New Delhi, Jan. 27 -- Multiple startups incubated at the Indian Institute of Technology, Delhi (IIT-D) have raised substantial funding, helping the elite institution exit such investments and raise revenue for future research projects, director Rangan Banerjee said.

The institute had research and development (R&D) grants of Rs.500 crore for FY25, an amount that keeps growing, Banerjee said on the sidelines of releasing its first research impact report covering the past six years. "This helps our research build startups that generate direct employment, and leverage technology transfers from academia to compete in the industry," he added.

For comparison, the Indian Institute of Science, Bengaluru and IIT Madras had R&D grants of Rs.626 cr...