IIT Bombay's R&D Funding Surges for 2023-24 with Focus on Hydrogen and Drone Tech
Key Ideas
- IIT Bombay's R&D funding has increased by 39.44% to ₹700 crore for the 2023-24 academic year, the highest in three years.
- The institute is focusing on achieving technological self-reliance with major projects in hydrogen storage and drone technology.
- Projects like indigenous hydrogen storage and the Maharashtra Drone Mission are being funded by government and industry grants.
- The institute's collaborative approach involves researchers from various fields and aims to establish itself as a global leader in research and innovation.
The Indian Institute of Technology Bombay (IIT-B) has seen a significant increase in its research and development (R&D) funding, receiving ₹700 crore for the 2023-24 academic year, a 39.44% rise compared to the previous year. The surge in funding aligns with IIT Bombay's goal of achieving technological self-reliance and involves projects in hydrogen storage and drone technology. The institute is working on projects like indigenous hydrogen storage through textile-based composites and the Maharashtra Drone Mission to foster indigenous technology development. With a substantial portion of the R&D funding coming from industries and government grants, IIT Bombay aims to tackle complex problems through multidisciplinary research centers. Professor Shireesh B Kedare, the director of IIT Bombay, highlighted the institution's active engagement in diverse research areas and the integration of academics and research to enhance its global standing as a premier educational and research institute.