ArtworkPark launches robotics, AI lab at IISc
NEW DELHI :
AI and Robotics Technology Park (ARTPARK), an Indian government-funded not-for-profit group, opened on Monday an ‘Innovation Lab’ on the Indian Institute of Science (IISc), Bengaluru to supply assist to researchers and startups working in synthetic intelligence (AI) and robotics with the purpose of serving to them construct merchandise which might be able to go to market.
The lab will give attention to three areas—digital and bodily connectivity utilizing 5G and drones, making healthcare providers accessible at individuals’s doorsteps, and utilizing AI for inclusive studying.
“In the age of AI, data shall be all over the place. Students received’t should cram info anymore and might give attention to making use of it to create issues. Similarly, healthcare must be accessible all over the place and never simply in hospitals,” mentioned Umakant Soni, chief government officer of ARTPARK.
Soni mentioned startups at the moment wrestle to take expertise from labs to the market, which is a key hole for the business.
“Primarily, we try to create profitable firms out of India which can clear up issues, create jobs, and finally export to the world,” mentioned Subhashis Banerjee, chief info officer of ARTPARK.
The lab has technical groups working in collaboration with a number of labs at IISc. It can even work with different technical institutes and our bodies, together with the Indian Institute of Technology (IIT) Kanpur, IIT Jodhpur, the University of Aalto in Finland, Indian Council of Medical Research and the All India Institute of Medical Sciences.
“Our Indian teachers have produced expertise that now heads a number of main tech firms. The subsequent part of development requires that we encourage such expertise to remain in India and convert their analysis into merchandise and corporations. Then solely we are going to develop from a $3 trillion to $10 trillion economic system,” Soni added. To support startups and products incubated at labs, ARTPARK has set aside a $100 million fund. “Once we convert the research that is happening into interesting products and companies, then we will support them with the $100 million venture fund over a period of 10-12 years,” mentioned Soni. The fund shall be backed by the federal government, personal firms, and VCs.
Though the fund was introduced final yr, it’s nonetheless pending clearance from the Securities and Exchange Board of India (Sebi). “We are ready for remaining approval from Sebi. Hopefully, it will likely be formally launched by the top of this month. We have already began shortlisting firms engaged on connectivity, healthcare, and schooling,” he added. Founded in 2020 by IISc, ARTPARK has obtained ₹170 crore in funding from the Union authorities’s Department of Science and Technology and ₹60 crore from the Karnataka authorities. One of the primary merchandise developed on the labs is an autonomous drone ambulance, a scale mannequin for which was unveiled on the 1st ARTPARK Innovation Summit on Monday.
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