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IIT Alumni Launch Startup Incubator Network
29 Nov
Summary
- IIT alumni initiative PALS partners with IIT Madras and AIC Anna Incubator.
- MoU aims to mentor and support early-stage startups from 67 institutions.
- Conclave focused on enhancing entrepreneurship and innovation ecosystems.
An IIT alumni-led initiative, PALS, has solidified its commitment to fostering entrepreneurship by signing MoUs with Immersive Technology & Entrepreneurship Labs (ITEL) at IIT Madras and AIC Anna Incubator. These partnerships are designed to mentor and support nascent startups originating from PALS' extensive network, which comprises over 67 educational institutions.
The signings occurred during the EDC 360° Conclave on Entrepreneurial Development, hosted at IIT Madras. This event convened senior figures from 40 engineering colleges, with a collective goal of strengthening entrepreneurship and innovation frameworks. The focus was on preparing institutions to cultivate engineers equipped for future industry demands.
Mohan Narayanan, a Governing Board Member for PALS, articulated the initiative's vision: to foster at least one successful startup from each partner institution. He highlighted that focusing on local challenges like urban transport and cybersecurity can catalyze innovation, emphasizing the critical need for guidance from experienced faculty and industry experts.
