Union HRD Minister Prakash Javadekar today inaugurated new facilities at IIT Madras Research Park and dubbed it as a “modern temple.” The university-driven Research Park of IIT Madras, first of a kind in India, is modelled along the lines of Stanford University, Massachusetts Institute of Technology and Harvard University. The newly built state-of-the-art conferencing facility consists of a 150-seater and 50- seater Conference Hall and a multi-purpose lounge. Javadekar said “The IIT Madras Research Park is a modern temple, which will guide the society for years together. The IIT Madras Incubation Cell and Research Park is a real interaction between Industry and Academia.” The two halls are named after CV Raman and S Ramanujan.
Javadekar said the efforts of IIT Madras will help in building New India– the dream of Prime Minister Narendra Modi. He added that the government has provided funds also to other IITs for such Research Parks. “We’ve provided funds for several IITs to set up such Research Parks. We’ll set up a committee to ensure the efforts of IIT Madras is replicated everywhere else. This is what the New India that the Honourable Prime Minister Shri Narendra Modi is talking about,” he said.
Javadekar said, “Industry-Academia collaboration has been talked about a lot but here it is being done effectively. There are startup companies, innovators and corporates in an ecosystem of innovation. They’re enthused by the innovation of others in this ecosystem.”
Javadekar said that Incubation Cells, like the one at IIT Madras, are the real key to ‘Make in India.’ Now, by seeing the IIT Madras experiment, many Indian companies and universities are now funding research in India rather than funding research abroad. The minister also lauded the facilities at the IIT Madras Research Park, which was completely eco-friendly. The Incubation Cell of the IITM is the umbrella body for nurturing and overseeing innovation and entrepreneurship.
Bhaskar Ramamurthi, Director of IIT Madras, said, “The Research Park is a game-changer for the faculty and students of IIT Madras as well as the companies collaborating with us. The alchemy created by the coming together of faculty, students and professionals from industry has led to many disruptive innovations, exemplified by the award-winning start-ups emerging from the Incubators at the Research Park.”