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Delivering an address on ‘Role of Innovation & Entrepreneurship’ Director of IIT Madras, V Kamakoti, said, “We have been moving towards innovation and entrepreneurship in a big way. Four-five years ago, we started the concept of ‘One Patent a day’. In the last six years, we have had just three patents rejected.”
He added that various patents in pioneering products have come from IIT Madras. “They include Agnikul’s Rocket, the world’s first with a 3D printed engine and hyperloop, a cutting-edge field in which IIT Madras is going to organize the first-ever competition in Asia. We are ensuring that these ideas are protected at least in India to start with.”
The professor was speaking at the institute’s Gopalakrishnan-Deshpande Centre for Innovation and Entrepreneurship (GDC) Fifth Annual Symposium on the theme of ‘Translating Research into Impact at Scale’.
“The GDC has collaborated with over 100 universities, research labs, and incubators across India. «To develop the entrepreneurial quotient of the country’s academic and scientific community GDC has trained over 1,700 researchers and entrepreneurs and nurtured over 450 deep-tech startups.,” IIT Madras said in a statement.
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