As per the media reports it has been learned from the information received from the Ministry of Science & Technology that the 4th Technology Innovation in Cyber-Physical Systems (TIPS) workshop organised on 13th May at the Indian Institute of Technology, Bombay. It is a bi-annual workshop wherein each of the 25 Technology Innovation Hubs TIHs demonstrates the progress and achievements made. It is a platform for all the stakeholders including the government, startups, investors, academia, and industry, to interact, exchange ideas and witness the cutting-edge technology development in Cyber-Physical Systems domain. Prof. Abhay Karandikar, Secretary, Department of Science and Technology speaking at the inaugural ceremony said “The cyber-physical systems represent an area that is becoming more and more important in the increasingly pervasive digital world and will drive all sectors of our economy in the near future.” He further highlighted that “The 25 Technology Innovation Hubs are generating disruptive technologies through unique initiatives.”
As per the reports, Secretary, DST categorically mentioned that “This unique model to bring the industry, faculty, students and investors in this area together can help catalyse an ecosystem of deep-tech startups. It can set the template for such hub and spoke models for successfully driving innovations in new & emerging areas and make India a world leader in the area”.Dr. Kris Gopalakrishnan, Chairman, Mission Governing Board, NM-ICPS underlined the need for a cultural change to create products and technologies in the institutions so that the R&D of the industries can be shifted to these institutions. Prof Ramgopal Rao, Chairman, Scientific Advisory Committee, NM-ICPS; Prof Shireesh Kedare, Director IIT Bombay. Senior Officials of Department of Science and technology, Technology Innovation Hub along with faculty and students of IIT Bombay as well as venture capitalists also graced the inaugural ceremony of the two-day workshop.
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