Promote, Research, Innovation, Mentoring and Entrepreneurship (PRIME’83) is an initiative seconded by alumnis in the ’83 batch with a purpose of creating successful tech-entrepreneurs. The SIIC(SIDBI Innovation and Incubation Centre) and the Office of Dean of Resources and Alumni of IIT Kanpur have come together to facilitate this initiative.PRIME’83 was first launched successfully at IIT Kanpur on November 2, 2012.
PRIME Awards received a very enthusiastic response, as never before, in its 2013 edition. The judging panel comprised of Prof J RamKumar, Mr. Rahul Swarup, Chief Executive Officer and Managing Director of GOIP Global Services since 2010 and Mr. Srinath Mukherji, Co-Founder at India Shelter Finance Corporation Ltd and Dr. B V Phani. There were twenty-one teams who sent their entries, out of which seven were shortlisted for appreciation. The winning projects included prototypes of an environment friendly fridge, a GPS system for mapping road conditions and a machine for testing the efficiency of pharmaceutical drugs. Cash Prizes worth Rs 1,25,000 were given to the winners along with substantial incubation that would be allocated in phases depending on the business model.