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i2india to help IIT-Delhi commercialise innovations

Posted: 22 Apr 2009     Print Version  Bookmark and Share

Keywords:innovation  technology ventures  product development 

i2india Ventures and FITT, the Industrial Interface of IIT-Delhi, have signed a commercial agreement that is expected to result in the practical utilisation of innovations generated by IIT-Delhi faculty, students, and staff.

i2india Ventures will help in exploring opportunities and building on ideas right from the conception stage, filling gaps often encountered by Indian inventors & entrepreneurs pursuing further development of their idea. This engagement between FITT and i2india Ventures is expected to enhance the atmosphere for innovation at IITB and also create opportunities to grow the technology eco-system.

"Technology and product innovation will be the key to India's next cycle of growth. Our country has a lot of scope to improve in the area of product development, but suffer through our inability to commercialise these inventions. While we can learn a lot from Western models, we will have to evolve our own processes here. i2india intends to play a pioneering role in growing this market in India." said Mr. Deepam, CEO, i2india Ventures.

i2india, an associate of Imperial Innovations Group Plc of UK, aims to emulate the latter's success at Imperial College, London in India. Imperial Innovations Group Plc, UK was setup by Imperial College to commercialise its research. As opposed to standard VC model, Imperial Innovations incorporates, funds and nurtures technology ventures. It has started over 100 such companies and negotiated over 150 technology licences, building a market value of over Rs.1,491.58 crore (US $300M).





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