The German Academic Exchange Service is the largest German support organization in international academic cooperation, and its collaboration with IIT Bhilai will enable a greater flow of information and key scientific knowledge.

The DAAD and IIT Bhilai’s bilateral exchange program aims to enhance collaboration between them and German universities or research institutions.

Partnership

Under this partnership, reciprocal visits will be conducted, with up to three faculty members
from IIT Bhilai traveling to German universities, and faculty from Germany visiting India for a research stay, which will also include lecturing activities, say sources from IIT Bhilai.

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The researchers may practice in any discipline or subject area and can visit the partner institution for up to three months.

 Greater crossflow across countries and universities to boost knowledge-sharing and
increase awareness of key issues and topics.

 Finding solutions to real-world problems by discussing new perspectives and allowing students in classrooms to gain better insights from faculty around the world.

 Undertaking joint studies through mutually agreed modalities on issues of common
interest.

Director

Speaking about how this collaboration will help IIT Bhilai community, Prof. Prakash added, the faculty members of the institution will have hands-on exposure to the technologies and
research happening in the world and implementing these skills to the classroom teaching will broaden the vision of the students.

Milestone

The partnership between the institution and DAAD represents a significant milestone in
fostering global scientific collaboration and this MoU symbolizes the Institute’s commitment
to nurturing academic and research synergies across borders.

It offers Bachelor of Technology (BTech), Master of Technology (MTech), Master of Science (MSc) and Doctoral programs (PhD) in various departments.

The institution has established a 3-D Printing Lab that constitutes an integral part of 3-D Modeling and Design course, a fabrication lab, an electrical lab, a computer lab and a library in a short duration.

Indian Institute of Technology (IIT) Kharagpur has collaborated with z21 Ventures, an early-stage venture capital firm operated by its alumni. The z21 venture capital firm founded by IIT Kharagpur alumni will invest a total of Rs 2.5 crore in this partnership. The institute mentioned in a statement on Friday that the preliminary investment per team in this collaboration will be Rs 25 lakh.

As a result, IIT Kharagpur and z21 Ventures are joining hands to start an innovative program to provide final-year students with the necessary support and resources to create a successful startup.

The accelerator is created to leverage exceptional talent from IIT Kharagpur, turning ambitious ideas into market-ready startups. It will provide participants with unparalleled access to mentorship, funding, and premium resources. Centred on developing technological, scalable solutions to global challenges, the program will combine the latest research capabilities by IIT Kharagpur with the investment success cultivated by z21 Ventures to empower student entrepreneurs to make lasting, transformative changes.

• Mentorship: Direct guidance from successful entrepreneurs, industry experts, and venture capitalists.
• Seed Funding: Access to early-stage funding opportunities to ignite their ventures.
• Workshops and Training: Tailored sessions on business-building necessary features, including business development, product-market fit, fundraising, and scaling operations.
• Networking: Opportunities to connect with a wide network of investors, successful entrepreneurs, and corporate leaders, that promote partnership and business development.

The accelerator is designed to tap into the immense talent pool at KGP and translate bold ideas into marketable ventures. It offers a platform with unmatched access to mentorship, funding, and top-tier resources for participants. The focus of this program would be on building technical, scalable solutions to global challenges by leveraging IIT Kharagpur’s cutting-edge research along with proven investments in z21 Ventures. This is meant to empower student entrepreneurs to change the world.

First cohort and the structure of the program

The accelerator program will accept up to 10 teams in the first cohort. Throughout the program, these teams will continue to receive mentoring, strategic guidance, and seed funding in efforts to develop their ideas into products. Participants will also tap into the extensive network of z21 Ventures’ industry experts, successful entrepreneurs, and experienced advisors dedicated to guiding them toward market success. Critical infrastructure support would also be offered by IIT Kharagpur even after graduation to ease the transition from idea development to execution.

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“Start-up Accelerator Program with z21 Ventures, founded by our esteemed IIT alumni, to launch the ‘KGP Forge Entrepreneur’ is a structured accelerator program created to teach the students about company building, basic company finance and company law, fundraising etc. It is a significant step toward empowering our BTech, MTech, and PhD students. This collaboration aims to provide budding entrepreneurs with mentorship, resources, financial support and professional networks sufficient to convert their ideas into successful startups”, said V K Tewari, Director, of IIT Kharagpur. KGP alumni can also participate in this transformative program, in case they collaborate with current KGP students on their founding teams.

Conclusion

The IIT Kharagpur and z21 Ventures collaboration marks a transformative step in advancing student entrepreneurship. With its first cohort set to support up to 10 teams, this accelerator program gives aspiring entrepreneurs a solid platform from which they can turn innovative ideas into impactful startups. Combining cutting-edge research from IIT Kharagpur with investment expertise from z21 Ventures, this initiative will focus on scalable solutions to global challenges. This is done through mentorship, funding, and comprehensive resources to equip the participants to make meaningful contributions and lay the foundation for generations yet to come of trailblazing innovators.