IIT Madras' professor develops platform to connect start-up ideas with institutes
Indian Institute of Technology (IIT) Madras' Professor, A Thillai Rajan, has developed a platform 'YNOS Venture Engine' in order to help start-ups reach incubators at the Indian institutes. This platform will help to catalyse deep technology start-ups and adoption of technology and Innovation in Small and Medium Enterprises (SMEs).
Faculty members from different institutes will be part of the YNOS platform, enabling entrepreneurs across the country or even globally to identify faculty members they would like to work. YNOS will be facilitating the interaction after an entrepreneur expresses interest in interacting with a faculty.
Ashok Jhunjhunwala, Institute Professor, IIT-Madras, said, "Prof Thillai Rajan has been publishing the much-acclaimed annual reports on Indian venture industry for a decade now. YNOS Venture Engine has developed a new platform for the entrepreneurs to leverage the expertise of the academic and research community in the country."
Thillai Rajan stated, "There is a strong potential for institutes of higher education to engage with startups over and above to what is currently being done. While many institutes have incubation cells to encourage faculty and students to create startups, there is tremendous scope for helping startups that are outside of their institutions with their expertise and help them in bringing their innovations to market. Delphi has a tremendous potential to contribute to an important area of India's economy by providing a direct interface between the start-ups and academia."