
IIT-K, SBI Foundation launch startup innovations initiative
The initiative is also supported by SBI DFHI Limited and SBI Ventures. The programme was announced on Thursday at an event held at the IIT-K Outreach Centre, Noida.
The initiative will nurture 30 impact-driven startups—24 of which will be early-stage and 6 will be growth-stage—in domains such as AgriTech, Healthcare, and CleanTech. Spanning 18 months, the program will offer a structured incubation program with continuous mentoring, domain-specific support, and performance monitoring to ensure effective, socially impactful outcomes.
The launch event was attended by Amey Karkare, dean of resources and alumni, IIT-K; Deepu Philip, professor incharge, Innovation & Incubation, FIRST; Sanjay Prakash, MD & CEO, SBI Foundation; Ambika Prasad Bhuyan, vice president (head marketing and strategies), SBI DFHI Ltd; Kapil Kaul, CEO, IIT-Kanpur development foundation; Kumar Alok IAS (Retd.), former Chief Secretary Tripura and Prof of Practice, IIT-K; Aman Bhaiya, vice president and head (Strategy) SBI Foundation; and Piyush Mishra, COO, FIRST SIIC Kanpur, among other dignitaries.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
38 minutes ago
- Indian Express
IIT Madras' new UG, PG programmes for 2025-26: Check list of courses here
The Joint Seat Allocation Authority (JoSAA) Counselling 2025 has now reached Round 5, and the latest seat allotment results were released on July 11 at Candidates are now required to complete fee payment, upload documents, and respond to queries by July 14. Candidates who want to withdraw or exit the process can do so between July 12 and July 14. JoSAA Counselling 2025: IIT Madras to commence classes from July 31, orientation on July 26-27; check details This year, the Indian Institute of Technology (IIT) Madras announced several new undergraduate and postgraduate programmes set to commence from the academic session of 2025–26. These courses are designed to align with evolving technological changes and promote leadership in academia and industry. Additionally, IIT Madras has introduced new admission categories aimed at recognising students with proven achievements in sports and fine arts, thereby broadening access and inclusivity. The Indian Institute of Technology (IIT) Madras has introduced new undergraduate and postgraduate programmes from the academic year 2025–26, aimed at strengthening student preparation for emerging technologies and industry-academia leadership. In addition, the institute has formalised new admission categories for candidates with demonstrated excellence in sports and fine arts. IIT-M launched five new degree programmes this year across the undergraduate and postgraduate levels: BS (Chemistry): This four-year programme, with an optional upgrade to MS, will admit students via the IISER Aptitude Test. It combines theoretical learning with laboratory experience, offering opportunities for research projects, interdepartmental collaboration, and minor specialisations such as Data Science. MTech in Electric Vehicles: Admission to this interdisciplinary, industry-aligned programme will be through GATE. It focuses on the full electric mobility ecosystem, preparing students through coursework, lab sessions, internships, and research in electric vehicle subsystems. BTech in Computational Engineering and Mechanics (CEM): To be offered by the Department of Applied Mechanics and Biomedical Engineering, this programme integrates classical engineering knowledge with modern computational and AI tools. Admission is through JEE. BTech in Instrumentation and Biomedical Engineering (iBME): Also offered by the same department, this programme trains students in medical device development, rehabilitation technology, and AI-driven healthcare solutions. Admission is through JEE. Both BTech programmes, CEM and iBME, also allow students to upgrade to five-year Dual Degree options under the Interdisciplinary Dual Degree (IDDD) framework. These include Computational Engineering, Biomedical Engineering, and Complex Systems and Dynamics. IIT Madras has launched the Fine Arts and Culture Excellence (FACE) admission route for undergraduate programmes beginning 2025–26. The FACE category is designed for students who have achieved distinction in fine arts and cultural activities. Admissions under this category will take place via a dedicated portal at and not through the Joint Seat Allocation Authority (JoSAA). The Sports Excellence Admission (SEA), launched in the 2024–25 academic year, is aimed at recognising and enabling students who have excelled in sports to pursue technical education alongside their athletic pursuits. Both categories will reserve two seats per BTech and BS programme, one female-only and one gender-neutral.


