IIIT-Hyd Launches ‘Co-innovation Models’
Hyderabad: In a bid to extend its deep tech research and domain expertise in the industry, the International Institute of Information Technology, (IIIT-Hyderabad) announced the launch of “co-innovation models” of engagement with industry, bringing deep technology knowledge in research labs to come to bear on real world problems that industry is solving.
Prof Vasudeva Varma, Dean R&D said, “The conventional model of engagement with industry was primarily commissioned research. Very small class of industry problems fitted this mode as there could not be any dependencies on companies systems, data, or domain knowledge. These joint innovation models open a whole new range of problems that can now jointly be addressed”.
There are two models whereby industries can associate with the institute and leverage its research and domain knowledge. Under the Two-Way Co-innovation Model, industries will be able to engage with IIIT-Hyderabad’s research centres through joint efforts in evolving research problems or existing ones that require deep-tech knowledge and technology inputs. They can also explore emerging tech areas through pilot projects conducted at IIIT-Hyderabad’s research centres by setting up their innovation labs at the institute, and gain access to IIIT-Hyderabad’s research insights, deep tech design and implementation assistance.
The Three-WayCo-innovation Model consists of companies backing start-ups whereby IIIT-Hyderabad will assist in identifying startups that can leverage the research and innovations being done at the institute. The products created through this model could be bought over or licensed by companies. By bringing deep-tech into their products, and help from faculty and research scholars in the co-innovation lab, IIIT-Hyderabad hopes to have its research productively consumed by the industry.
Commenting on this novel initiative, Ramesh Loganathan, Professor of Practise, Co-innovations said, “Today, the research in labs stay within its walls, and real world problems within companies. Through IIIT-Hyderabad’s co-innovation model, we are confident of addressing these challenges and creating deeper engagements between the institute’s work and the industry”.(NSS)