IIT-Delhi is building a new technology park on its campus that will host industry labs, provide space for entrepreneur startups and facilitate innovative ideas or technology.
The R&D activity of the Indian Institute of Technology, Delhi (IIT-D) has shown a huge growth in the last two years because of the focus on projects relevant to industry and society, according to B R Mehta, R&D Dean, IIT Delhi.
The Institute is targeting to attract an external R&D funding of Rs 550 crore this year, up from Rs 400 crore last year.
IIT Delhi was attracting only about Rs 100 crore per year before it started focusing on R&D projects relevant to industry and society in 2017. Because of this new focus, the institute has been able to attract external research funding with a four-fold increase, touching Rs 400 crore per year for the last two years — 2017-18 and 2018-19, Mehta said.
While national government funding constitutes 75 percent of the total external funding, industry contributes about 15 percent, and the rest comes from international organisations and institutes.
500 ongoing research projects
Currently, IIT-D is undertaking about 500 research projects, most of which are in domains such as artificial intelligence, energy, water, environment, electric vehicles, nanotechnology-based sensors and actuators.
Last year, it added about 220 new projects that fetched R&D funding of Rs 400 crore.
The institute is also utilizing the funds to increase the faculty strength to 1,000 from the current 600.
In addition, a new technology park is coming up on IIT-D campus that will host industry labs, provide space for entrepreneur startups and facilitate innovative ideas or technology.
(With inputs from ET)