The IIT Bhubaneswar Research and Entrepreneurship Park (IIT BBS REP) is an innovation hub located in Bhubaneswar, Odisha, India. It was established in 2017 to promote research and entrepreneurship activities in the region by providing a conducive ecosystem for startups and innovators.
The IIT BBS REP is spread over an 40,000 sq ft built area and has state-of-the-art infrastructure and facilities such as incubation centers, labs, conference rooms, and networking spaces to support startups and researchers. The REP provides access to funding, mentorship, and networking opportunities to help entrepreneurs and researchers turn their ideas into successful ventures. The IIT Bhubaneswar Research and Entrepreneurship Park collaborates with various stakeholders, including industry partners, government agencies, and academic institutions, to create a vibrant and dynamic ecosystem for entrepreneurship in the region. IIT BBS REP also promotes research and innovation by supporting the development of new products, services, and technologies.
The IIT BBS REP aims to promote innovation and entrepreneurship in the region by fostering a culture of research and development. It is expected to play a vital role in driving economic growth and development in Odisha and beyond.
The Objectives of IIT Bhubaneswar Research and Entrepreneurship Park are:
- To inculcate a culture of innovation driven entrepreneurship in the state.
- To promote new technology/ knowledge/ innovation based startups.
- To provide a platform for speedy commercialisation of technology developed by new entrepreneurs.
- To build a vibrant startup ecosystem, by establishing a network between academia, financial institutions, industries, and other institutes.