IIT Delhi and Sona Comstar join hands to support innovative startups at the institute
New Delhi: IIT Delhi’s FITT, India’s foremost technology transfer organisation, and Sona Comstar, a multinational automotive major have signed a multi-year agreement wherein Sona Comstar shall support innovative IIT Delhi startups with funds and mentorship.
Startups working in the area of e-mobility can apply under this program. Each selected startup can get upto Rs 80 lakh grant with the option to retain its IP.
This is a first of its kind industry support programme in the important area of mobility.
Mr Kiran Deshmukh, Chief Technology Officer of Sona Comstar and one who is a strong proponent of industry-academia collaboration, is hopeful that this partnership will enable creation of new IP and innovative “Make-in-India products”.
Prof. V. Ramgopal Rao, Director, IIT Delhi exuded confidence in the partnership and remarked “IIT Delhi wants to engage with the industry to strengthen startup programmes in academia as this is a good way to quickly bring new technologies to market”.
For Dr. Anil Wali, MD, FITT who sees a lot of promise in the mobility sector, such programmes create interesting opportunities for innovation and also help in the design and development of indigenous technologies.