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IIT is a brand in India and in most parts of the world. It opens several doors. In the past, IITians have been highly entrepreneurial and continue to do so. Som
by arocks 14y ago
IIT is a brand in India and in most parts of the world. It opens several doors. In the past, IITians have been highly entrepreneurial and continue to do so. Some of the companies [1] started by IIT Alumini like Infosys, Flipkart, NIIT are quite well known success stories.
Again, contrary to what the letter might suggest, studies have shown that every IITian creates about a hundred jobs[2]. Unlike most technical institutions in India, IITs have startup incubation centers in the campuses which give funding for ideas based on sound business models.
Anecdotally, I do come across a lot of IITians in the startup space who claim to have the idea for the next Instagram or Facebook. But, I am happy to see that today IITians have embraced entrepreneurship compared to the brain-drain scenario several years back.
I only wish that brilliant students from other technical institutions had the same unenviable opportunities that an IITian has.
[1]: http://www.quora.com/Which-companies-startups-have-been-founded-by-IIT-graduates http://www.quora.com/Which-companies-startups-have-been-foun...
[2]: http://www.rediff.com/money/2008/dec/11iit-every-iit-ian-has-created-100-jobs-survey.htm http://www.rediff.com/money/2008/dec/11iit-every-iit-ian-has...