S. Vishnu Sharma
IIT Hyderabad was the center of attraction when it conducted Innovation Day 2024 recently. The event attracted over 2000 visitors.
It featured exhibitions, talks, panel discussions, pitch sessions, and networking opportunities, all celebrating the spirit of entrepreneurship and innovation.
Chief Guest
Ajai Chaudary, former CEO and Founder of HCL was the chief guest for the event by IIT Hyderabad.
He inspired attendees with strategies to elevate India on the global innovation stage, stressing the importance of exploring untapped areas and the critical role of product development.
Academic Research
Chairman IIT Hyderabad, Dr. BVR Mohan Reddy emphasized the importance of integrating academic research with industry needs to drive innovation and entrepreneurship.
Ecosystem
Director of IIT Hyderabad Prof B S Murty highlighted IIT Hyderabad’s robust ecosystem that nurtures this synergy, showcasing the institution’s commitment to pushing the boundaries of technology.
Accessibility
A standout feature of this year’s event was its accessibility, say sources from IIT Hyderabad.
Through the innovative technology developed by SignAssistive AI, the event was fully accessible to deaf and hard-of-hearing individuals, ensuring inclusive
participation for all.
Major Highlight
The MeitY Grand Challenge 2024 Finale was a major highlight, featuring top teams from across the country pitching their groundbreaking ideas.
VAYUT Autonomous, with its no-code robotics OS and simulation software, emerged as the winner of the MeitY Grand Challenge after a tough competition, say sources from IIT Hyderabad.
Motto
With over 35 innovators showcasing their ideas, Innovation Day 2024 embodied the motto of IIT Hyderabad “Inventing & Innovating Technology for Humanity.”
The event fostered valuable connections and collaborations, propelling innovation forward and transforming potential ideas into impactful realities, say sources from IIT Hyderabad.
It was a memorable experience for all attendees, setting a high benchmark for future editions and aiming to reach even greater heights next year.
Following the chief guest’s address, IIT Hyderabad was awarded with ISO 22301:2019 Business Continuity Certification, along with ISO 27001:2022 Security management Systems.
Also, ISO 14001:2015 Environmental Standards, ISO 9001:2015 Quality Standards, and ISO 50001:2018 Energy standards certifications, overall, were given.
They were given for implementation of sustainable practices in research and development, consultancy, projects and educational initiatives in campus.
Notably, the Business Continuity Certification is the first of its kind awarded to an educational institution in India, say sources from IIT Hyderabad.
iTIC Incubator
iTIC, a Technology Business Incubator at IIT Hyderabad, supported by the Department of Science and Technology (DST), focuses on deep tech sectors like Healthcare.
It also focuses on AI/ML, Quantum Computing, AR/VR, Cybersecurity, Robotics, IoT, Industry 4.0, Blockchain, Electronics, Advanced Materials, Drones, and Biotechnology.
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Since its inception in 2015, iTIC has supported over 192 startups, provided more than Rs 10 crores in direct funding, generated Rs 1250 crores in revenue, and created over 1,100 jobs.
About IIT Hyderabad
IITH, established in 2008, has reached a respectable position in both academics, research, technology development and startups in the short span of 15 years.
In the recent Indian National Ranking (NIRF2023), IITH is placed at 3rd in Innovation and 8th among Engineering institutes in India.
It has 310+ full-time faculty, 4,700+ students (PG + PhD students accounting for about 60%).
The institute has a strong research focus with Rs 1150+ Cr of R&D funding, 10,500+ publications, 275+ Patents.
It has about 190+ startups (that have generated 1100+ jobs and a revenue of INR 1250+ Cr).