πŸ“ˆ IIT Madras’ NCCRD startup hub

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IIT-M’s NCCRD is becoming a deep tech startup hub supporting at least seven since 2016.

What’s it about? The premier institute’s National Center for Combustion Research & Development (NCCRD) is in the same league as NASA’s Jet Propulsion Laboratory (JPL), according to satellite startup Galaxeye’s founder Suyash Singh. Ten years ago, the government granted β‚Ή90 crores to set up a combustion centre at IIT-M.

  • It was built to foster and strengthen India’s deep tech ecosystem with a large-scale R&D facility for industrial projects. It has worked with companies like GE Aviation and Siemens, generating β‚Ή200 crores in revenue.
  • Over time, it became a startup hub by working with companies for business development. NCCRD has a hands-on approach to customer development and identifies markets for deep tech companies.

Testimonials and future plans: Among the startups helped by NCCRD are Galaxeye and The ePlane Company. Investors are enthusiastic about the NCCRD’s projects. It’s a mark of quality.

  • The next step would be to turn NCCRD into a full-fledged incubator. It’ll help handle more startups at a given point. The centre could also evolve to provide sustainable growth opportunities for startups.

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