As part of the Indian Institute of Technology (IIT), Bhubaneswar’s initiative to establish a Centre of Excellence in Augmented Reality and Virtual Reality (VARCoE) for strengthening research and entrepreneurship activity, Software Technology Parks of India (STPI), Bhubaneswar Director Manas Ranjan Panda handed over a grant of Rs 2.50 crore to IIT Bhubaneswar Director Prof RV Raja Kumar at a meeting here in the presence of Chief Secretary AP Padhi recently.
Prof RV Raja Kumar thanking the donors said the support would give an impetus to the ongoing research and help in taking the research activity to the next level including immersive visualisation and technology incubation.
Padhi expressed satisfaction over management of the fund and development of the centre by the institute of national importance and urged the team members to come out with real innovation that can reach to the masses.
Earlier, Susmita Bagchi and Subroto Bagchi had provided support of Rs 2.50 crore followed by a matching grant from the Startup Odisha to the IIT Bhubaneswar in January 2018 for the VARCoE initiative.
Among others, MSME Department Additional Chief Secretary lN Gupta, GA and PG Department Principal Secretary Ashok Meena, Institute of Entrepreneurship Development CEO S Sahu, Odisha Skill Development Authority Chairman Subroto Bagchi, Centre Professor-in-Charge Manoranja Satapathy and IIT Bhubaneswar School of Mechanical Sciences Head Dr Satyanarayan Panigrahi were present.