The Defence Institute of Advanced Technology (DIAT), the deemed university of the defence research and development organisation, has opened its door for entrepreneurship and startup programmes as part of its Innovation and Incubation Centre (IIC) policy.
DIAT has framed IIC policy and is promoting faculty members and alumni to launch startup companies on the DIAT campus. The idea is to develop indigenous solutions for various technological challenges within the country. The IIC-DIAT hosted its first company on campus — Navyukti Innovations Private Limited.
The new on-campus company was inaugurated last week by Dr CP Ramanarayanan, Vice-Chancellor, DIAT who mentioned in his announcement that the company was launched under DIAT’s IIC policy which promotes entrepreneurship and start-ups to be established in the field of Defence Technology along with future-oriented technologies. He further added that DIAT aims to engage students, faculties, scholars and alumni of the Institute in the activities of the Innovation and Incubation Centre activities.
Start-ups have become a major part of the Indian ecosystem with a boost from the Indian government. Yes, the government is promoting several initiatives to boost this start-up culture in the country which will give India, global recognition while strengthening its economy at large.
Under the leadership of Prime Minister Narendra Modi, the Indian government has launched its ‘Atmanirbhar Bharat’ initiative which means Self-reliant India. Under this scheme, the government is promoting start-ups and companies to begin manufacturing locally and not be completely dependent on international markets. The success of this initiative will boost the country’s economy and make India a global exporter of products.
The idea behind DIAT supports this initiative where the institute is focussed on developing indigenous technologies that will contribute to the Government’s initiative to become self-reliant. The success of such initiatives will surely put India in the position of a market leader in future technologies.