IIT Delhi Raises 40 cr for First Sci­ence Park

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The Economic Times - - Companies - Prachi.Verma@times­group.com

New Delhi: The In­dian In­sti­tute of Tech­nol­ogy (IIT) Delhi has put to­gether an ini­tial fund­ing of .₹ 40 crore for the first sci­ence park that is ex­pected to come up at its cam­pus this year or in 2017.

The funds were raised from in­dus­try, Foun­da­tion for In­no­va­tion and Tech­nol­ogy Trans­fer (FITT) and IIT Delhi, said Anil Wali, man­ag­ing di­rec­tor of FITT — an au­ton­o­mous in­dus­try in­ter­face or­gan­i­sa­tion of IIT Delhi.

“The to­tal in­vest­ment for the sci­ence park is about .₹ 135 crore, but as of now, we have ini­tial funds in place to get the work started,” Wali said.

Cur­rently, the only place for in­cu­ba­tion at IIT Delhi cam­pus is the FITT fa­cil­ity, which is quite small. Once the sci­ence park is in place, the in­sti­tute will be able to house about 100 in­cu­ba­tors at the same time.

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