India.com
an hour ago
- India.com
Meet Man Who Left Goldman Sachs To Become Security Guard, Later Joined An IAF Pilot to Build Rs 16,70,00,00,000 Company — Know Who He Is...
photoDetails english 2930652 MyGate Success Story: Industrialist Harsh Goenka recently shared the amazing story of Abhishek Kumar, an IIT Kanpur graduate who gave up a high-paying job to become a security guard. But this was no ordinary job switch. Abhishek worked 14-hour shifts in uniform to deeply understand how security works in Indian gated communities. People thought he was just another guard. No one knew he was actually building something big—MyGate. Today, MyGate is used by over 4 million people in 25,000 housing societies. It handles more than 100 million check-ins every month and has helped 1.2 million security guards switch to digital tools. Abhishek didn't do this alone. He teamed up with Vijay Arisetty, a former pilot and war veteran, and Shreyansh Daga, a tech expert from IIT-Guwahati and ISB. With their combined knowledge from top Indian institutions, the trio turned a simple idea into one of India's leading community apps. From guarding gates to guarding homes with smart tech—MyGate has changed the way India lives. Updated:Jul 12, 2025, 12:37 PM IST From Goldman Sachs To Guard Duty 1 / 8 Abhishek Kumar, an IIT Kanpur alumnus and former Goldman Sachs executive, took up 14-hour shifts as a security guard. His goal wasn't employment—it was deep, firsthand research into the problems faced by security staff at gated communities. Abhishek Kumar- A Actual Security Guard 2 / 8 Residents believed Abhishek Kumar was an actual guard. His research was so immersive that no one suspected he was on a mission to disrupt the security ecosystem and later lead India's top gated community management app—MyGate. Founding Of MyGate In 2016 3 / 8 In 2016, Abhishek Kumar teamed up with Vijay Arisetty, a former Indian Air Force (IAF) pilot who received the Shaurya Chakra for saving hundreds of lives in Andaman & Nicobar Islands in the 2004 tsunami, and Shreyansh Daga to launch MyGate—a platform designed to manage visitor entry, maintenance, housekeeping, and security services in Indian housing societies using smart, digital solutions. MyGate: Reaching Millions of Homes 4 / 8 Today, MyGate is trusted by over 4 million residents across 25,000 housing communities. The platform handles more than 100 million digital check-ins each month, ensuring streamlined and secure access for visitors and service providers. MyGate: Rs 100 Crore Funding Boost 5 / 8 In 2022, MyGate secured ₹100 crore in a funding round led by Urban Company and Acko. The funding supported the platform's growth, innovation, and expansion into new areas like home automation and smart security. MyGate: Launch of Smart Locks in 2023 6 / 8 In September 2023, MyGate stepped into the smart home segment with 'MyGate Locks'—a range of smart door locks aimed at enhancing digital security for Indian households, further expanding the company's product portfolio and impact. Strong Financial Turnaround 7 / 8 MyGate's revenue jumped from ₹77 crore in FY23 to ₹109 crore in FY24. Impressively, its net losses also reduced drastically from ₹227 crore to just ₹39.7 crore, showing improved operational efficiency and growth. Abhishek kumar's MygGate Valuation Milestone 8 / 8 The three co-founders—Kumar, Arisetty, and Daga—now hold a combined 24.83% stake in MyGate. The company is currently valued at Rs 1,670 crore (around $200 million), according to startup data platform Tracxn.


Mint
8 hours ago
- Mint
Climate Change and You: The folly of human control
Dear Reader, Our annual mango season is almost over. I hope you ate some good ones as they are not easy to find these days. India's beloved fruit is mired in a cauldron of misfortunes, which include wayward weather, poor orchard management and unsafe post-harvest practices. Frankly, I am worried about what will happen a few decades from now. Will the 500-year-old Alphonso still be around? What will we lose if we lose our best varieties, most of which are centuries old? Don't lose sleep over it just yet— a lot many things in this world are hanging by a fine thread. Let me tell you a different story. One that I learnt not so long ago and it took my breath away. The story of agriculture, we were told, is a result of 'domestication' of different plant and animal species by humans – a result of human ingenuity which began 10,000 years ago, laying the foundations of modern civilization. But, it appears, the forces that drove the human-plant relationship is much more complex. Did we really tame, craft, and create the grains and fruits we eat today or was it the plants which made us do it in a co-evolutionary deal? To paraphrase Michael Pollan from his 2001 book, The Botany of Desire- A Plant's-Eye View of the World, did we domesticate the potato, or did the potato domesticate us? We did tame a wild species of grass and turned it into the rice we eat. But one can also look at it this way: a wild grass, a weakling when compared to giant trees, used humans to clear vast patches of forests and colonize parts of the planet. How fleshy fruit like mangoes evolved over millions of years inside tropical rainforests may sound like a thriller set in geological time scale. A catastrophic event about 66 million years ago— known as the K-Pg extinction event – wiped out a chunk of the earth's plant and animal species, including all non-flying dinosaurs. Likely due to a massive asteroid which hit the planet, the explosion blocked sunlight and killed three quarters of all species. The next age, known as the Paleogene witnessed a rapid evolution of mammals including primates (our early ancestors), and