Phase 0 (an interim arrangement)-that looks to make its debut in 2017 - will be established in the academic area. The Research Park has already successfully been set up at the IIT-Madras campus and few other IITs across the country have been selected by MHRD for this venture. With Phase 0 being set up in the academic area, the Park aims to establish an innovation hub through industry-academia collaboration, build a strong industrial relationship by starting R&D centres in the institute, and promote entrepreneurship. Tudents of the Indian Institute of Technology-Bombay (IIT-B) might no longer need to seek help from outsiders to support their start-up ideas, as work on a ‘Research Park’ will finally start in 2017.
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