R.K. Lagu Fellowships for Technology Immersion

Objectives:

• To allow young engineering students to work on a technology development project in a research environment and learn/ explore avenues for taking technology to the market. To provide an opportunity for students to work closely with a technology entrepreneur.
• To support and encourage technology development and commercialization efforts by start-ups and entrepreneurs in the innovation ecosystem of Venture Center.
• To help young engineers explore and experiment with career opportunities in technology startups.

Eligibility criteria:

• For the applicant:
  • Current undergraduate student or student recently finishing undergraduate studies in engineering/technology
  • Applicants with strong interest in technology. Track record and previous experience tinkering with technology, building prototypes, conceptualizing solutions to problems will be a plus.
  • Students showing evidence of leadership and resourcefulness will be given preference.
• For the type of project:
  • The larger project has to be focused on technology development/ advancement or prototype development or proof-of-concept establishment/ validation.
  • The student project can be a part of the larger project.
  • Typical projects will have one or more of the following components: a) a problem/ need, b) a proposed solution, c) a strategy to demonstrate that the solution works, d) activities to advance the technology towards commercialization.
  • The project needs to core to a start-up in the Venture center’s innovation ecosystem or help create a new start-up.
• For the host and technical mentor:
  • The host/technical mentor for the project needs to be an entrepreneur in Venture Center’s innovation ecosystem and network. The POC Project Manager at Venture Center shall also qualify for initiating such proposals/ applications.
  • The host/technical mentor needs to have adequate facilities and research funding to support other costs and resource needs of the project.

Benefits for the applicant:

• Experiential learning opportunity in internship mode with an experienced technical mentor
• Short training sessions on Venture Center’s concepts and framework for technology development and commercialization
• Certificate of Award and Completion from the Venture Center for receiving and completing the Rajendra Lagu Fellowship.
• Subsistence stipend for the fellows

Benefits for the host/technical mentor:

• Opportunity to engage young and energetic engineers/engineering students on exploring and developing the technology development and commercialization case. Opportunity to zoom-out and explore the larger picture.
• Opportunity to identify young people who might be interested in taking the technology ahead as entrepreneurs.
• Overhead support for the fellow

How to apply:

• Applicants need to first contact entrepreneurs/startups in the Venture Center innovation ecosystem to identify suitable projects for undertaking during the fellowship period. A list of companies affiliated to Venture Center can be found at https://www.venturecenter.co.in/startups-and-success-stories/startups 
• Apply here and then email the following to hr@venturecenter.co.in :
  1. Resume or CV
  2. Summary of proposed technology project (max 1 page)
  3. Summary of what will be scope of work that the applicant plans to carry out during the fellowship period (max 1 page)
  4. Short essay on the applicant’s career goals and aspirations (max 500 words)
  5. Letter of support and recommendation by the host/technical mentor
• The Venture Center management team shall review all applications, and carry out phone interviews with the applicants and/or hosts/technical mentors.

Other notes:

• Venture Center reserves the right to offer more or less number of fellowships per year and/or decide on fellowship durations as per need so as to maximize impact of the program.
• Venture Center reserves the right to make changes to the program from time to time based on learning from the program.
• The Venture Center reserves the right to combine the Rajendra Lagu Fellowships with other fellowships/ internships (or supplement other fellowships/ internships) as long as there is no conflict of interest or commitment between the two.

Past Fellows :

Acknoledgement :

This fellowship has been instituted by Venture Center thanks to a donation to the corpus of Venture Center by: