IIT Bombay partners with private foundation to boost deep-tech innovation, student entrepreneurship
Press Trust of India | December 10, 2025 | 07:08 PM IST | 1 min read
The programme will provide development support to about 100 teams annually as part of their entrepreneurship and capstone course, helping nearly 400 teams develop, test, and refine their solutions over 4 years.
Mumbai: The Indian Institute of Technology Bombay (IIT Bombay) on Wednesday announced a partnership with Groww Foundation to accelerate deep-tech innovation and enhance the translational research ecosystem. The initiative will be anchored within the Desai Sethi School of Entrepreneurship (DSSE) at IIT Bombay, leveraging its dynamic ecosystem to provide early-stage teams with the infrastructure, mentorship, and structured evaluation systems, the institute said in a statement.
IIT Bombay Director Prof Shireesh Kedare noted the partnership reflects the institute's commitment to nurturing innovators. "This partnership with Groww Foundation represents a significant step in strengthening India's deep-tech innovation pipeline. By bringing together structured programmes and a dedicated innovation space, we are creating a comprehensive pathway for students to translate ideas into solutions.
This collaboration reinforces IIT Bombay's commitment to nurturing technologically skilled and socially conscious innovators," Kedare maintained. As part of the collaboration, the Groww Innovation Space - a state-of-the-art 15,000 sq ft facility- will be located in the DSSE building.
Over a period of four years, student-faculty teams will receive funding and sustained guidance from faculty and mentors, with high-performing interdisciplinary student teams gaining potential access to support for incubation.
The programme will provide development support to approximately 100 teams each year as part of their entrepreneurship and capstone coursework, enabling nearly 400 teams over four years to build, test, and refine their solutions, according to the statement. "Our partnership with IIT Bombay's DSSE is designed to unlock the full potential of aspiring student innovators by providing them with the resources and mentorship needed to transform bold ideas into impactful ventures.
Together, we aim to build a thriving ecosystem that not only nurtures deep-tech solutions but also contributes to sustainable and inclusive growth across multiple sectors," Groww Foundation Head Kalpana Swaminathan added.
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Next Story
]Featured News
]- Experts propose 7 spots for university townships in education ministry’s post-budget webinar
- Primary school teachers in Karnataka must serve 12 years before promotion, say new recruitment rules
- JNU, TISS Mumbai, BHU: Student unions vanish from universities with elections scrapped, councils taking over
- Students in University of Aberdeen, Mumbai, get credential exactly the same they’d get in Scotland: COO
- ‘IIMC to upgrade all journalism and mass communication courses to MA degrees, phase out PG diplomas’: VC
- Rebuilding Calcutta University: VC Ashutosh Ghosh’s priorities are recruitment, fixing finances, reforms
- PARAKH’s Foundational Learning Study 2026 to cover 1 lakh Class 3 students across 10,000 schools
- Telangana: Government Degree College Vikarabad moves out of school and into DIET campus
- ‘Shouldn’t open universities like shops’: Odisha higher education expands but students rue plummeting quality
- Dual degrees, faculty exchange: States bet on foreign university tie-ups, but fine print tells another story