Indian Institute of Technology Madras recently announced that it is re-launching the MS in Entrepreneurship Program. The programme was offered from 1982-83 by the Department of Management Studies, IIT Madras. Over the last four decades, it has matured steadily and strongly to emerge as a benchmark among all entrepreneurship-focused Institutional programmes, as can be evidenced by the prestigious international and national awards and honours conferred on the scholars and their start-ups. The course will now be re-launched as a separate course.
IIT Madras is widely admired as the leading Institute in India promoting start-ups, incubation, entrepreneurship and support systems, more particularly entrepreneurial ventures of the deep technology variety, with a strong start-up ecosystem.
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“A lot of research happens at IIT Madras that has commercial potential. This program will create technology entrepreneurs who will ‘product-ise’ these ideas and work on developing business plans around them. In this way, we hope to ease the ‘lab to market’ transition of technologies, develop entrepreneurs, and consequently have greater societal impact,” said Prof Ashwin Mahalingam, who is part of the selection committee.
The selected scholars will work with faculty on ‘commercialisable ideas.’ They will be guided on discovering entrepreneurial opportunities and formally establishing their start-ups via an effective combination of taught courses, intense research supported by astute supervision and mentorship by highly accomplished entrepreneurs and others of the start-up ecosystem.
Further elaborating on the entrepreneurship ecosystem offered by IIT Madras, which would be made available to the students, Prof Satyanarayanan Seshadri said, “The support system here is very well developed to support founders at all stages of business development from pre-incubation to acceleration of their ventures. Now with faculty members offering their technology, it is bound to provide potential entrepreneurs with differentiated opportunities for technology-led venture creation.”
Earlier, scholars of the programme have been granted valuable technology patents, which have been commercialised through formal technology transfers to leading organisations in specific economic sectors. Now, this full-time programme invites applications from among eligible persons who would be inspired by its remarkable history and wish to contribute significantly to its future history.
This program is open to students across India who have completed their Undergraduate or Postgraduate degrees. The last date to apply is 30 November 2021. Interested candidates can apply here.