CUSAT Granted Rs 20 cr for Translational Research Centre
Kochi: The Kerala Government has granted
Cochin University of Science and Technology (CUSAT) Rs 20 crore
from KIIFB fund to set up a Translational Research Centre on the
campus.
The proposed CUSAT Translational
Research and Incubation Centre will play a major role in translating the fruits
of academic research in the university to products and services beneficial
to society. In the first phase, translational research facilities will be set
up in five domains -- bio and life sciences, material sciences, sensor technology,
electronic product design and Artificial intelligence and machine
learning. The 30,000 sq ft building will be equipped with common
amenities and a start up space too.
In the second phase, a 50,000 sq
ft building will provide translational facilities in the domains of agritech,
fintech, transportation and mobility, medical technology and climate
studies. The centre is expected to be financially-self sustaining within
three years of launch.
In the 2022-23 Budget, the state government
had earmarked Rs 20 Crore each for various universities to set up Translational
Research centers.