Latest news with #DeepuPhilip
Time of India
27-06-2025
- Business
- Time of India
Standards for success: BIS workshop at IIT-K empowers startups
Lucknow/Kanpur: The Bureau of Indian Standards (BIS) and Startup Incubation and Innovation Centre (SIIC) at IIT-Kanpur hosted a workshop bringing together innovators, startups and BIS leaders to discuss the crucial role of standards in India's innovation journey. The workshop-- 'From Innovation to Impact: BIS Standards Serving the Startups'-- aimed at highlighting how Indian standards can accelerate commercialization, enhance quality assurance and support global market access for startups. BIS plays a vital role in developing national standards, with over 400 technical committees and over 25,000 standards across 17 sectors. Standards are essential across all sectors, and BIS supports the Government of India and startups in using them as tools for impactful growth. The workshop provided actionable insights on managing post-launch quality, meeting Quality Control Orders (QCOs), and addressing sustainability and regulatory challenges. Dean of research and development at IIT-K Prof Tarun Gupta emphasised the importance of innovation and quality going hand in hand. Professor-in-charge of SIIC IIT-K Prof Deepu Philip highlighted the role of BIS in enabling startups to view standards as launchpads rather than constraints. "BIS is helping make standards a springboard rather than a speed bump, empowering the innovation ecosystem. We have always emphasized the need for innovative, high-quality, market-ready products that can thrive both nationally and on the global stage," Gupta said. Deputy director general (standardization-I), BIS, Reena Garg said: "BIS plays a vital role in developing national standards, with over 400 technical committees and 25,000+ standards across 17 sectors. Standards are essential across all sectors, and BIS supports the Government of India and startups in using them as tools for impactful growth." The workshop provided an overview of BIS's key functions, including standard formulation, product certification, and system certification. BIS reiterated its commitment to co-developing future-ready, inclusive standards by engaging with India's entrepreneurial community.
Time of India
13-06-2025
- Business
- Time of India
US firm commits 25cr for IIT-K startups in aerospace, defence
Kanpur: US-based venture capital firm- Foxhog Ventures Corp- announced a Corporate Social Responsibility (CSR) investment of Rs 25 crore to support innovative startups incubated at the Indian Institute of Technology, Kanpur through the institute's Startup Incubation and Innovation Centre (SIIC). Tired of too many ads? go ad free now In addition to the CSR investment, a dedicated CEO Fund, operated by Tarun Poddar, CEO of Foxhog Ventures, will offer research and development grants to newly incubated startups aligned with Foxhog's social impact mission. Recently, Poddar had visited IIT Kanpur on June 11, where he engaged with student entrepreneurs and early-stage ventures and pledged strategic support to bolster India's innovation ecosystem. The visit included an insightful presentation by Deepu Philip, professor-in-charge (Incubation & Innovation), SIIC IIT Kanpur, highlighting SIIC's vision and milestones. Piyush Mishra, COO and CFO of SIIC, was also present during the engagements. As part of the visit, a select group of SIIC-incubated startups presented their products and technologies, showcasing innovations in defence and aerospace, agritech, and sustainability. Speaking on the occasion, Poddar said, "Innovation with purpose has the power to change lives and nations. We see immense potential in India's youth-led startup ecosystem, especially in critical sectors like defence, aerospace, agritech, and sustainability. Our CSR initiative at IIT Kanpur is a step towards nurturing this talent and creating meaningful social impact. I am also proud to announce that our CEO Fund will also offer R&D grants to mission-aligned ventures. Tired of too many ads? go ad free now " The CSR funds will be directed towards startups working in defence and aerospace, agritech, and sustainability. Foxhog Ventures will explore further capital infusion through equity, debt, and convertible notes, forming part of a wider commercial investment strategy. Prof Deepu Philip said, "At SIIC IIT Kanpur, we believe in empowering cutting-edge tech-product oriented startups with the right mentorship, capital, and infrastructure partnership will amplify our efforts to translate breakthrough ideas into scalable product-based solutions that will power our country's rapid growth." A formal Memorandum of Understanding (MoU) between IIT Kanpur and Foxhog Ventures will be prepared, under which IIT Kanpur will play a key role in evaluating, mentoring, and monitoring the startups receiving support, ensuring rigorous technical due diligence and alignment with national priorities.
Time of India
05-06-2025
- Business
- Time of India
IIT-K, SBI Foundation launch startup innovations initiative
Kanpur: The Indian Institute of Technology-Kanpur's Startup Incubation and Innovation Centre (SIIC), in partnership with SBI Foundation, the CSR arm of the State Bank of India, launched the 'Startup Innovations for Social Good' initiative under SBIF Innovators for Bharat on Thursday. 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.
