IISc-backed ARTPARK creating societal impact

By Team YS
June 12, 2022, Updated on : Sun Jun 12 2022 12:04:23 GMT+0000
IISc-backed ARTPARK creating societal impact
The not-for-profit foundation was set up in 2020 by Umakant Soni, Bharadwaj Amrutur, and Subhashis Banerjee in collaboration with the DST (Dept. of Science and Technology) and the Government of Karnataka (GoK).
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A study by PWC titled “Artificial Intelligence in India-Hype or Reality” says that India, with the help of data and artificial intelligence (AI), can become a $5 trillion economy by 2025. However, AI needs to be extensively utilised in all sectors, ranging from agriculture, MSMEs, and financial services, to healthcare, energy, and logistics to create a vibrant economy.


This formed the genesis of Bengaluru-based ARTPARK— an acronym for AI and robotics technology park. The not-for-profit foundation was set up in 2020 by Umakant Soni, Bharadwaj Amrutur, and Subhashis Banerjee in collaboration with the DST (Dept. of Science and Technology) and the Government of Karnataka (GoK).


Promoted by the IISc (Indian Institute of Science) and supported by AI-foundry, ARTPARK is seed-funded by DST and GoK to the tune of $32 million to help translate cutting-edge research into solutions that can have an impact on the society.


ARTPARK intended to create a collaborative consortium of industry, academic, and government partners. These innovations are aimed at creating a societal impact by carrying out various R&D projects across industries, including healthcare, education, mobility, infrastructure, agriculture, retail, and cybersecurity. Read more.

Artpark

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