IIT gets Rs 5 crore for science centre
Bhubaneswar: The Indian Institute of Technology (IIT) here on Wednesday got a financial assistance of Rs 5 crore to set up a Centre of Excellence in Augmented Reality and Virtual Reality (VARCoE).
Odisha Skill Development Authority chairman Subroto Bagchi and his wife Susmita Bagchi lent a generous support of Rs 2.50 crore while the Software Technology Park of India (STPI) provided a matching grant for the project.
The centre of excellence will be set up in collaboration with the STPI to enhance research and entrepreneurship activities. A memorandum of understating for this purpose was signed between the IIT-Bhubaneswar, the STPI and the state government in January.
Director of the STPI Manas Ranjan Panda on Wednesday handed over a cheque of Rs 2.5 crore to IIT director R.V. Raja Kumar in presence of Odisha chief secretary Aditya Prasad Padhi, while Bagchi and his wife gave away another cheque of Rs 2.50 crore at the same event.
While receiving the cheque, Raja Kumar said that establishment of VARCoE was one of the first few initiatives in the country in the area. "I express my sincere thanks to all the donors for being a party to an august beginning. We are committed to foster research and entrepreneurship in this important area," said the director.
He also said that the support would give an impetus to the ongoing research, and help in taking research activity to a new level by including immersive visualisation and technology incubation. "We will start work on the centre," he said.
Chief secretary Padhi expressed satisfaction on the management of the fund and urged the team members of the project to come out with innovation that can help the common man.