Bhubaneswar: Indian Institute of Technology (IIT) Bhubaneswar was granted permission to set up Research and Enterprise park on its premises here.
The permission and certificate have been provided by the Registrar of Companies (RoC) for establishing the proposed Research and Enterprise park at the IIT campus, informed IIT Bhubaneswar authorities.
Initially, the Research and Enterprise park will be functional inside IIT Samantpuri campus. Later, the institution will be shifted to permanent campus of IIT located on city’s outskirts in Arugul.
The authorities have identified 70 acre at Arugul for setting up the Research and Enterprise park. All types of facilities will be available for the students for research at the centre.
The IIT Bhubaneswar will touch a new milestone in field of research and development, said IIT Bhubaneswar Director Prof RV Rajkumar.
It will help the meritorious students pursuing engineering, science and courses relating to agriculture to get new opportunity to step into the research, invention and enterprises, he said.
It will create a huge opportunity for expanding the start up activities, research and development of enterprises in Odisha. The Centre will also grant funds for the students towards skill development. The amount the premier institute is receiving for research, will be subsequently doubled, the authorities hoped.
While Prof Rajkumar will head the Research and Enterprise park, R&D division of IIT Bhubaneswar Dean RK Panda and Startup Centre PIC A Sharma will be appointed as the directors of the institution.