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The IIT Bhilai Innovation and Technology Foundation (IBITF) is a Section 8 company focused on leading the Technology Innovation Hub for Financial Technologies (FinTech) in India. It supports entrepreneurship, research, and skill development in the FinTech sector.
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The IIT Bhilai Innovation and Technology Foundation (IBITF) is a Section 8 non-profit organization established by IIT Bhilai under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) funded by the Department of Science and Technology (DST), Government of India. Founded in 2020, IBITF focuses on fostering entrepreneurship and innovation, particularly in the financial technologies sector, while also supporting projects in Agritech and Healthtech.
IBITF emphasizes the development and deployment of projects in the Fintech domain, alongside Agritech and Healthtech sectors. The foundation supports startups leveraging emerging technologies such as Blockchain, IoT, AI, and digital payments, aiming to create a nationwide innovation and incubation center.
IBITF offers various programs including fellowship opportunities for research and innovation, calls for proposals to support tribal-centric innovations, and initiatives like Marketplace Literacy aimed at empowering women through financial education and entrepreneurship skills.
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