German President witnesses amalgamation of Industry-Academia collaboration at IIT Madras

German President witnesses amalgamation of Industry-Academia collaboration at IIT Madras
Abhay Anand | Mar 26, 2018 - 11:14 a.m. IST
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NEW DELHI, MARCH 26: Dr. Frank-Walter Steinmeier, President of the Federal Republic of Germany, visited Indian Institute of Technology Madras (IIT Madras) Research Park. The visit of the Federal President has its roots in the long and successful association between IIT Madras and Germany and the fruitful collaboration between Indian and German higher education landscape.

Among the first IITs to come up in the country, IIT Madras was established with German assistance, way back in 1959.

IIT Madras is home to India’s first university-driven Research Park, which was the perfect place for the Federal President to interact with young entrepreneurs, researchers and faculty, witness their innovations and see how the bridge between education and economy is being made. Before arriving in Chennai, he visited New Delhi and Varanasi where he interacted with students as well.

Speaking about the President’s visit, Prof Bhaskar Ramamurthi Director, IIT-Madras said, “We are honoured that the President of the Federal Republic of Germany has chosen to visit the IIT Madras Research Park to interact with our start-ups and see for himself the strides taken by our Institute set up with German assistance. The German influence was instrumental in the strong collaborations IIT Madras developed with industry even from its early years, culminating in the country’s first university-based Research Park and innovation ecosystem of global scale.”

Some of the start-ups incubated at IIT Madras Incubation Cell gave a demonstration of their products to His Excellency Dr. Steinmeier. The start-ups include:

Ø Pi-Beam (Manufacturing solar/electric hybrid three wheelers)

Ø Neomotion (Innovative wheelchair for people with disability and elderly)

Ø Fabheads (3D printers, with special focus on carbon fiber products)

Ø Planys (compact underwater robots for immersed structure inspection & environmental survey)

Ø Detect (technology solution to the inspection needs of energy sector focusing mainly on the pipeline integrity management)

Ø Skillveri (multi-skill virtual training simulators for painting and welding),

Ø Merkel Haptics (first haptics company in India exclusively for touch related technologies, pioneer in providing 3D touch technology solutions)

He also visited the Healthcare Technology Innovation Centre (HTIC), a multi-disciplinary R&D centre located at the Research Park. The HTIC is a joint initiative of IIT Madras and Department of Biotechnology (DBT), Government of India, and brings together technologists, engineers, doctors and healthcare professionals, industry and government to develop healthcare technologies for the country.

The IIT Madras Research Park is a national pioneering effort to catalyze collaborative research between industry and academia and enable technological innovation and nurture entrepreneurship. It houses the R&D and innovation wings of industry majors engaged in collaborative research and technology transfer with the faculty.

It moreover, hosts four Incubators (IITM Incubation Cell, Rural Technology Business Incubator (RTBI), Bio-incubator and MedTech incubator) and several of IITM’s Centres of Excellence/Research Laboratories. It was modelled along the lines of successful Research Parks in Stanford University, Massachusetts Institute of Technology and Harvard University.

Since 2006, 140 start-ups have been part of IITM Incubation Cell, out of which 32 start-ups have raised Rs 707 crore (US$ 111 million) from investors. Furthermore, 63 IITM incubated start-ups are currently in the market, with a cumulative revenue of Rs 133 crore (US$21 million) generated in financial year 2016-17.

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