The platform has been developed based on several years of research and data collected by a team led by Prof. Thillai Rajan, Principal Investigator of CREST, and faculty, Department of Management Studies, IIT Madras.

Comprehensive understanding

The portal will help entrepreneurs to get a comprehensive understanding of the government funding landscape for start-ups.

IIT Madras researchers platform

Amitabh Kant, India’s G20 Sherpa, launched the platform here on 25 October 2023. There are more than 100 different schemes by different agencies on this portal.

Chief guest

Amitabh Kant said at the click of a mouse, the entrepreneur can get to know about all the government schemes in a single location.

Furthermore, the platform also provides detailed analytics such as the start-ups that have benefitted from the scheme, average financial investment received, age of the start-up at the time of getting funded, number of founders in the start-up and the age of founders at the time of getting financial support, he said speaking at IIT Madras.

The information platform on government funding for start-ups contains comprehensive information on more than 100 schemes of various ministries and departments, he said speaking platform developed by IIT Madras researchers.

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Close to 10,000 start-ups have benefited from these schemes. Many of the start-ups that receive government support undergo rigorous verification and diligence, he said.

Prominently showcasing the start-ups that have received government support, also helps to get the attention of private sector investors such as Angels and VCs, for subsequent funding.

Consolidating information of all government schemes helps to communicate the aggregate impact of these schemes in a very powerful manner, he said speaking about the platform developed by IIT Madras researchers.

This enables the entrepreneurs to get more information about the scheme if they are interested.

The entrepreneur can also download a detailed report on each and every scheme through a simple click, say IIT Madras researchers.

About the platform

Speaking about this platform developed by IIT Madras researchers Prof. A. Thillai Rajan, Principal Investigator of CREST, and faculty, Department of Management Studies, IIT Madras, said the motivation for developing this platform was driven by the information challenges faced by entrepreneurs and other stakeholders of the Indian start-up ecosystem.

Information was scattered, not easily accessible and did not address the needs of the stakeholders. CREST, an Institute of Eminence Research Centre of IIT Madras, chose to demonstrate its global research leadership by addressing this national challenge.

The result was the creation of a global standard intelligence platform on the Indian start-up ecosystem that addressed the information challenges faced by early-stage entrepreneurs, he said.

There has been no other major policy intervention that has had such a level of policy convergence and contribution from multiple departments and ministries, say IIT Madras researchers.

Such strong policy support has resulted in India becoming one of the largest start-up ecosystems globally. No other country in the Global South has achieved such a distinction.

In this season, students have also received over 50 international offers from more than 15 organizations across multiple global regions, including Japan, the Netherlands, South Korea, Taiwan, UAE, the United Kingdom, and the United States.

IIT Delhi Placement 2024

Naresh Varma Datla, professor-in-charge of the Office of Career Services said, “IIT Delhi started very well and has gone very well so far. We feel that a similar trend will continue in days to come as well. The Office of Career Service is focused on expanding the range of companies and job profiles in days to come to cater for the students appearing for placements.

Speaking about the placement drive, Suresh Neelakantan, co-professor-in-charge, OCS, IIT Delhi, said: “We sincerely appreciate our recruiters for recognizing the talent and potential of our students, and we congratulate the students for their perseverance & outstanding efforts.”

The IIT Delhi placement season, which goes up till the end of next semester, is focused on the placement of undergraduate and postgraduate students of IIT Delhi, said the institute.

“The seamless and efficient execution of the placement process is possible due to the dedicated efforts of the entire Office of Career Services team, including staff, student coordinators, and volunteers, along with continued collaboration with industry partners across various sectors,” it added.

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Conclusion

The 2024-25 placement season at IIT Delhi is a reflection of the excellence of the institute in fostering talent and connecting students with the best opportunities around the world. The over 1,200 job offers and 50+ international placements speak volumes for the collaborative efforts put in by the students, staff, and industry partners. IIT Delhi is fast emerging as a premier institution, which enables its students to achieve success both on the national and international levels.