IIT Madras Global launches ‘Bharat Ascend’ to build next generation of innovators and entrepreneurs
Bharat Ascend will create structured national pathway for innovators, helping bridge the gap between an idea its first prototype and its first customer, and a startup and its first global market.
IIT Madras Global Research Foundation has launched ‘Bharat Ascend’, a national mission to build India’s next generation of innovators and entrepreneurs.
Led by IITM Global Research Foundation (IITM Global) in partnership with Ideabaaz, India’s first media-integrated startup platform, Bharat Ascend aims to discover 100 high-potential ideas from Tier II and III cities and emerging innovation ecosystems across India in 365 days, and create pathways to transform these ideas into prototypes, pilots, investable ventures, market-ready products and globally scalable enterprises.
The mission seeks to contribute to the larger national vision of Viksit Bharat @2047 by helping build an India that is not only a large market for innovation, but a product nation and a startup nation—a country that imagines, designs, develops, owns and takes globally competitive products and technologies to the world, according to a statement.
Prof V. Kamakoti, Director, IIT Madras, said the Bharat Ascend initiative is trying to democratise the
opportunity for every idea to become a great product that will bring a lot of socio-economic value
to our country. "IIT Madras Global Research Foundation will provide the required knowledge for this entire partnership while Ideabaaz will take care of the reach of this initiative to the nook and corner of the country," he said.