Startup Innovators: 'The Engineers' Lighting the Lamp of Innovation

Engineering Students Dominating Business Graduates When compared to the other B schools of India, students from the Indian Institutes of Management are noticed to take up corporate jobs. Reportedly, more than 5,489 startups founded by different IITs like Bombay, Delhi, Guwahati, Kanpur, Kharagpur, Madras, and Roorkee. Whereas, the data of Tracxn shows the graduates of IIM have only given birth to 1086 startups in which 494 are funded and 16 are unicorn.

From the prestigious classrooms of IIT and other engineering schools, imparting intuition and great learning opportunities, the students are diving straight into the startup landscape of India. Tracxn data also revealed that, only IIT Delhi students have founded 1,890 companies, 882 of them are funded and 29 are Unicorn. They are the new generation of innovators who have the ability to influence the whole world by introducing us with healthTech, smart energies, edTech, deepTech, cleanTech, climateTech, spaceTech, and more. Not only they are progressive but they are also sensitive to nature, natural environment and thus to our future generations too.

Anshuman Das, Founder & CEO, LONGHOUSE Consulting stated that, initially the IIT graduates seek high paying jobs in multinational organizations especially in different tech based sectors like healthTech, finTech, Software, SaaS based and few of them pursue higher education in globally acclaimed universities to sharpen their international career aspects.

As the venture capitalists and angel investors are increasing these days, these graduates getting confidence to think about their startups. Very few IIT schools are attracting famous startups to visit for campus placements and inviting them to take part in various events. This is encouraging the students and bridging the gap between their theoretical knowledge and practical knowledge.

Rishikesha T. Krishnan, Director of IIMB, says, “The number of management students who start up on their own after graduation may be around 2-3%. Of course, the sheer number of engineering graduates far outweighs the number of MBA graduates as India produces an estimated 1.5 million engineers and 300,000-plus MBA graduates per year.”