IIT Madras collaborates with CII to support green startups across India

IIT Madras collaborates with CII to support green startups across India

New Delhi, September 10: For the promotion of innovative green start-ups across India, IIT Madras will be collaborating with the Confederation of Indian Industry (CII). IIT Madras and CII will enable brainstorming sessions between academia and industry for the creation of deep-tech and research ideas through this initiative. With this, startups will be helped in gaining access for pilot demonstrations of their cleantech ideas

MoU signed on August 31

To fulfill these objectives, a Memorandum of Understanding was signed between Gopalakrishnan-Deshpande Centre for Innovation and Entrepreneurship (GDC), IIT Madras and CII- Sohrabji Green Business Centre (CII-Godrej GBC) on August 31 at Hyderabad on the occasion of the fifteenth anniversary of the CII – Sohrabji Godrej Green Business Centre.

Startups to reach out to industry for networking

Noble research ideas and innovative ventures in the cleantech space will be facilitated by the collaboration. GDC will train and guide them at various academic institutions across India, along with enabling the startups in reaching out to industry for networking and business opportunities.

“Our experience is that start-ups in the Cleantech and Green businesses form 20-25% of the disruptive ideas emanating the research labs of IITs and other institutions. The MoU with CII will enable the young researchers and entrepreneurs to validate their ideas and assumptions with experienced industry veterans, thereby helping in creating more robust start-ups,” Mr. R. Raghuttama Rao, Chief Executive Officer, GDC – IIT Madras, has been quoted as saying to a national daily.

A platform will be provided through this collaboration to startups and founders of mentored teams at major events such as Green Building Congress, Energy Summit GreenCo Summit and Green Power. Capacity building programmes will also be held focused on industrial trends and requirements.

There is a lot to be done with the climate challenges that the world is facing today, Mr. Jamshyd N. Godrej, Chairman, CII- Godrej GBC, said while highlighting the need for such initiatives.

“The need of the hour is to design and develop models, which are ecologically superior and economically viable.. Green entrepreneurs and start-ups have an important role in addressing ecological issues and concerns and this MoU will facilitate the same, Mr. Godrej told the media.