To Promote 250 AI Startups in 5 Yrs, IIT-Kanpur Setting Up CoE for Artificial Intelligence in its Noida Campus

Soon a centre of excellence (CoE) in Artificial Intelligence and Innovation-Driven Entrepreneurship (AIIDE) will come up at the Noida outreach campus of the Indian Institute of Technology, Kanpur (IITK).

Developed in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI), the AIIDE CoE will provide financial assistance to start-ups under the Start-up Policy 2020. It is planned to incubate 250 startups in 5 years (50 start-ups each year) on the cohort model from which 20 start-ups will be given follow-up funding.

IIT-Kanpur will give the technological expertise and incubation support, while FICCI India will provide industry tie-ups and business connect.

The aim of the centre is to create successful enterprises by offering guidance and mentorship to start-ups in the field of artificial intelligence (AI).

Abhay Karandikar, Director of IIT Kanpur, said --

The center plans to foster entrepreneurship and facilitate usage of Technology. The main aim of the centre is to create successful enterprises by offering guidance and mentorship to startups in the field of Artificial Intelligence (AI).

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