New Research Parks to be Set Up at IITs and IISc

In a recent announcement made by theDepartment of Science and Technology (DST)which comes under the Government of India, it has said that efforts to set upfive new Research Parks at IITs and IISchave been initiated.

The following institutes will be getting new Research Parks at their campus which will not onlypromote effective researchbut will alsogenerate employment opportunitieslater. These institutes include:

• IIT Delhi
• IIT Kanpur
• IIT Hyderabad
• IIT Guwahati
• IISc Bangalore

These research parks will be set up at acost of Rs. 75 crore each. The initiative has been taken on the recommendations made by theNational Expert Advisory Committee (NEAC)that has been constituted by the DST.

Also Read:QS Subject Rankings 2018: IITs, IISc Ranks Dip Across Subjects

Status of Existing Research Parks at IITs:

• According to MHRD, the government has also ensured that funding for twoResearch Parks atIIT KharagpurandIIT Bombaywill be continued with at least Rs. 100 crore each.
• IIT Gandhinagar's Research Parkis also funded by the DST at a cost of Rs. 90 crore.
• Research Park atIIT Madras(IIT Chennai)is completely functional and has 5 Centres of Excellence, 4 Incubators, 43 Research & Development clients and a total of 55 Startups attached to it.

Also Read:Register for Prime Minister’s Research Fellowship (PMRF)

Government Initiatives for Research Parks:

• Periodic reviewof the functioning of research parks
• Providingbudgetary supportfor campus development at IITs using eco-friendly methods
• Smart Campus Campaignwhich will aim at encouraging educational institutes to optimize the use of electricity, water and switch to methods such as generating power through solar installations.
• Those institutes that perform exceptionally with respect to saving, conserving as well as recycling will be rewarded.

Stay tuned toCollegeDekhofor more updates!