Bengaluru, August 14, 2025: Tata Steel signed an MoU with IIT Bhubaneswar Research & Entrepreneurship Park (IIT BBSR REP) and India Accelerator (IA) to jointly launch a 6-month long TomorrowLAB Accelerator Programme for emerging startups, on August 13, 2025. This programme will go live in September 2025, and aims to empower startups, offering a tailored environment that nurtures their growth, facilitates industry connections, and accelerates their journeys.

TomorrowLAB Accelerator Programme is planned as one of the initiatives under the MoU signed between Tata Steel and IIT BBSR REP in February 2024 to foster innovation. The programme aims to bridge the gap between academia and industry, creating a dynamic environment for startups to thrive while providing valuable resources and mentorship to turn entrepreneurial ideas into viable and sustainable businesses. Startups looking to apply for this programme should ideally possess a minimum viable product (MVP) and demonstrate early market traction.

Subodh Pandey, Vice President – Technology, R&D, NMB and Graphene, Tata Steel, said: “Tata Steel has been working with industry and academia partners for the last several years to accelerate our sustainability agenda. We see huge potential within the startup ecosystem in India where young innovators are working to build solutions for some of the most difficult business challenges. Odisha is playing a significant role in boosting the startup ecosystem with initiatives such as ‘100 Cube’. TomorrowLAB Accelerator Programme is yet another step in the same direction and holds great potential to become the innovation hub of Eastern India.”

The programme would entail engagement with startups across India. IIT Bhubaneswar will be the hub of all the activities, supported by India Accelerator. The key objectives of the programme are:

·         Facilitating mentorship, capacity-building workshops, and technical assistance for startups.

·         Providing access to funding, business advisory services, and commercialisation opportunities.

·         Leveraging IA’s and IIT BBSR REP’s network for strategic partnerships, business development, and market access for startups.

·         Strengthening Tata Steel’s engagement with the dynamic entrepreneurial ecosystem in Odisha and beyond.

The programme will also serve as a structured engagement for Tata Steel with startups working in areas relevant to its growth journey such as water, waste heat recovery, and robotics & automation. The Company will engage select startups from the cohort with relevant solutions for doing a pilot after the programme ends.

Tata Steel has also been closely collaborating with India’s and the international startup ecosystem under TomorrowLAB, the Company’s flagship start-up engagement programme, to address challenges in the steel value chain and other identified interest areas.

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Bangalore, April 22, 2025 — Numeros Motors, a new-age OEM specializing in indigenous electric mobility solutions, has entered into a strategic research collaboration with the Indian Institute of Technology (IIT) Bhubaneswar. The two entities have signed an agreement to jointly undertake a two-year research initiative focused on exploring and evaluating various non-magnet or rare earth-free (RE-free) motor topologies. Aimed at revolutionising the electric mobility space, this innovation will identify robust, cost-effective, and sustainable motor technologies catering to India’s rapidly growing electric vehicle market.

The collaboration is intended to support India’s clean mobility goals by reducing dependence on rare earth materials—key components in traditional EV motors—and by encouraging local innovation in EV manufacturing. By combining IIT Bhubaneswar’s academic expertise in electrical engineering with Numeros Motors’ practical knowledge of electric drivetrain systems, the project will focus on developing motor solutions that are both efficient and affordable. The initiative is aligned with India’s vision to promote self-reliant, sustainable EV technologies.

Shreyas Shibulal, Founder & CEO of Numeros Motors, commented on the collaboration “Innovation is at the core of everything we do at Numerous Motors. Our partnership with IIT Bhubaneswar marks a significant step in our mission to transform India’s electric mobility landscape. We believe that rare earth-free motor technologies will play a crucial role in building sustainable, affordable, and truly indigenous EVs. Scaling these technologies will help reduce import dependency, lower production costs, and contribute meaningfully to a greener, more self-reliant EV ecosystem in India.”

Speaking on this occasion, Prof. Shreepad Karmalkar, Director, IIT Bhubaneswar said: “Industry-Academia collaboration and entrepreneurship are among the primary focus areas of IIT Bhubaneswar. We are happy to collaborate with Numeros Motors in the field of Electric Vehicles with a vision to ensure sustainability.” He also highlighted the initiatives in the area of Electric Vehicles undertaken in the Research and Entrepreneurship Park of IIT Bhubaneswar.

Dr. Ankit Dalal, Assistant Professor at Electrical Engineering Department, IIT Bhubaneshwar said “We’re excited to embark on this two-year research journey with Numeros Motors to develop rare-earth-free motor technologies. This partnership represents a shared commitment to sustainable innovation and cutting-edge engineering. With Numeros’ industry leadership and our research capabilities at IIT, we look forward to creating impactful solutions for the future of electric mobility.”

The signing ceremony was attended by representatives from both Numeros Motors and IIT Bhubaneswar, underscoring their shared commitment to pioneering future-ready electric mobility solutions that are both efficient and ecologically sustainable.

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