The Gopalakrishnan-Deshpande Centre for Innovation and Entrepreneurship of the Indian Institute of Technology-Madras and the Confederation of Indian Industry-Sohrabji Green Business Centre signed an agreement to promote startups that venture into cleantech space.
R. Raghuttama Rao, Chief Executive Officer, GDC, said: “Start-ups in the cleantech and green businesses form 20-25% of the disruptive ideas emanating from the research labs of IITs and other institutions. The MoU will enable young researchers and entrepreneurs to validate their ideas and assumptions with experienced industry veterans, thereby helping in creating more robust start-ups.”
Capacity building programmes for cleantech entrepreneurs being mentored by GDC will be conducted with a focus on industry trends and requirements.
Jamshyd N. Godrej, chairman of CII- Godrej GBC, said the need of the hour was to develop economically superior and viable models.
The aim of the collaboration was to brainstorm ideas, validate their prototypes, minimal viable products and implement pilot studies when required.
GDC is an alumni-funded centre for innovation and entrepreneurship and works with stakeholders from academia, industry, finance, and government.
CII-Sohrabji Godrej Green Business Centre was established in 2004 as a developmental institute on green practices and businesses, aimed at offering advisory services on conservation of natural resources.