IIT' students prefer start ups over MNC's

Published on April 18, 2015 14:14:20 PM
Education
Inspired by the magic spell of N R Narayana Murthy, Nandan Nilekani and Kris Gopalakrishnan, more and more IITians were taking an off-beat path, by taking up start-up jobs. The recent trend  from IIT's is the growing number of young engineers turning down hefty packages being offers by MNCs'. The prevailing trend is geared towards jobs in the start-up industry, insiders say.  

In IIT-Madras,10 students recently opted for start-ups this year, for the first time. In IIT-Bombay,12 students have launched start-ups against one student, in 2013-14. In IIT-Madras, surprisingly,13% of placements went to start ups this year, while from IIT-Mumbai, the corresponding figure was 11% against 7% last year.

The urge to start own ventures, or to be a part of start-ups, is a relatively a new trend, currently gaining currency in IIT'S, giving motivation to numerous successful technology ventures by IITians in recent years.
Ashwin Mahalingam, associate professor of IIT-Madras, said availability of venture capital funds help to sustain start ups with their often luring salaries. Advitiya Sharma, co-founder of Housing.com and an IIT-Bombay alumnus, said problem-solving skills of the IITians, were their real assets that help them to break all the odds in running successful enterprises.