Swedish telecom gear maker Ericsson has invited project proposals in these areas from IIT students across Chennai, Delhi, Kanpur, Kharagpur, Mumbai, Roorkee and Banaras Hindu University (BHU) in Varanasi.
They have announced this programme to help IIT engineers develop technology patents and said that intellectual property rights will be owned by the developer team or students. Under the programme, the company will select two projects which will get a funding of Rs 10 lakh each and developers may even get access to its labs for development of the product.
Initially a preliminary screening phase will be held at their respective IITs, after this stage the student’s proposals will be shortlisted through two jury sessions.
In the first round, the juries will shortlist up to 10 proposals on criteria such as degree of innovation, feasibility, usability, relevance, time to market and the overall impact on masses. Each shortlisted proposal will be given an incentive by Ericsson to complete the initial prototype within three months.
In the second round, the jury will select up to two innovation projects which will be announced in a ceremony in April 2015 and these projects will get support from Ericsson.