Union Minister Dr. Jitendra Singh spotlighted IIT Madras Research Park’s collaborative innovation strategy on Sunday, calling it a game-changer for technology transfer. Adopted by peers across India, the model excels in fast-tracking inventions to market viability.
On his tour of the ITEL Foundation and state-of-the-art facilities, Dr. Singh assessed progress in key domains like smart urban mobility, space tech, medical innovations, and brain studies. He praised the early industry involvement: ‘This ensures research delivers on-the-ground impact.’
The minister highlighted its speed in converting ideas into practical applications. Recognized by the Department of Science and Technology, the July 2024-founded ITEL not-for-profit unites stakeholders to cultivate and commercialize deep technologies.
HASHTIC Mobility stole the show with its vision of elevated AI-driven electric pods navigating above roads, aiming to compress 15 km journeys into 20 minutes amid rising urban congestion. Dr. Singh also reviewed Agnikul Cosmos’s strides in on-demand satellite launches.
Supported by ISRO and IN-SPACe, the startup notched a historic first mission in May 2024 and eyes a reusable rocket launch by December, marking private enterprise’s pivotal role in space exploration.
This high-profile endorsement underscores a shift toward ecosystem-driven R&D, empowering India to lead in tomorrow’s technologies.