- In the last four years, IIT Delhi, IIT Bombay, IIT Kharagpur and BITS Pilani have produced 1,066 startups
- NCR emerges as biggest startup hub with about 9,000 startups compared to 6,700 in Bengaluru
Indian Institutes of Technology (IITs) in Delhi and Bombay have produced the highest number of technology entrepreneurs in the country over the past two decades, according to analytics firm Tracxn.
IIT Delhi, IIT Bombay, IIT Kharagpur and BITS Pilani accounted for the majority of entrepreneurs in the past decade, as per data compiled by the firm.
Since 2015, the top four engineering colleges have produced 1,066 startups, compared with just 914 in the 15-year period between 2000 and 2015.
Graduates from IIT Delhi have launched 310 startups since 2015, compared with 277 and 258 for IIT Bombay and IIT Kharagpur, respectively.
BITS Pilani graduates launched 221 startups in the same period.
This data shows that more and more engineering students are now pursuing entrepreneurship soon after graduation rather than seeking employment.
Among funded startups, IIT Bombay topped the list, followed by IIT Delhi and IIT Kharagpur. But in terms of successful startups, IIT Delhi again takes the lead, the study showed.
In the absence of a large number of successful exits, the funding raised by startups is considered to be a measure of success.
Startups founded by IIT Delhi graduates have raised $13.3 billion, compared with $7.6 billion for IIT Bombay, according to Tracxn.
NCR becomes the biggest startup hub
Instead of moving to Bengaluru for work, or to start their companies, IIT Delhi graduates now prefer to stay in the national capital region (NCR), which is emerging as a rival startup hub to Bengaluru.
Tracxn data shows that there are about 9,000 startups in NCR compared with 6,700 in Bengaluru.
According to Tracxn, three branches of the IIMs—Bangalore, Calcutta and Ahmedabad—also ranked among the top 10 suppliers of founders.