In a boost for India’s innovation ecosystem, Union Minister Dr. Jitendra Singh lauded IIT Madras’s consortium-led model during a Sunday visit to its Research Park. He noted its effectiveness in rapidly commercializing technologies, a strategy gaining traction across universities and institutions.
Exploring the ITEL Foundation and cutting-edge labs, Dr. Singh delved into initiatives spanning urban transport solutions, aerospace innovations, healthcare devices, and neuroscience. ‘Involving industry from the research inception ensures solutions are grounded in reality,’ the minister observed.
This framework, he added, streamlines the journey from lab discoveries to viable products. Launched in July 2024 as a Section 8 entity backed by the Department of Science and Technology, ITEL bridges academics, businesses, and funders to propel deep-tech from concept to commerce.
The visit featured a compelling showcase of the HASHTIC project, deploying AI-powered mini electric vehicles on overhead tracks to conquer city gridlock, potentially halving travel times for typical 15 km trips. Attention also turned to Agnikul Cosmos, the incubated space venture pioneering adaptable launch systems.
With ISRO and IN-SPACe backing, Agnikul’s first orbital mission triumphed in May 2024. Preparations are underway for a reusable rocket debut later this year, exemplifying private sector momentum in India’s burgeoning space industry.
Dr. Singh’s visit reinforces the power of public-private synergies, positioning IIT Madras as a blueprint for nationwide tech progress and global competitiveness.