(Deadline extended to 12 February, 2015.)
Are you passionate about your own startup idea but also worried you might just fail? Forsaking campus placements in a bid to make something of your own work can be quite a risk, certainly. IIT Delhi could now help you take that risk with its all new Deferred Placement Program (DPP). If you are a pre-final year student interested in pursuing your own startup idea, you can now defer your placement by two years with the help of this program. So if your startup idea doesn’t materialise satisfactorily in two years, you have an option of sitting back for placements!
The program is open for pre-final year B.Tech, Dual degree or M.Tech students from all departments. Applications would be analysed by a selection panel constituting of experts in industry, venture capitalists and angel investors. Students are expected to present business models and technology specifics of their startup idea for selection. Selected applications would then be monitored over a period of two years for assessment of progress. In the event of a failure after two years, students get to exercise their fall back option of campus placements.
Are you apprehensive that you won’t get any support to build on your startup idea? With Technology Business Incubation Unit (TBIU) of IIT Delhi, the startups selected by DPP would be provided with the infrastructural facilities for product development, software testing, prototyping and training. TBIU would also help the startups to get in touch with interested venture capitalists for financial assistance.
So the next time you have a startup idea in mind, you wouldn’t have to calculate the risks of venturing into it. Build on your idea, team up with other interested people and develop a business model. All DPP wants is that you have a clearly laid out plan of implementation for your startup. Once selected, DPP would be your cushion to fall back on, so you can take that leap without fear.
Are you game for a deferred placement this year?
Mail the concept note (about a page) of the startup plan to firstname.lastname@example.org with the subject “Application for Deferred Placement Policy”. Applications close on February 12, 2015.