Plaksha University launches Binny Bansal Institute for Inventing the Future

Plaksha University, a technology university for higher education and research in India, has launched the Binny Bansal Institute for Inventing the Future (IIF). 

Binny Bansal, founder of Flipkart and xto10x, has given a startup funding of Rs 70 crore ($8 million) to set up IIF. 

The institute aims to solve real-world problems using advanced technologies like Artificial Intelligence (AI), blockchain, and robotics.

IIF will focus on sectors such as healthcare, agriculture, clean energy, and environmental sustainability. It plans to turn research into practical solutions, promote AI talent in India, and encourage partnerships between universities and companies to bring ideas to the market.

IIF has collaborated with the University of California, Berkeley. The partnership will enable joint research, student and faculty exchanges, and shared learning.

Binny Bansal said the institute reflects his belief in using technology to improve lives. Prof. Shankar Sastry, Founding Chancellor of Plaksha and professor at UC Berkeley, said IIF is a big step in making India a leader in deep-tech innovation.

Plaksha University, supported by global tech and business leaders, aims to change the way technology education and research are done in India by encouraging hands-on learning, interdisciplinary study, and innovation.