IIT Madras launches School of Innovation and Entrepreneurship to offer MS(Entrepreneurship), PhD
IIT Madras is already home to India’s largest ‘deep-tech’ startup ecosystem, with over 475 startups valued in excess of Rs. 50,000 Crore (US$ 6 Billion) under the aegis of IITM Incubation Cell
Indian Institute of Technology Madras (IIT Madras) has launched a School of Innovation and Entrepreneurship to create a World-Class ecosystem to establish Deep-Tech Start-ups. The objective is to put the Institute on the Global Map of entrepreneurial universities.
IIT Madras is already home to India’s largest ‘deep-tech’ startup ecosystem, with over 475 startups valued in excess of Rs. 50,000 Crore (US$ 6 Billion) under the aegis of IITM Incubation Cell, together with several sector-specific incubators. These start-ups have cumulatively created more than 11,000 jobs, filed over 700 patents and have attracted Rs. 12,000 Crore in investments.
Through structured curricular and academic support, the Institute aims to catalyse the emergence of the next generation of Deep Tech start-up founders, boosting the vision of ‘Make in India, Make for the World’.
Commonly asked questions
IIT Madras MSc fee is INR 12,000 for two years. The fee mentioned here is taken from an unofficial source. Hence, is indicative. For IIT Madras MSc detailed fee structure, candidates are advised to contact the admission department of the institute.
Candidates who get admission to the BS or BS plus MS integrated programme offered at IIT Madras are required to pay the IIT Madras BSc fees according to the components mentioned below:
| Course Name | One-Time Fees | Tuition Fees | Hostel and Mess Fees |
|---|---|---|---|
| BS | INR 7,050 | INR 1.2 Lacs - INR 10 lakh | Hostel: INR 1.74 lakh Mess: INR 1.37 lakh |
| BS plus MS | INR 7,050 | INR 10 lakh | Hostel: INR 2.15 lakh Mess: INR 1.72 lakh |
Note: This information is sourced from official website/ sanctioning body and is subject to change.
IIT Madras provides UG, PG, and doctoral courses. The courses include BTech, BTech-MTech (Dual Degree), BS-MS (Dual Degree), Integrated MA, MTech, MBA, MSc, MS by Research and PhD. IIT Madras has also started for an 8-week free online course on Data Science.
The School of Innovation and Entrepreneurship will be headed by Prof. Prabhu Rajagopal, a Shanti Swarup Bhatnagar Awardee, serial faculty-entrepreneur and a distinguished faculty of the Department of Mechanical Engineering, IIT Madras. Having nurtured student innovation through his leadership of both the maker-space Centre for Innovation (CFI) and the pre-Incubator Nirmaan, besides several successful start-ups, Prof. Prabhu Rajagopal brings extensive experience and vision to the School.
The School will offer a Minor Stream in Entrepreneurship, an MS(Entrepreneurship) degree and also establish novel programmes contributing to translational research besides a PhD Program and a unique ‘Entrepreneur-in-Residence’ (EIR) cohort to support returning professionals who want to pursue entrepreneurship as a career. These include practice-led degrees at the Undergraduate and Master's levels, as well as an industry-defined ‘Innovation Doctorate’.
The School also aims to create IIT Madras-specific funding mechanisms at the initiation and scale-up stages for start-ups. It will also run ‘IP clinics’ to help students understand the notion of IP filing and quickly convert their innovations into IP-backed products with support from IITM’s IPM Cell.
Commonly asked questions
IIT Madras integrated MA course fee is INR 1.65 lakh.
The IIT Madras hostel fee for students pursuing undergraduate courses is showcased in the below table:
BTech and Dual Degree |
|
|---|---|
Particulars |
Amount |
Hostel Admission Fee |
250 |
Advance Dining Charges |
17766 |
Establishment – A Charges |
6500 |
Establishment - B Charges |
2000 |
Extra-Curricular Fee |
1500 |
Medical Insurance Premium (per annum) |
2301 |
Refundable Deposit (New admission only) |
3000 |
Student Wellness Fee |
200 |
Other Fee (Optional)* |
4750 |
Advance dining charges and Student Medical Insurance Premium are subject to change depending on the new tenders.
*Other fees (Optional) include Saarang / T-shirt of Shaastra / L-tap / Hostel Night charges.
IIT Madras hostel fee for post graduate courses is showcased in the below table:
MTech, MSc, MBA, MA (2023) and MS and PhD |
||
|---|---|---|
Particulars |
Amount |
Amount (for married) |
Hostel Admission Fee |
250 |
250 |
Advance Dining Charges |
17766 |
17766 |
Establishment – A Charges |
6500 |
6500 |
Establishment - B Charges |
2000 |
2000 |
Extra-Curricular Fee |
1500 |
1500 |
Medical Insurance Premium (per annum) |
2301 |
2596 |
Refundable Deposit (New admission only) |
3000 |
3000 |
Student Wellness Fee |
200 |
200 |
Highlighting the importance of the School of Innovation and Entrepreneurship, Prof. V. Kamakoti, Director, IIT Madras, said, “As we progress after having achieved 1.2 patents a day and exceeded 100 start-ups in the last financial year, now, it is time to institutionalize our Innovation and Entrepreneurship efforts. We have a large’I&E’ stack that spans the e-Cell, Centre for Innovation (CFI) and Nirmaan pre-incubator to the Gopalakrishnan Deshpande Center for Innovation and Entrepreneurship (GDC and IIT Madras Incubation Cell. We have already introduced in the second year of B.Tech program, a course on Entrepreneurship and System Building. Now, we will also have a minor. The PhD program is very interesting. This is going to be another USP of IIT Madras.”
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Abhay Anand is an experienced education journalist with over 15 years in print and digital media. Currently serving as Manager- Editorial at Shiksha.com, he specializes in higher education policy, student mobility,
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