Indian Institute of Technology Kharagpur · Est. 1951
Policy Launch
2026
Transforming Ideas into Impact
Innovation & Entrepreneurship Fund
For Students · Faculty · Staff · Alumni
From job-seekers to job-creators — IIT Kharagpur formalises its commitment to deep-tech innovation, venture creation, and a thriving startup ecosystem for its entire community.
₹50L
Student Seed Funding (up to)
3–5%
IP Equity Framework
4
Incubation Hubs
360°
Faculty Participation
Key Drivers
→
Idea-to-Venture Translation
Students and faculty actively encouraged to convert research outcomes and ideas into new deep-tech ventures with full institutional backing.
→
Easy Approval Process
Streamlined, transparent processes for startup registration, incubation access, and policy compliance — minimal bureaucratic friction.
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Accessible Funding
Seed grants, soft loans, milestone-based disbursements, and access to national schemes such as PRISM, SISFS, and BIRAC.
→
Multifaceted Faculty Roles
Faculty may serve as founders, directors, shareholders, advisors, or mentors — all formally recognised as academic contributions.
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Simple & Attractive IP Licensing
Equity-based licensing at 3% for own technology developed by the founder, and 5% for technologies owned by others within the Institute — clear, fair, and founder-friendly terms that make commercialisation straightforward.
Additional Policy Pillars
01
Academic Integration
Innovation course substitutes a breadth elective with structured mentorship and funding.
02
Flexible Student Pathways
Reduced credit loads and extended graduation timelines for full-time student entrepreneurs.
03
Infrastructure Access
Concessional use of labs, co-working spaces, and prototyping facilities for eligible ventures.
04
Governance & Ethics
Annual COI disclosures, evaluation firewalls, and TTO oversight ensure institutional integrity.
05
Alumni as Catalysts
Alumni formalised as mentors, investors, and co-founders within the IITKGP ecosystem.
06
Platinum Jubilee Award
Annual faculty award recognising outstanding contribution to innovation and entrepreneurship.
Open To
Students
UG · PG · PhD
Faculty
All Roles Welcome
Staff
Innovators
Alumni
Investors & Co-founders
Incubation Hubs & Ecosystem Partners
IIT KGP Research ParkSTEPAI4ICPSABIF
Seed Funding Applications
Platinum Jubilee Seed Fund
Applications close on 5th June, 5:00 PM IST
Please have your Pitch Deck's drive link ready for upload when submitting your application. Faculty/Staff must also duly fill and attach the No-Conflict of Interest Form. Incomplete submissions without all required documents may not be considered.
Proposals for Entrepreneurship Seed Fund will be continued to be accepted year round on a rolling basis. The current call and deadline may be treated as a special drive.
This pathway is for those seeking institutional permission to engage with a startup — without seeking funding or incubation facilities — or for those applying to become a mentor, advisor, or director for a startup within the IITKGP ecosystem.
If you are applying only for permission to launch a startup (without seeking funding or incubation facilities), or if you are applying to become a mentor, advisor, or director for a startup, you may ignore the "Pitch Deck URL (PDF/PPT)" submission requirement on the portal.
Instead, please submit the drive link to your filled & signed Venture Disclosure (w/o Funding) Form and No-Conflict of Interest Declaration Form using the downloadable format provided above. Ensure all relevant information regarding the company you intend to engage with is filled out completely.