Praising a replicable blueprint for success, Dr. Jitendra Singh, Union Minister of State, celebrated IIT Madras’s consortium innovation framework at its Research Park. Its prowess in immediate tech commercialization is inspiring a wave of adoptions in academic circles.
Visiting the ITEL Foundation and advanced labs, he scrutinized projects revolutionizing urban mobility, space endeavors, medical tech, and neural research. ‘Industry participation from day one aligns innovation with market realities,’ Dr. Singh remarked.
He lauded the model’s efficiency in prototyping real-world solutions. As a Department of Science and Technology-endorsed Section 8 company since July 2024, ITEL forges academia-industry-investor alliances for deep-tech breakthroughs.
The HASHTIC initiative impressed with plans for compact AI electric vehicles on raised tracks, targeting a 20-minute turnaround for 15 km commutes to ease traffic woes. Incubated star Agnikul Cosmos drew focus for its flexible launchers.
Fresh off a May 2024 debut mission aided by ISRO and IN-SPACe, the firm readies a commercial reusable rocket by 2024’s close, highlighting privatized space ambitions.
Dr. Singh’s acclaim validates collaborative R&D as India’s path to tech supremacy, blending vision with execution.