Tata Steel signed an MoU with IIT Bhubaneswar Research and Entrepreneurship Park (IIT BBSR REP) and India Accelerator (IA) to jointly launch a 6-month-long TomorrowLAB Accelerator Programme for emerging startups. This programme will go live in September 2025 and aims to empower startups, offering a tailored environment that nurtures their growth, facilitates industry connections, and accelerates their journeys, claims the press release.
TomorrowLAB Accelerator Programme is planned to foster innovation and bridge the gap between academia and industry, and create a dynamic environment for startups to thrive while providing valuable resources and mentorship to turn entrepreneurial ideas into viable and sustainable businesses.
Startups looking to apply for this programme should possess a minimum viable product (MVP) and demonstrate early market traction. The programme would entail engagement with startups across India. IIT Bhubaneswar will be the hub of all the activities, supported by India Accelerator. The key objectives of the programme are:
–Facilitating mentorship, capacity-building workshops, and technical assistance for startups.
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–Providing access to funding, business advisory services, and commercialisation opportunities.
–Leveraging IA’s and IIT BBSR REP’s network for strategic partnerships, business development, and market access for startups.
–Strengthening Tata Steel’s engagement with the dynamic entrepreneurial ecosystem in Odisha and beyond.
The programme, as mentioned in the press releas,e will also serve as a structured engagement for Tata Steel with startups working in areas relevant to its growth journe,y such as water, waste heat recovery, and robotics & automation. The Company will engage select startups from the cohort with relevant solutions for doing a pilot after the programme ends.
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