ADIF and IIT Guwahati Incubation Center sign MoU to boost startup ecosystem

ADIF and IIT Guwahati Incubation Center sign MoU to boost startup ecosystem

The Alliance of Digital India Foundation (ADIF) and IIT Guwahati Technology Incubation Centre (IIT Guwahati TIC) on Wednesday said they had signed a Memorandum of Understanding (MoU) to promote entrepreneurship and provide support to technology startups.


"IIT Guwahati Technology Incubation Centre is delighted to join hands with ADIF to create a more conducive environment for our brightest minds to transform their innovations into successful businesses specially in the North East India," said Prof. G. Krishnamoorthy, President, Council of Management, IITG, TIC. "We look forward to nurturing entrepreneurship through this synergistic partnership."


"Today marks a big step for us in helping startups grow. Joining hands with ADIF means we can give our startups better chances to succeed in the digital world and support India's self-reliance goals. This collaboration will open doors for our startups to thrive and make a real difference in different parts of the economy. Together, we're using technology and entrepreneurship to make India's future brighter” said Prof. Senthilmurugan Subbiah, Professor Incharge, IITG TIC.


The two-year MOU aims to strengthen the startup ecosystem by facilitating collaboration between ADIF's network of startups and entrepreneurs, and IIT Guwahati's pool of innovators, faculty, and incubation facilities. Under the agreement, ADIF will provide alliance membership to IITG TIC's portfolio startup companies, giving them access to ADIF's startup toolkit of discounted services, resources and mentorship opportunities. On the other hand, IITG TIC will assist ADIF members through mentoring, market linkages, pitching support, networking events and acceleration programs.



"We are excited to partner with the prestigious IIT Guwahati, Technology Incubation Centre to empower early-stage startups through our combined resources and networks," Prateek Jain, Associate Director at ADIF said in a statement. "This collaboration underscores our shared vision of catalyzing India's entrepreneurial ecosystem."


Under the agreement, ADIF said it will provide alliance membership to IITG TIC's portfolio startup companies, giving them access to ADIF's startup toolkit of discounted services, resources and mentorship opportunities.


On the other hand, IITG TIC will assist ADIF members through mentoring, market linkages, pitching support, networking events and acceleration programs.


The partners said they would jointly organize startup courses, workshops, hackathons and research initiatives involving students, faculty and entrepreneurs. Additionally, ADIF said it would promote IIT Guwahati TIC's events and programs through its channels for greater visibility.


"IIT Guwahati Technology Incubation Centre is delighted to join hands with ADIF to create a more conducive environment for our brightest minds to transform their innovations into successful businesses specially in the North East India," Prof. G. Krishnamoorthy, president, council of management, IITG, TIC said. "We look forward to nurturing entrepreneurship through this synergistic partnership."

The partnership will provide startups crucial support in areas like policy advocacy, technology solutions, mentoring, funding opportunities and more to help them scale rapidly.


Dr Swapnil Sinha, CEO, Bionest IIT Guwahati, Pooja Thakur, Incubation Manager and Kulendra Roy Choudhary, Assistant Accounts Officer from IITG TIC were also present during the signing ceremony.


About ADIF

The Alliance of Digital India Foundation is the alliance to help making India a nation of job creators instead of job seekers by strengthening the startups of the country. It focuses on policy advocacy, sustainability support and other operational challenges for Indian startups.


About IITG TIC

IIT Guwahati Technology Incubation Centre (IITG TIC) is a non-profit registered society dedicated to fostering entrepreneurship and incubating technology-based startups derived from the institute's innovations and research outcomes. With a strong emphasis on innovation management, entrepreneurship, and intrapreneurship, IITG TIC serves as a pioneering initiative to support and nurture aspiring entrepreneurs in translating their ideas into successful ventures.