IIT Delhi’s PHD Incubator Program facilitates students to become entrepreneurs

NEW DELHI, APRIL 5 : IIT Delhi has invited applications from innovators/start-ups working in deep technology domains for admission to PHD Incubator Program through its autonomous body Foundation for Innovation and Technology Transfer (FITT). The last date to submit the application is April 30, 2019.

The Platform for Harnessing Deep technologies (PHD) incubation program intends to support emerging futuristic technologies requiring advanced R&D.

With the infrastructure, mentorship and funding support, the PHD incubator program is designed to help techno-entrepreneurs to take the quantum leap towards commercialization.

The program is inclusive and open to qualified people outside of the IIT system as well.

The primary aim of the PHD incubator program is to provide a strong foundation to high-risk innovative projects to achieve and validate the Proof of Concept.

Speaking about the PHD Incubator Program, Prof V Ramgopal Rao, Director, IIT Delhi, said: “It is time to take the innovation ecosystem in the country to the next level and raise the bar for everyone. If you have a great idea in deep tech space, IITD will take care of the rest. The PHD Incubator Program provides comprehensive support for converting your idea into a start-up, including a fellowship and accommodation to the budding entrepreneur as well as funds for the development of proof of concept”.

Salient features of PHD Incubator Program:

• Free incubation space at the Sonipat residential incubator in IIT Delhi ’s extension campus.

• Free boarding and lodging for the project leader for 2 years.

• Funding support up to Rs 50 lakhs to develop PoC towards commercialization of the technology.

• Expert technical and business mentoring support from IIT Delhi’s faculty and FIIT’s network of experts and business leaders.

• Access to investors and entrepreneurship support programs.

The scheme execution would be designed in a manner to ensure only qualified and genuinely interested professionals can avail the award that offers initial support to the tech entrepreneurs.