IIT Hyderabad targets quadrupling research funding to Rs 200 crore by 2024

Indian Institute of Techlogy (IIT) Hyderab will take steps on improving its ranking and has set a target of generating Rs 200 crore per year for funding research by 2024 through various sources, its director Prof B S Murty said on Thursday. current level of research funding stands at Rs 50 crore a year, a release from IIT Hyderab said.

At present, institute is ranked at 8th position in 'Engineering Institutions' Category in National Institute Ranking Framework (NIRF) 2019. Institute is also targeting breaking into top 400 Global Institutions, from its current rank, which is between 600 and 800, release said.

Murty, who took over as director in August 2019, unveiled 'IIT Hyderabs Vision for 2024' to media on campus. Major highlights of romap to Vision 2024 include enabling 40 companies at IIT Hyderab Research Park from current five, increasing startups incubated from present 20 to more than 50, doubling faculty strength of Institute to 400 and increasing student strength to 5,000 from current level of 2,850.

Murty said since August 2019, IIT Hyderab has entered into four MoUs with Japanese Institutes and entered into five collaborations with Indian Research Centers, Private Companies and Telangana government.

Murty furr said a Research Park and an Incubation Cell spanning 1.5 lakh sq.ft each are also coming up, which will be a major boost to startups and industry relations.

Institute is also introducing an M.Tech in Healthcare Entrepreneurship and also plans to launch Industry-supported M.Tech programmes in sectors such as E-Waste Manment, Cyber Security and vanced Manufacturing.

IIT Hyderab will also launch a new Department called 'Department of Manment and Entrepreneurship,'which will focus on encouraging students to become 'Job Generators' through entrepreneurial activities, release ded. PTI VVK

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