The Indian Institute of Technology in Indore is all set to get a brand new Technology Innovation Hub (TIH) at the cost of ₹100-crore. This is its highest-ever single grant, received from the Department of Science and Technology. It is aimed at creating an ecosystem for development and commercialisation.
The TIH is to work on system simulation, modelling and visualisation aspects of Cyber-Physical systems. It will also work on the development of skilled human resources, by means of organising hands-on workshops, webinars, hackathons, and such. It is to work hand-in-hand with the GoI’s initiatives like Make in India, SkillIndia, and the prime minister’s recent call for an Atmanirbhar Bharat.
Dr Pavan Kumar Kankar, faculty IIT, Indore said “Through TIH, we plan to lead in skill enhancement, technology development, and product commercialization in the domain of Cyber-Physical Systems (CPS). The objective is to create an ecosystem that supports the development and commercialization of technologies facilitating modelling, simulation, and visualization of CPS.”
Talking about the future objective of the hub, Kankar said, “The objective will be achieved in the true sense when a self-sustaining system is created over a period of time to support R&D projects, patenting, licencing and commercialisation, incubation of startup companies and spin-offs, and initiation of joint projects with the industry.”