Mumbai: Rajnish Kumar, co-founder and Group co-CEO of ixigo, launched the Made in Fire Fund. This initiative, worth Rs 1 crore, aims to support graduating students from IIT Kanpur in their entrepreneurial ventures. The fund will provide Rs 10 lakh in non-dilutive prototype funding to 10 technology-led startups selected from each graduating batch.Graduating students from IIT Kanpur can apply for the fund either individually or as founding teams. The initiative is designed to focus on technology-led ventures that address significant problems across various sectors. These sectors include Artificial Intelligence (AI), SaaS, Consumer Internet, Deep Tech, Climate, Mobility, HealthTech, Enterprise Software, and other emerging technology domains.Rajnish Kumar, an alumni of IIT Kanpur’s 2001 batch, expressed the vision behind this initiative, stating, “The fund will support 10 technology-led startups from each graduating batch, with Rs 10 lakh in non-dilutive prototype funding for every selected startup.” He emphasized the importance of fostering innovation and entrepreneurship among students in a rapidly changing technological landscape.The Made in Fire Fund is expected to empower a new generation of entrepreneurs, equipping them with the resources necessary to transform their ideas into viable businesses. As emerging technologies continue to evolve, this initiative provides a platform for innovative solutions that can impact various sectors significantly.
