IIT Madras Incubation Cell sees surge in number of start-ups at 18% in FY18

IITMIC claims the start up mortality rate in the incubators are lowest

The number of start-ups getting incubated in the Indian Institute of Technology, Madras (IITM) has seen an increase of 18 per cent during 2017-18, with the cumulative funds raised by these companies has gone up to Rs 8 billion. It has generated a cumulative revenue of Rs 1.35 billion during the year, said Bhaskar Ramamurthi, Director of IITM.

The IITM Incubation Cell (IITMIC), which links and synergises the sector-specific incubators, student pre-venture initiatives and translational research at IITM, claims that the mortality rate of start-ups in the cell is one of the lowest in the entire nation, at less than 20