In a recent study, it was discovered that the Indian Institutes of Technology (IITs) in Delhi and Bombay have produced the highest number of technology entrepreneurs in the country over the past two decades.
An analytics firm, Tracxn compiled data from major engineering colleges that displayed that four institutes, IIT Delhi, IIT Bombay, IIT Kharagpur and BITS Pilani accounted for the majority of entrepreneurs in the past decade. The study also showed students from other IITs take to technology entrepreneurship in far lower numbers.
The IITs from Delhi and Mumbai are well-known startup hubs since Flipkart was founded by IIT Delhi graduates whereas Ola was founded by two IIT Bombay software engineers. IIT Kharagpur is a close third. Since 2015, graduates from the institute have launched 258 startups, compared with 277 and 310 for IIT Bombay and IIT Delhi, respectively.
Reportedly, with startups such as Flipkart and Ola witnessing success, there has been a gradual increase in the number of engineering students pursuing entrepreneurship soon after graduation rather than seeking employment, compared with a decade ago.
The claim is backed by the data in the Tracxn study: Since 2015, the top four engineering colleges have produced 1,066 startups, compared with just 914 in the 15-year period between 2000 and 2015.
An important observation by Tracxn showed that when it came to Mumbai, several prominent startups, such as Ola and Quikr, which were founded in the financial capital, had conveniently shifted base to Bengaluru, as their home city did not have enough engineering talent.
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