Summary: Flipkart co-founder Binny Bansal has committed ₹70 crore to establish the Binny Bansal Institute for Inventing the Future (IIF) at Plaksha University, Mohali. The institute will focus on advanced research in AI, blockchain, and robotics, developing scalable solutions in healthcare, agriculture, energy, and sustainability. This initiative aligns with Plaksha University’s broader vision of fostering innovation and entrepreneurship, including its School of AI & Computer Science and the Info Edge Center for Entrepreneurship. Experts believe this investment will significantly boost India’s technological and entrepreneurial landscape.
Flipkart Co-founder Binny Bansal Pledges ₹70 Crore to Launch Cutting-Edge Research Institute at Plaksha University
Table of Contents
In a significant move to bolster technological innovation in India, Flipkart co-founder Binny Bansal has committed ₹70 crore to establish the Binny Bansal Institute for Inventing the Future (IIF) at Plaksha University in Mohali. This initiative aims to advance research and development in cutting-edge technologies such as artificial intelligence (AI), blockchain, and robotics, focusing on creating scalable solutions for sectors including healthcare, agriculture, energy, and sustainability.
Strategic Vision for Technological Advancement
The IIF is poised to become a hub for pioneering research, fostering collaboration among academia, industry leaders, and policymakers to address pressing global challenges through technological innovation. Binny Bansal’s substantial investment reflects his commitment to nurturing an ecosystem that encourages the development and application of transformative technologies.
Plaksha University’s Commitment to Innovation
Plaksha University has been proactive in reimagining technology education and research in India. On its Foundation Day in February 2025, the university launched the School of AI & Computer Science, supported by ₹1,500 crore in philanthropic contributions from industry titans such as Bharti Foundation, Axis Bank, Havells, HT Parekh Foundation, Indorama Ventures, and Binny Bansal himself. This school aims to position India as a global leader in emerging technology research and education. Shiksha+8Plaksha+8Plaksha University+8Shiksha+2Plaksha+2EdTech Review+2EdTech Review+1Plaksha+1
Fostering Entrepreneurial Spirit
In October 2024, Plaksha University, in collaboration with Info Edge—parent company of platforms like Naukri.com, 99acres, Jeevansathi, and Shiksha—launched the Info Edge Center for Entrepreneurship. This center is dedicated to empowering aspiring entrepreneurs by providing access to world-class resources and mentorship, facilitating the transformation of innovative ideas into impactful, sustainable ventures. Shiksha+1Plaksha+1
Expert Insights on the Initiative
Industry experts view these developments as pivotal for India’s technological landscape. Dr. Ritesh Malik, founder of Innov8 Coworking, emphasized the importance of such initiatives, stating, “The Center is a significant step in nurturing and reimagining entrepreneurship. It is a platform for aspiring entrepreneurs to unlock their true potential and transform their ideas into successful business ventures.” CXOToday
Conclusion
Binny Bansal’s investment in the Institute for Inventing the Future at Plaksha University underscores a strategic effort to advance India’s capabilities in critical technological domains. By fostering research, innovation, and entrepreneurship, this initiative is set to contribute significantly to addressing global challenges and positioning India as a leader in the tech-driven future.
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Last Updated on Wednesday, April 2, 2025 9:29 am by Sai Jyothi
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