IISc to Boost Startups Incubation

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Startups play a significant role in the expansion of the economy and also leads to advancement in technology, let’s see how is IISc going to benefit startups

The Indian Institute of Science, founded in 1909,  plans to open a research park at its Bengaluru facility within the next three years to incubate startups focusing on science and technology. IISc has been always known for its research. It’s been making a concentrated effort to translate that knowledge into real-world impact.

Plan to open research park

Currently, the Society for Innovation and Development is incubating about 15 companies, according to IISc officials. Management wants to scale it up ten times and the tenders for setting up the facility has already been issued.

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Apart from the traditional departments in science and engineering, IISc has several interdisciplinary centers of excellence. These include Center for Nano science and Engineering, Dept of computational and data sciences and many more. These specialised labs will be provided to the startups at a concessional rate.

Mentoring and academic partnership

Technical mentoring is also provided to startups so that they can utilise their resources to the maximum and also to help them in better designing of their products. The institute also provides a range of mentors who have a wealth of entrepreneurial and corporate experience to help and guide startups during their journey.

Startups are also provided academic partnership with an academic partnership with IIMs, IITs, IIITs and various other institutes that startups can leverage.

Corporate partnership and patents

IISc has partnered with many organisations such as social-alpha, India angel network, deep science fund, etc that are helping startups in getting access to market and raise capital. In addition to this relationship with AWS and Google clouds help our startups in getting liberal cloud credits.

Startups can leverage institutes IP/ patents through the IPTel office and the mentors help facilitate that.  

 

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