IIT Madras Student Launches “IIT Startups” in San Fransisco

text-align: center;">IIT Madras Student Launches “IIT Startups” in San Fransisco

An Indian Institute of Technology Madras alumnus, Monishi Sanyal has now launched a non-profit accelerator at the Bay Area in San Francisco. Called “IIT Startups”, the accelerator seeks to motivate and support budding entrepreneurs. The initiative will also help to connect the IIT alumni at the Silicon Valley in America.

The accelerator was recently launched at the Computer History Museum, Mountain View, California.

The event was attended by over 400 IIT Startups, Angels, Venture Capitals and Mentors, a release from IIT-M said.

A BTech graduate from IIT Madras and the Governor’s Gold medal Recipient in 1970, Sanyal hopes this initiative will help bridge the gap between academics and industry by providing mentorship and incubation to budding entrepreneurs, and connect the IIT Alumni in the Silicon Valley.

“This is the first step in our journey. Our next initiative would be to run workshops, provide mentorship, incubation, and connectivity to the 11,000+ IIT communities, advisors, angels and VCs in the Silicon Valley,” he said. Sanyal added that by 2019, the plan is to expand the operations by collaborating with the IIT Research Parks in India.

Prof R Nagarajan, Dean (International and Alumni Relations), IIT Madras, said “Alumni such as Mr Sanyal have been instrumental in shaping the best-of-breed entrepreneurial ecosystem that thrives in Silicon Valley. IITs have benefited as well from the branding and networking opportunities.”