IIT Ropar’s business incubator foundation gets 5 crore grant

The institute has established a technology business incubator (TBI) under the national initiative for developing and harnessing innovations (NIDHI) programme of department of science and technology, government of India
Updated on Dec 02, 2020 10:46 PM IST
Copy Link
Hindustan Times, Chandigarh | By, Chandigarh

The Indian Institute of Technology (IIT), Ropar has received a grant of Rs 5 crore from the department of science and technology (DST), government of India.

The grant has been sanctioned to Technology Business Incubator Foundation (TBIF) – a section non-profit entity of the institute, established in the year 2016. The foundation is independently taking care of start-up related activities and entrepreneurial system for the students of IIT Ropar and Punjab region.

The institute has established a technology business incubator (TBI) under the national initiative for developing and harnessing innovations (NIDHI) programme of DST.

The programme would work in line with the national priorities and goals and, its focus would be to build an innovation-driven entrepreneurial ecosystem with an objective of socio-economic development through wealth and job creation.

Professor Sarit Kumar Das, director, IIT Ropar, and chairman, TBI, said, “Entrepreneurship is not new at IIT, Ropar. Till now, seven companies have stemmed from here. A soft loan of approximately Rs 55 lakh has been given to these companies for developing their ideas and products. They are doing exceptionally well. Two companies even returned their soft loan amount: Rs 16,45,000.”

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Bihar hooch tragedy: Toll rises to 13

    Bihar hooch tragedy: Toll rises to 13

    The toll from the suspected hooch tragedy went up to 13 as four more people died in Bihar's Aurangabad late on Tuesday. Aurangabad district magistrate Saurabh Jorwal said the hooch is suspected to have been brought from Jharkhand and supplied to sellers in bordering villages of Gaya and Aurangabad. Gaya's senior police superintendent Harpreet Kaur said Santosh Chaudhary, the alleged main supplier, and his four associates have been arrested.

  • Karnataka Congress general secretary Kavitha Reddy.

    'Why not women?' Karnataka Congress leader slams party over ticket distribution

    Karnataka Congress general secretary Kavitha Reddy lashed out at her party for not giving 'fair representation to women' while picking candidates for the June 3 Legislative Council elections, news agency ANI reported Wednesday. In a self-made video, Reddy said that it is 'disturbing' to see that women have not been given representation in the state legislative council. The Congress has announced M Nagaraju Yadav and K Abdul Jabbar as its candidates.

  • Indian PM Modi announced on Twitter that a compensation of <span class='webrupee'>₹</span>2 lakh each will be given to the next of kin of those deceased in the accident on the Hubballi-Dharwad bypass road on Tuesday.

    PM Modi and Karnataka CM announce ex-gratia for Hubli road accident victims

    Eight people were killed and about 26 others were injured in an accident involving a private bus and a truck on the Hubballi-Dharwad bypass road during the early hours of Tuesday, police said. The bus was heading from Kolhapur in Maharashtra to Bengaluru, while the truck was coming in the opposite direction. The incident occurred when the bus driver allegedly lost control while trying to overtake a tractor and hit the truck head-on, police said.

  • Pet parents such as Vidhi Vishnoi, a Gurugram-based tax manager, chooses to leave her almost two-year-old German Shepherd with friends and family, or takes him along on her travels, after sour experiences with boarding facilities in the past. (Photo: Shutterstock)

    Furry tales: Pet parents vs boarding centres

    These centres make it easier for pet parents to tend to their travel needs while being assured that their bundle of joy is taken care of. “I have had bad experiences twice at different boarding centres,” shares a Gurugram-based educator, Parul Gupta, who feels that a big challenge that pet parents face while leaving their furry baby, is the temperament issue of other pets residing there.

  • A temple-like structure was found underneath the Juma Masjid in Mangaluru during renovation in late April.

    Section 144 imposed around disputed mosque in Mangaluru

    Large gatherings have been banned within 500 metres of a mosque in Karnataka's Mangaluru after a Vishwa Hindu Parishad leader warned of a 'Ram Mandir-like campaign' in the fight for control of premises on which a Hindu temple-like architectural design was reportedly found. Mangaluru authorities imposed Section 144 at 8 pm Tuesday and this will be in place till 8 am Thurrsday.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, May 25, 2022