V Ramgopal Rao, Vice-Chancellor, BITS Pilani said in a statement, “The world requires our best researchers and academics to put their innovative research to use in solving the biggest challenges facing humanity. As a country, we haven’t done enough in the area of Deep Technology and Deep Science ventures, where a startup takes a long time to become viable. With this new program, we want PhD scholars to become an entrepreneur along with becoming an innovator, and not just look at an academic career post their PhDs”.
The goal, he added, will be to incubate 100 startups through this program by 2030. BITS Pilani alumni have created over 7400 startups all over the world so far including 13 unicorns and a decacorn.
He further added, “Our current focus areas include solutions to address issues related to homeland and cyber security, healthcare, environment, agriculture, space and energy. Many sub-domains in these areas related to climate change, industry 4.0, food-technology etc will be of interest. The idea is to make advanced technologies such as quantum science and nanotechnology work for people at the grassroots. The PhD students under this startup track shall join a centre of excellence or a specialized lab at BITS Pilani working in these areas.”
BITS Pilani and its technology business incubators such as DST supported PIEDS, BIRAC supported BGIIES, and the DST NM-ICPS supported BioCyTIH will work with various partners including investment partners, government labs, industry experts, corporates, and BITS alumni to keep the PhD scholars on a path of forming a startup, and also create opportunities for them to seek further investments. Speciale Invest, a leading venture capital firm with a focus to invest in deep tech startups has already expressed their early support to the program. Vishesh Rajaram, Managing Partner, Speciale Invest, said, “Academia is a breeding ground for deeptech innovations and as a leading deeptech investor in India, we are excited to partner with BITS Pilani in an innovative programme to foster the next generation of deep science and deeptech entrepreneurs.”The scholars will be working in various Centre of Excellences that BITS has set up in the areas of Semiconductors, Bio-Cyber Physical Systems, Artificial Intelligence and Machine Learning, Medical Diagnostics and Infectious Diseases, amongst others. The scholars would be supported through a much higher stipend, and would be provided a prototyping grant during the program.The admission for this program will be round the year and notifications for the program shall be posted on BITS website and its social media channels. BITS Pilani is leveraging its strong alumni network and corporate partners for funding and mentorship support.BITS Pilani is an institution that offers programs in science, technology, and management from its 5 campuses – Pilani, Dubai, Goa, Hyderabad, and Mumbai. In 2021, it launched BITS School of Management (BITSoM), a new-age global business school, and in 2023, it began offering programs in Law through the BITS Law School (BITSLaw). It also offers program to working professionals in more than 300 companies through its Work Integrated Learning Programs.
