The centre will possess multiple specialised labs in the area such as Internet-of-Things, Artificial Intelligence and Machine Learning, Fin-Tech Labs.
BITS Pilani has inaugurated a specialised “Rakesh Kapoor Innovation Centre” focused on entrepreneurship. The new centre was inaugurated on October 8 at the main BITS Pilani campus.
This new Centre will be the home to the business incubator, Pilani Innovation and Entrepreneurship Development Society (PIEDS), which was set up with the grant of Department of Science and Technology (DST), the institute said in an official release.
The centre will also possess multiple specialised labs in the area such as Internet-of-Things, Artificial Intelligence and Machine Learning, Fin-Tech Labs. It will also have space for administrative offices for professionals and faculty members involved in incubation activities.
Rakesh Kapoor, who studied at BITS Pilani from (batch 1980), donated $1.2 million (about Rs 10 crore) to BITS Pilani for the creation of the Centre of Innovation, which is the biggest donation the institute has received till date.
“As we launch this Innovation Centre at BITS, we begin a new era in entrepreneurship and innovation. This facility exemplifies our commitment to fostering collaboration, curiosity, and innovation. Here, the brightest minds will unite to transform concepts into solutions and aspirations into reality,” said Prof. V. Ramgopal Rao, Vice Chancellor, BITS Pilani.
During the event various donors were felicitated for their contribution towards the institute. Some of them include entrepreneurs such as Anuradha & Prashanth Palakurthi , Anurag Jain & Ross Perot Jr. Abhinav Asthana and Abhijit Kane, Chaitanya Kalipatnapu, Mukesh Sharma, Kiran Bhat, Aparna & Raghu Sethuraman, Rakesh Verma, along with the batch of 1989, 1993, and 1994.