Thursday 7 February 2013

25% IIT graduates are not sitting for placement this year, rejecting high paying jobs.

According to sources around 25% students of Indian institute of technology Bombay are not sitting for placement this year as they are planning to start their own venture. While some students start off on their maiden ventures immediately after passing out of IITs, for many, the foundation is laid during their IIT days. Vivek Arya took off in his third-year at IIT-Bombay, when he started a simulation-based learning company. Though the venture couldn’t take off, it gave him the entrepreneurial experience.“The experience gave us a fair idea about entrepreneurship. It was then that I decided to start my own company,” said Arya, who started Make sense, a recruitment consultancy, along with two fellow IITians.
Many of these start-ups have gone through IIT-Bombay’s entrepreneurship cell (E-cell). “E-cell plays the role of a connector in the ecosystem. It connects start-ups, incubators, angel investors and industry,” said Ayush Agrawal, overall coordinator, E-Cell, IIT-Bombay.
Pratham Jahoorkar, an IITian, gave up his high-paying, comfortable job in New York to come back to India and start his own venture in financial services. “Sometimes you hit a wall and find yourself stuck in a cosy space. I wanted to push myself to do something different,” says Jahoorkar, who has created a platform that connects buyers and sellers for transactions.

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