IITs in various locations across the country have been incubators of innovations, inventions and game-changing ideas and solutions. Now, Swedish telecom maker Ericsson has announced that they will fund two projects developed by IIT students reports The Hindu Business Line. The idea aims to encourage an innovation culture among students in IITs and nurture innovative solutions.
Ericsson had launched the Ericsson Innovation Awards in association with the Foundation for Innovation and Technology Transfer (FITT) in November last year to recognise the spirit of innovation in IITs. The awards sought student proposals for innovations in areas like web design, cloud computing, storage and networking and human-machine interface among others. These proposals would be screened and shortlisted through two jury sessions in the preliminary phase with the shortlisted proposals receiving an incentive to complete the initial prototype in three months.
An overwhelming 67 projects were submitted by students from the selected seven IITs on themes such as recognition of facial speech gestures using electromyography, location-wise traffic analysis based on social network data and a human security device for alerting in distress. Chris Houghton, Head of Region India, Ericsson, told BusinessLine,
The jury has chosen the top 10 which were financially supported to develop the Proof of Concept. We will be announcing two winners from the 10 shortlisted projects on May 12. We will grow this programme in terms of scale and scope, going forward.”
Ericsson will award the winners Rs. 10 lakhs and support the incubation phase of the project over a two-year period at any approved Technology Business Incubator. The intellectual property for the project will also remain with the winners. At the time of announcing this initiative, Anil Wali, Managing Director, FITT, said: “The Ericsson Innovation Awards is a great initiative that encourages students to push their boundaries and come up with innovative solutions, while also providing them with necessary support to incubate their projects.”