IIIT Sri City invites applications for startups

The institute has set up a technology business incubator, Gyan Circle Ventures (GCV), to encourage innovation and entrepreneurship in the region with the support of Government of India’s MeitY Startup Hub. 

Indian Institute of Information Technology (IIIT) Sri City has invited applications for the next cohort of startups under the categories such as ‘Entrepreneurs-in-Residence’ and ‘Startup Grants’. 

As per a report published in The Hindu, the institute has set up a technology business incubator, Gyan Circle Ventures (GCV), to encourage innovation and entrepreneurship in the region with the support of MeitY Startup Hub (MSH), Government of India. 

The Entrepreneurs-in-Residence is an individual/student start-up that is ready to develop and validate their idea into a proof of concept, for which GCV will extend support with a grant of up to INR 4 lakh. Similarly, the Startup Grants are nascent startups with a definite proof of concept, which can be considered eligible for the grant to create a minimum viable product and to advance the startup till ‘Go to market’ stage, for which a grant of up to INR 7 lakh is provided, IIIT Sri City Director G Kannabiran said. 

An event to create awareness on the same will be held at Sri Padmavati Mahila Viswa Vidyalayam (SPMVV) campus on February 19.  

Interested students or graduates who are keen on pursuing their entrepreneurship journey through their startup ideas can attend the information cum mentoring sessions. They can register themselves at www.iiits.ac.in or call 7337327448 for more information. 

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