In return, it gets a 5 percent stake in the company. In the case of iPortia, its main investor, Rakesh Mathur, donated his 25 percent stake to the institute. The institute plans to help more than 150 companies over the next five years, Phatak said. Out of 150, if even 25 do reasonably well, we will have done very well. If the incubator does succeed, it may also reverse the course of a typical IIT graduate's career.
Most students enter American graduate schools and end up in Silicon Valley.
While the founders of iPortia plan to stay in India, their vision is not limited to its borders. Wired Digital Inc. All rights reserved.