GITAM and IIT Hyderabad to support 75 innovators

Selected innovators will get benefits including financial aid of up to Rs 1 lakh, mentorship, prototyping support and co-working space

Hyderabad: GITAM (Deemed to be) University’s entrepreneurship & innovation cell, Venture Development Centre (VDC) has signed a MoU with iTIC Incubator at IIT Hyderabad to support 75 innovators.

The iTIC Incubator in collaboration with Greenko Group has launched a new programme called Bold & Unique Idea Led Development (BUILD), to support UG students and recent graduates to give shape to their innovative ideas and eventually turn them into a startup.

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Under the BUILD initiative, it signed the MoU with 14 incubators pan-India to promote the programme, and to scout, shortlist and support 75 innovators.

Selected innovators will get benefits including financial aid of up to Rs 1 lakh, mentorship, prototyping support and co-working space. At the end of the 12-month programme, innovators could get a chance for pre-incubation support and further grants at iTIC Incubator at IIT Hyderabad.

Innovators can apply through the iTIC website: itic.iith.ac.in build with the deadline being July 5.