IBLA 2024: IIT Madras honoured for its contribution to the Indian economy

At the forefront of India’s technological revolution stands an institution that has redefined innovation and education: IIT Madras. Since its inception in 1959, this prestigious institute has consistently shaped leaders who excel not only in engineering but also in business and entrepreneurship, creating startups that significantly contribute to the nation’s economy.

Through initiatives like the Startups and Incubation Program and the Technology Business Incubator, IIT Madras has nurtured an entrepreneurial spirit among its students, supporting over 233 startups that tackle real-world challenges across diverse sectors.

Its Research Park, home to over 200 startups, serves as a bridge between academia and industry, driving groundbreaking advancements in artificial intelligence, robotics, and renewable energy.

During the COVID-19 pandemic, IIT Madras played a critical role by developing rapid testing kits, contact tracing apps, and ventilators, showcasing its ability to respond swiftly to national crises.

The institute’s commitment to sustainability is evident through initiatives like the Centre for Innovation, which focuses on creating solutions to combat climate change.

For its unwavering dedication to education, research, and societal impact, and for standing as a beacon of progress, the CNBC-TV18 India Business Leader Awards 2024 proudly recognises IIT Madras for its Outstanding Contribution to the Indian Economy.