‘India needs to create research ecosystem, translate knowledge into wealth’

IIT-Delhi director attends awards event at Hyderbad’s Osmania University

The Indian Institute of Technology (IIT)-Delhi launched an endowment fund in 2019 with a target of clocking $1 billion by 2030 and has already raise funds to the tune of ₹265 crore. In the past year alone, it was able to generate ₹65 crore.

Disclosing this at the Osmania University Vice-Chancellor’s awards programme held on Monday, IIT-Delhi director V. Ramgopal Rao, who participated as chief guest, said there was a need to create research ecosystem and encourage faculty members to pursue research activity. He opined that India is not filing enough patents.

“I am from Kollapur in Mahabubnagar district, and studied there till class 12. Where you come from does not matter; what matters is the zeal to achieve. India is doing better in terms of research and stands third in the world with the first two places occupied by China and USA,” he said, adding that the patent filing time was brought down to one month.