angiosperms or flowering plants. The angiosperms co-evolved with other species. From insects to birds, these flowering plants employed other species to multiply themselves. The bees lured by the nectar would carry pollens, the birds would eat the fruit and deposit the seeds far away. So, in exchange for a reward, angiosperms took the help of other species to colonize the planet. The theatre in which the mango came into its own did not exist before the K-Pg cataclysm, I learnt from the book Mangifera indica—A Biography of the Mango and conversations with its author Sopan Joshi. About 56 million years ago, during a phase of global temperature spike, the dense canopies of tropical rainforests prevented dispersal of seeds to newer areas. So, angiosperms had to find another way to propagate. They produced bigger seeds tucked inside even bigger nutrition-packed fruits. Then they struck a deal with primates living in trees to do the job of seed dispersal, luring them with changing colours of ready-to-eat ripe fruit. This was a period of co-evolution. Primates gained the ability to see a range of colours. They also developed forward-facing eyes (providing a better perception of depth in dense forests), unique shoulder joints, and dexterous hands that could grasp fleshy fruits. Joshi told me that the current scientific understanding is that, living on trees and searching for colour-coded ripe fruit in the canopies of tropical rainforests shaped the primate body. This process of primate co-evolution with angiosperms is again a counter to the notion that humans are in control. We need not think of agriculture as an example of our mastery over nature. Plants have shaped us too. For me, this is a humbling rejoinder to the history of the human race as it sets out to 'save' the planet. This is not to discount the role and imprint of our actions. As Pollan says, whether the apple or the snow leopard survives the human-induced climate crisis will depend very much on our desire to conserve one species over another. State of the Climate It's the season of devastation in India and elsewhere. Extreme rains and floods in Gujarat and the north-east claimed at least 60 lives in May and June. In the ongoing June-September monsoon season, at least 80 rain-related fatalities have been reported from the hill state of Himachal Pradesh while 38 are missing. The deaths were due to flash floods, drowning, electrocution, accidental falls, landslides, lightning strikes, and snake bites. Himachal received 35% more rains compared to normal till 8 July. Rainfall for the entire country was15% above normal between 1 June and 8 July. It seems the monsoon this year is going to be very wet. Keep a tab on weather updates and forecasts before you make any travel plans. The challenge is, climate change is making it harder to forecast localized events like extreme rainfall, director general of the India Meteorological Department Mrutyunjay Mohapatra told Mint. The lead-time for forecasts has shrunk, for instance, from three days earlier to one-and-a-half days now. Elsewhere, Europe is reeling under extreme heat. Roads have cracked open in Germany and tourists were barred from visiting the top of the Eiffel Tower in Paris as temperatures soared to a high of 41 degree Celsius. A new heat record was set in Spain at 46 degrees. In Texas, US, over 100 people have died, including girls camping by a river bank, after heavy rains triggered flash floods. 'This is what happens when you let climate change run unabated and break apart the emergency management system – without investing in that system at the local and state level," an expert told The Guardian. The news in brief Know Your Jargon A flooding event which leads to a quick surge in water levels following a few hours of heavy rain is known as a flash flood. Flash floods occur in small catchments where rapidly rising and fast-moving waters create a devastating impact. A typical flash flood is often the result of multiple thunderstorms within a short span of time. Hydrological factors like terrain slope, soil type and vegetative cover often determine its impact. For instance, in a steep rocky terrain which is also heavily concretized, a relatively small amount of rainfall can trigger a flash flood. Flash flood events have become frequent because of rising global temperatures. Warmer air holds more moisture for a longer period of time. The accumulated moisture is then dumped quickly, like a month's rain in just a few hours – as in Wayanad, Kerala, last July when continuous heavy rains triggered landslides and slope collapse, leading to 373 fatalities. Prime Number Less than three out of every 100 cars and six out of every 100 two-wheelers sold in India in FY25 were electric vehicles. These numbers are lower than industry estimates from a few years back. As a result of the underwhelming sales, legacy car makers are now moderating their bets on electric and considering a diversified portfolio of vehicles. This Long Story in Mint looks at the obstacles facing EV manufacturers, ranging from the availability of rare earths and lithium-ion batteries to the government's changing perception around electric vehicles. Play of the Month New games are combining adventure with environmental themes, offering players a chance to mock-save the planet while enjoying immersive gameplay. In one such game named Wheel World, you can take on elite cycling teams, scour the earth for rare parts, build the ultimate bike, and perform a ritual to save the world. In another game, ominously named Mycopunk, a ragtag squad of robots is tasked to rid the earth of a deadly fungal menace. That's all, for now. Bibek will be back with the next issue, in a fortnight.