepreneurs.” 

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The Sona College of Technology and Thiagarajar Polytechnic College together have been preparing engineering talent for nearly 65 years with a key focus on R&D and industry-academia partnership. We now look forward to exceptional ideas from students and alumni, diverse in areas such as electric mobility and wearable technology for use in healthcare,” he added. 

Professor Ashok Jhunjhunwala, President, IITMIC and IIT Madras Research Park, said, “In an effort to support entrepreneurs in the interiors of Tamil Nadu, we started our search for institutions engaged in research and development (R&D), industry collaborations and active student participation. At Sona Group of institutions, we found a deep commitment both to research and entrepreneurship.” 

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