The Centre is a step towards promotion of innovative entrepreneurship in Orissa.
IIT Bhubaneshwar will have a world class state-of-the-art Centre of Excellence in the Research and Entrepreneurship Park of its campus in the coming days.
The Odisha Government will help set up the Centre, which will offer world-class incubation facility, laboratory, and highly-focused courses along with education and skill development programmes.
The Centre will be using virtual and augmented reality for immersive visualisation.
We know that grooming and skilling the talent in the country is the only solution for the sustainable growth of the economy. For this, India needs world class institutions, to groom and skill its talent pool.
The decision to set up the Centre was taken at the second Startup Council Meeting, where around 130 startup ventures also got recognised under the Odisha Startup Initiative.
The Government has decided to aggressively promote innovative entrepreneurship in the state and bring some actionable results. The state has nominated XIMB, Centurian University, IITM and KIIT for evaluating startup proposals and recommending them to the Startup Council.
The Centre of Excellence will be developed with the philanthropic contribution of Rs 2.5 crore from Smt. Susmita Bagchi and a grant of 2.5 crore from the State Government. In addition, the Software Technology Park of India (STPI) will provide around Rs 2.5 crore for development of the centre.
In the recent past, the Ministry of Human Resource and Development(MHRD) brought in several policies to upgrade the educational institutions in the country. The ‘Institute of Eminence’ is one such initiative by the Government to upgrade the institutes to match international standards.