Synopsis The university is planning to take in four startups and provide them with assistance, but no stipend or financial support will be provided. ETtech Delhi University (File photo) Delhi University 's Cluster Innovation Centre ( CIC ) is inviting applications from people with startup ideas with "commercial viability" to help them see through their execution. The applications will remain open till March 13. "Anybody from the university or in fact outside the university with a promising idea can apply," said CIC Director Shobha Bagai . The university is planning to take in four startups and provide them with assistance. No stipend or financial support will be offered, Bagai said. "We are trying to help these young minds. We are starting startups which have certain ideas but are at the very very basic stage. . . they need working space and they need a certain mentor to take them to the next step," she said. Bagai said the CIC wanted to formalise the initiative hence it advertised the offer. "Mentors will be from our faculty and people from outside. " Under the initiative, the university will offer co-working space and mentoring support for 3+3 months, Bagai said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The promoters must have the technical skills for prototyping for converting their idea into a product. There are certain parameters on which an application will be judged by a committee led by CIC faculty. "We have already asked them to fill up a form. In that form, they have to give all the details, whether they are receiving any kind of funding and at what stage is their product. We have asked them about the flow chart about their plans," Bagai said. The Cluster Innovation Centre - or CIC as it is popularly known - has been designed to seek and derive innovations from industrial clusters, village clusters, slum clusters, and educational clusters. "Under Cluster Innovation Centre, we used to design an incubation centre funded by the Ministry of Education . There were some successful startups under the DIC . "During the COVID, these things came to a standstill. We are now restarting that. We are focusing on start-ups," the director said. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Tuesday, 14 Feb, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics ET Markets Brands & Companies More Govt Open to Panel Review of Investor Protection Regime The government on Monday agreed to the Supreme Court’s suggestion to set up a high-powered committee to review the existing investor protection regime while emphasising that the Securities and Exchange Board of India (Sebi) and other agencies are competent enough to deal with stock market issues. PM, Three Key Ministers to Speak at ET GBS 2023 Three key union ministers — Piyush Goyal, Ashwini Vaishnaw, and Rajeev Chandrasekhar — will be part of the star cast of speakers at the Economic Times Global Business Summit (ET GBS). Read More News on cluster innovation centre cic bagai Delhi University ministry of education dic Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. . . . more less ETPrime stories of the day Real Estate Interest rates are rising, so are rental yields. Is it the right time to invest in property? 8 mins read 3 insights to kick-start your day, featuring Swiggy’s “poor judgement” 3 mins read Strategy Stock Radar: Technical charts suggest HDFC Bank is likely to hit fresh record highs in next 3-6 months; time to buy? 3 mins read Subscribe to ETPrime.