The institution's students, who are pursuing entrepreneurial ventures, can also use BITS Pilani's address to register their company
The Birla Institute of Technology and Science (BITS), Pilani will allow students and faculty members who want to launch their ventures to take a break of up to one year.
“In case (a) student intends to take a year off to pursue entrepreneurship on a full-time basis, his application would be routed through the dean for approval…,” the institute informed students through a policy document.
Interestingly, it may also allow students, who are pursuing entrepreneurial ventures, to use the institution's address to register their company with due permission.
This facility is available to students whose firms have been funded and incubated by Pilani Innovation and Entrepreneurship Development Society (PIEDS), BITS Pilani's official tech-business incubator.
With this, BITS seems ready to take on the Indian Institutes of Technology (IITs). IITs have played a significant role in contributing to the start-up ecosystem. At least one founder out of 73 of India’s 100 unicorns came from one of the 23 IITs in the country, according to Moneycontrol report.
On the other hand, alumni of BITS have founded more than 900 start-ups which also include 13 unicorns such as Zeta, MPL, Swiggy, bigbasket, Groww, among others.
The institute has recently launched ‘BITS innovation and startup policy of 2022,’ an initiative to boost the start-ups founded or co-founded by the institute’s alumni.
This programme will help the founders deal with resource plans to achieve entrepreneurship success. The future-centric initiative may increase the momentum of the Indian start-up drive.