The Indian Institute of Technology-Madras (IIT-M) has launched a ‘Centre for Research on Start-Ups and Risk Financing’ (CREST) to provide academic and thought leadership in innovation, entrepreneurship and risk capital.
It would also create a unique world-class data repository on Indian start-ups and ventures to address a major hurdle for engaging in high quality research.
This information resource would be made accessible for researchers and policymakers that could result in top-tier publications, a press release from IIT-M said today.
With risk capital investment in Indian technology start-ups touching USD 68 Billion (Rs 4,76,000 crore approx) in the period between 2011-20, academic research and thought leadership can play an important role in sustaining and furthering this growth in entrepreneurship.
Insights and evidence from the rigorous academic research would support policy-making as well as increase the effectiveness of managerial and investment decision-making in entrepreneurship, the release said.