The School of Electrical Sciences and School of Mechanical Sciences of the Indian Institute of technology (IIT), Bhubaneswar, has got a fillip in its research activities in Virtual Reality and Augmented Reality as it received financial assistance from different quarters.
After a financial help of ` 2.5 crore from Susmita Bagchi and Subroto Bagchi towards creating a centre of excellence in the important area, the Startup Council of Odisha in its second meeting held on Wednesday approved to provide a matching grant of ` 2.5 crore to IIT Bhubaneswar under Odisha Startup Policy for technology incubation, and entrepreneurship by the side of related research activities. The IIT also approached the STPI for a grant and the latter has committed to provide ` 2.5 crore to the centre which will be further enhanced in a phased manner.
The endeavour would help in creating facilities needed to foster research development activity, technology incubation, create startups, new generation entrepreneurs, initiation of academic programmes to generate human capital and contribute towards creating an eco-system in this and other related areas, said a release