Thiruvananthapuram: The Higher Education Department under the state government has issued an order allocating Rs 20 cr each for six universities in Kerala, to set up translational centres. This was one of the major announcements in the Kerala Budget 2022 and the present move is to bring this at the earliest. Though IIT Madras has a translational centre, this is first time that they will be simultaneously set up in multiple universities in India.
What is a translational centre?
A translational centre is set up to deliver research outcomes into product or service form so that it can be used for meeting various needs and wants of the society. A translational centre will have equipment, business development centre, commercial and public negotiation centres and mechanism to have interaction with industrial sector. It will ensure that knowledge, products and service based on innovative ideas have patents and other allied credentials. Both teachers and students can cooperate together for entrepreneurial opportunities. Apart from this it will facilitate networking with foreign universities and investors.
How it will be actualised?
In the first phase, translational centres will be set up in Kerala University, MG university, Calicut University, Kannur University, CUSAT and KTU. Project Management Unit will be formed in each universities this year itself. Special purpose vehicle or special purpose entity (SPV/SPE) will be created. Each university will ready detailed project report (DPR) by October 5. Meanwhile, KIIFB will be providing basic amenities. The government will create respective job vacancies for the centres. The universities will be allowed to pool money and policy will be tweaked in this regard.