Summary:
The centre is patterned after similar Centres at MIT (Cambridge, USA), University of New Brunswick, Canada (The Pond-Deshpande Centre for Innovation and Entrepreneurship), Queens University, Canada (Dunin-Deshpande Queens Innovation Centre), and the Deshpande Center for Social Entrepreneurship at Hubli, KarnatakaIt will also be part of a robust network of over 100 institutions that are part of the annual Deshpande Symposium for Innovation and Entrepreneurship. more-inThree alumni of Indian Institute of Technology Madras — Jaishree Deshpande, Gururaj “Desh” Deshpande and S.
Kris Gopalakrishnan — have joined hands and launched a centre for innovation and entrepreneurship at the campus in Chennai. Kris Gopalakrishnan, Chairman of Axilor Ventures, said the innovation and entrepreneurship ecosystem at IIT Madras will be enhanced by the opportunity to learn from the global network of such centres. Every program the centre seeds, if successful, will ultimately stand on its own and the centre will not play a role in it after it is up and running. The Gopalakrishnan-Deshpande Centre will get a funding of $500,000 per year over the next 5 years..