Rs 100Cr. Sanctioned For Cognitive Computing & Social Sensing Hub At IIIT-Delhi
DST Sanctions Funds for Hub with Mukesh Malhotra joining as CEO.
iHUB Anubhuti at IIIT-Delhi has been funded by the Department of Science and Technology, Government of India, to the tune of about INR 100 crore for a period of 5 years. Formed under Section 8, the company has been created under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) of the GOI.
TiH has been set up to create a collaboration between industries, academic institutions and government agencies to innovate and develop data-driven cognitive computing solutions. It aims to provide these solutions to four main sectors viz. health, law enforcement & security, education and environmental sustainability.
The hub will also nurture start-ups that were born out of TIH projects for furthering their entrepreneurial efforts. These entrepreneurial initiatives will be driven through the advancement of research and development. With a focused approach to driving research and innovation, the project aims to encourage entrepreneurship and in turn yield results on a national scale.
TIH will be spearheaded by CEO Mukesh Malhotra who brings with him a rich experience of over 2 decades spanning various functions such as Finance, Corporate Strategy, P&L Management, Marketing, M&A and Commercials. He has been instrumental in starting various businesses from scratch and scaling them up in various multinationals and Indian companies.
TIH, in alignment with its vision and mission, will direct all efforts towards garnering new knowledge, conceptualising revolutionary solutions, developing a skilled talent pool and amalgamating them to create an ecosystem that promotes entrepreneurship in the field of CPS.
Around The World