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300 startups & Rs 1,200 crore revenue: Dream start for students at IIT-Hyderabad | Hyderabad News – Times of India

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HYDERABAD: The efforts of the Indian Institute of Technology, Hyderabad (IITH), to nurture a new crop of entrepreneurs have slowly borne fruit. So far, its support has helped 130 startups generate phenomenal revenues – roughly about Rs 1,200 crore.
The institute itself has spent Rs 8 crore in the last eight years to support these startups. Of these, 50 are functioning from the IITH campus at Kandi in Sangareddy district.
“We have created a robust environment in the institute to foster entrepreneurship,” IITH director BS Murty told TOI.
From a stage where students had the option to take up entrepreneurship as a minor, the institute is now offering an option of doing a double major in entrepreneurship for BTech students, MTech in Techno Entrepreneurship which is a prototype-driven course, a product-based PhD and even has a department of entrepreneurship and management.
It has also started various programmes such as ‘Nidhi Prayas‘, which supports hardware-based deep tech ideas with a prototype grant of up to Rs 10 lakh, and Bold & Unique Ideas Leading to Development (BUILD).
BUILD supports undergraduate students and recent graduates to give shape to their innovative ideas and eventually turn them into a startup, among others.
“One of the important steps we have taken is removing the requirement to get a 9 CGPA in the first year to transfer to the course of their choice. Now, the option is available to all BTech students. Once that pressure was removed, students started thinking about how they can be better and even first year students are showing interest in entrepreneurship, and some of our students are reaching a stage where they are able to pay salaries even before they graduate,” he added.
The institute has also opened many of its facilities for startups from outside through various incubation prog-ramme. Some of the startups, which are located at IITH, said that the institute is the best place to take their product to the next level. “When we started our startup, we already had some capital as we won a grants worth $40,000, but we were operating from our co-founder’s house. That’s when we got to know about IITH and got advanced incubation. It is the best place for hardware product development,” said Bharavi Butta, founder and CEO, Persist Energy.
He said at IITH they could create a production-ready level product and also got the support to get the required certification.



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