ENA Sectors 2026-05-07 12:53:55 <p><span style="font-size:14px"><strong>New Delhi, May 7 (KNN) </strong>The Indian Institute of Technology Madras Global Research Foundation (IITM Global) has announced the establishment of its first centre in the United States, marking an expansion of Indias deep-tech innovation ecosystem into global markets.</span></p> <p><span style="font-size:14px">The new centre, located in Menlo Park, was launched on April 24 and formally announced during the SelectUSA Investment Summit held at National Harbour in Maryland, reported PTI.</span></p> <p><span style="font-size:14px">According to IITM Global, Chief Executive Officer, Thirumalai Madhavnarayan, the Menlo Park centre has been established through a partnership with CA Startups and will serve as a strategic base for the foundations operations in the US.</span></p> <p><span style="font-size:14px"><strong>USD 7.5 Million Investment Planned </strong></span></p> <p><span style="font-size:14px">The centre will be developed with a planned investment of USD 7.5 million, including a greenfield investment of USD 4.5 million by the foundation.</span></p> <p><span style="font-size:14px">Located near Silicon Valley, the facility is expected to support Indian deep-tech startups by providing access to global capital, mentorship, partnerships, and international markets.</span></p> <p><span style="font-size:14px">The centre will focus on deep-tech research, commercialisation, startup incubation, and industry-academia collaboration, while also facilitating venture engagement for scaling innovation-led enterprises.</span></p> <p><span style="font-size:14px"><strong>Plans For Wider US Innovation Presence </strong></span></p> <p><span style="font-size:14px">The foundation also announced plans to establish a second centre on the US East Coast to further strengthen its presence across major innovation corridors in the country.</span></p> <p><span style="font-size:14px">Separately, the IIT Madras Global delegation, comprising founders of IIT Madras-incubated deep-tech startups, met Vinay Mohan Kwatra, Ambassador of India to the US during the visit.</span></p> <p><span style="font-size:14px">Kwatra said the interaction highlighted emerging opportunities in the India-US technology ecosystem and underlined the growing scope for bilateral innovation collaboration.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 46039 https://knnindia.co.in/news/newsdetails/sectors/iit-madras-expands-deep-tech-ecosystem-with-first-us-centre-in-silicon-valley 2026-05-07 12:53:55 knnindia.co.in