Entrepreneurs-In-Residence Program: NIT-Rourkela’s FTBI Selects Two Start-Ups

Routkela: The National Institute of Technology Rourkela’s (NIT-R) Foundation for Technology and Business Incubation (FTBI) center has selected two start-ups under the Entrepreneurs-in-Residence (EiRs) program to support the young start-ups with innovative ideas.

The two selected start-ups are Yarev Technology Pvt Ltd and Clavictor Academy Pvt Ltd. The aim of this program is to support and build a strong ecosystem for Indian start-ups and help realise the vision of the Prime Minister for building an Atmanirbhar Bharat.

Animesh Biswas, Chairman, FTBI, and Director, NIT Rourkela said, “I feel immensely proud of the innovations created by Yariv Technologies and Clavictor Academy which was done at FTBI-NIT Rourkela. I do believe, soon we would be able to achieve more of such innovations which would also fetch us higher positions in the Atal Rankings of Institutions and Innovation Achievements.”

Yariv Technologies Pvt Ltd start-up focuses on manufacturing disruptive solutions in the field of home automation, water quality monitoring, water conservation, etc. Clavictor Academy Pvt Ltd provides a better quality of education to the state board students with a mobile application called Climate.

Dr Debayan Sarkar, Professor-in-Charge, FTBI, NIT Rourkela, said, “FTBI NIT Rourkela is Section 8 Company, supported by DST and housed at National Institute of Technology, Rourkela. It is one of the fastest emerging incubation centers in western Odisha and aspires to become a hub of entrepreneurial activities. It has nurtured several start-ups, mostly founded and run by students and alumni.”

Both start-ups will be incubated for a period of one year that can be extended by six months upon the steering committee’s approval