India's University of Petroleum and Energy Studies (UPES) is known for its oil and gas programs, but it's now looking to add another feather to its cap: entrepreneurship.
Per the Times of India, UPES has received a nearly $5 million grant from the country's Department of Science and Technology (DST) to set up the Runway Incubator, which will offer " comprehensive support and resources to start-ups specializing in deep technology," including artificial intelligence, machine learning, sustainability, and AgriTech, per a press release.
The incubator will also offer access to "state-of-the-art facilities like advanced labs, design, Dies & Development (3D) rooms, co-working space and recreational facilities," per the release.
Rahul Nainwal, CEO of Runway, says the incubator will focus on "pioneering concepts that intersect technology with social, economic, and developmental challenges, fostering solutions that can create meaningful impact."
Nainwal tells CNBC-TV18, "We believe in equipping students with a comprehensive skill set and empowering them to convert their ideas into viable businesses....
This grant will help us strengthen our ecosystem and build a strong network between academia, investors, mentors, industries, and other institutions."
The announcement of the Read the Entire Article
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