Additionally, 17 companies interviewed more than 70 students during the event's placement session.
Plant-based egg substitute among products presented at event
Among the hands-on demonstrations by IIT-D students on Industry Day were a plant-based recipe for scrambled eggs, which made use of moong (split green gram) to mimic the taste and nutritional value of scrambled eggs.
Another demonstration included a bioabsorbable cardiac stent, which would dissolve inside a body within five years, unlike metal stents used currently, which need to be removed.
Here are some other demonstrations from the event
A 30% lighter bulletproof jacket, intended for military use, was among some of the other products showed on Industry Day, which was turned into a selfie prop. A water-activated powerless heating system, fashion made out of waste, waterless shampoos and soaps, etc. were other displays.
Academia now expected to develop products: IIT-D Director
Speaking at the event, IIT-D Director Prof. V Ramgopal Rao said, "Earlier there was a specific role for academia in the industry. Things have changed now. Research has become an important component of industry. Academia is now expected to develop products."
Maintaining that institutions are like 'idea factories', he added, "Our job is to bring unlike minds together, create job and the right atmosphere."
The key delegates included KPMG Director, Genova Pharma CEO, etc
Meanwhile, some of the key delegates at the event were Mr. Manpreet Singh, Director - KPMG, Dr. Maharaj Kishan Bhan, Former Secretary, DBT, Dr. Sanjay Singh, CEO, Gennova Pharmaceuticals, Ms. Dipakshi Mehandru, Policy Advocacy & Government Affairs, Dr. Renu Swarup, MD BIRAC.
India's progress crucially dependent on science: Chief Guest
NITI Aayog member Dr. VK Paul, who was the event's chief guest, said, "India's national progress is crucially dependent on the science we discover and understand, on technologies we can create and manufacture, and on products our people can use and access."
He added, "It needs innovation, both frugal and disruptive, and this discourse is to be imbibed by us in our system."
"India's medical devices market can be worth $50bn through innovation"
Referring to India's medical devices market, currently worth $7-8 billion, Dr. Paul said, "75% of this demand is met by imports. However, considering the talent and potential India has, this market can be worth $50 billion in India and only innovation can achieve that."