Indian Institute of Technology Madras (IIT Madras) has partnered with IndusDC, a deep-tech focused venture studio to nurture and launch start-ups working towards decarbonisation, according to the press release.
This initiative is aiming towards taking ideas straight from research labs to create change in the real world. By enabling hardware innovation. The first phase of commercialisation is currently underway with IndusDC, founded by IIT Madras Alumni Kushant Uppal, collaborating with The Energy Consortium, a Centre of Excellence set up at IIT Madras under the Institute of Eminence initiative, as per the release.
“This is a pivotal IP, technology development and start-up incubation agreement with IIT Madras. We are also actively forging partnerships with other esteemed universities in both India and the U.S. Guided by a technical Entrepreneur in Residence (EIR), we navigate from tech demonstrations to prototypes while maturing the technology to TRL7/8. Concurrently, we also define the commercial benchmarks around performance and economics. We expect this partnership to bring to market decarbonization start-ups that will redefine the energy transition landscape for India,” Kushant Uppal, founder, CEO, IndusDC, said.
IndusDC claims that it will onboard and match ‘Entrepreneurs in Residence’ (EIR) to the lab-stage ideas and mature it to achieve a market-fit product — a process that has been honed by the IndusDC team over decades with experience as founders, executives and venture investors.