Rs 100-crore tech innovation hub to be set up at IIIT-Delhi | MCUTimes

Rs 100-crore tech innovation hub to be set up at IIIT-Delhi

The Department of Science and Technology (DST) will help set up a cognitive computer and social sensing hub called iHUB Anubhuti at the Indraprastha Institute of Information Technology (IIIT-Delhi) in New Delhi at a cost of Rs 100 crore during the next five years, it said in a statement Monday.

The National Mission for Interdisciplinary Cyberphysical Systems (NM-ICPS), implemented by DST, creates a seamless ecosystem for CPS technologies, including basic and applied knowledge generation, human resources, technologies, start-ups and industrial connectivity. IHUB Anubhuti at IIIT-Delhi will build strong tripartite collaboration between industries, academia and government agencies and become both an aggregation and a manager of the roadmap in its areas of cognitive computing and social sensing, “said DST Secretary Ashutosh Sharma.

This Technology Innovation Hub (TIH) aims to deliver solutions in four main sectors, namely health, law enforcement and safety, education and environmental sustainability. The initiative aims to promote entrepreneurship and, as a result, produce results at national level with an emphasis on conducting research and innovation, the statement said.

“TIH intends to establish itself as a hub for research, innovation and entrepreneurship in cognitive computing and social sensing and also to build a nationwide joint facility for public research and commercialization,” said Professor Ranjan Bose, Director IIIT-Delhi and Principal Researcher at iHub Anubhuti-IIITD Foundation.

The hub will also nurture start-ups born out of TIH projects. These entrepreneurial initiatives will be driven by advances in research and development. With a focused approach to conducting research and innovation, the project aims to encourage entrepreneurship and in return provide results at the national level.

TIH will be led by Mukesh Malhotra, who brings rich experience of over two decades with him across various functions such as finance, corporate strategy, P&L Management, marketing, M&A and advertising. He has been involved in starting various companies from scratch and scaling them up into various multinational and Indian companies.

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