Indian Institute of Technology (IIT) Roorkee has launched an Extension Center of its Technology Innovation and Development of Entrepreneurship Support (TIDES) Business Incubator at Greater Noida to ensure benefits for the startups in National Capital Region (NCR) incubated by the institute.
TIDES business incubator is supported by the Start-Up India Program of the Government of India and is hosted in the Roorkee campus of IIT Roorkee.
Department of Science and Technology (DST), Ministry of Electronics and IT (MeitY); National Science and Technology Entrepreneurship Development Board (NSTEDB) and other agencies have granted the funding of Rs 12 crore to the TIDES incubator.
“The Greater Noida Extension Centre (GNEC) will initially offer incubation to three startups with 15 incubatee team members working and staying in GNEC. TIDES plans to increase the capacity of this facility so as to spawn more entrepreneurs at IIT Roorkee,” said a statement from the institute.
Congratulating IIT Roorkee on the expansion of TIDES Business Incubator to its Greater Noida campus, Dr Anita Gupta, Associate Head, National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and technology (DST), said, “As the first and the oldest technical Institute in the country, IIT Roorkee provides an entrepreneurial culture in its academic curriculum enabling young people to harness their ideas to action. I congratulate IIT Roorkee to have chosen its Greater Noida campus for expanding TIDES Incubation Centre as NCR is fast emerging as an innovation hub.”
“TIDES will provide a platform for young people to accelerate their ideas to a successful start-up with the right guidance for a go-to market strategy. Talented youth look at start-ups as lucrative option and are turning job creators,” She added.
Emphasizing the benefit of this facility to students thinking of having their own start-ups, Prof Ajit K Chaturvedi, Director, IIT Roorkee, said, “‘NCR is among the most developed entrepreneurship hubs in India. The extension centre of TIDES Business Incubator will connect IITR startups to the entrepreneurs, alumni and the investors community in the region. State of the art infrastructure and seamless communication between these two campuses of IIT Roorkee will help in nurturing and promoting entrepreneurship in IITRoorkee.”