Tuesday, February 9, 2016

Startup India :7 new Research Parks in National Engineering Institutes

Objective :7 new Research Parks in National Engineering Institutes 

To propel successful innovation through incubation and joint R&D efforts between academia and industry

 Details 

The Government shall set up 7 new Research Parks in institutes indicated below with an initial investment of INR 100 crore each.

The Research Parks shall be modeled based on the Research Park setup at IIT Madras. Research Parks IIT Guwahati IIT Hyderabad IIT Kanpur IIT Kharagpur IISc Bangalore IIT Gandhinagar IIT Delhi 

The IIT Madras Research Park endeavors to enable companies with a research focus to set up a base in the Park and leverage the expertise of IIT Madras. The Research Park breaks down the traditional, artificial barriers of innovation through its connectivity and collaborative interaction. This helps industry to create, integrate and apply advancements in knowledge. It leverages best practices from successful Research Parks such as those at Stanford, MIT and Cambridge. The guiding principles behind the park include:

 • Creating a collaborative environment between industry and academia through joint research projects and consulting assignments.

 • Creating a self-sustaining and technologically fertile environment.
 • Encouraging and enabling R&D activities and Startups that are aligned to potential needs of the industry.
 • Providing world class infrastructure for R&D activities and incubation.
 • Enabling development of high quality personnel and motivating professional growth for researchers in companies through part time Masters and PhD Programs.

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