Tech Entrepreneurs from IITs

Becoming a tech entrepreneur: Are IITs helping the world move towards technology?

Thanks to the evolution of technology, we have been able to work from home efficiently during the COVID-19 pandemic, which would have been impossible a decade ago. Despite being away from the workplace, many businesses have been able to run their operations and deliver the tasks efficiently. Not just this, even the education sector has been propelled to adapt to the digital medium as the uncertainty around the virus grows. What turned this into a possibility? Is it a mere scientific development and does it offer temporary benefits?

It wouldn’t be fair to say that the evolution of technology is temporarily beneficial as services like online banking, video calls, cloud storage, have all become a necessity in the modern-day life which requires a timely upgrade.

This has all been due to a number of organisations reaching the Unicorn stage and mushrooming into a public entity in the recent years. Individuals, right out of colleges buzzing with ideas and knowledge don’t hesitate from starting their business ventures, one prolific contribution from India’s prestigious institute – “IIT”. Often regarded as the birthing ground for majority of the Indian startups, IIT Delhi, Bombay, Kharagpur, among others, have produced the highest number of technology entrepreneurs in the country over the past two decades.

Rajat Khare, an IIT Delhi Alumnus, is the founder of Boundary Holding Luxembourg , a Luxembourg based investment fund which invests in Artificial Intelligence and Deep tech companies, integrating revolutionary technologies around IoT, Analytics, UAVs and Big Data. Rajat Khare, an active investor during this pandemic says, “IIT Delhi has nurtured many young talents and continues to do so at the behest of its solid foundation.”

Similarly, Ayush Gangwar, the founder and CEO of Kuants – a web-based platform for developing and deploying Automated Algorithm trading strategies – an IIT Kharagpur alumnus, spoke about incubation centres in the institute that help the students in technology. He stated, “IITs have a lot of tech-based activities, mostly in collaboration with different industries, going on in their campuses all the year long, wherein students come up with innovative solutions to the problems faced there.”

Thus, not withstanding the contributions from other institutes, it would be fair to state that behind many smart brains and successful ventures, there has always been an association with IIT.

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