Nation’s first AI & Robotics Technology Park (ARTPARK) launched in Bengaluru

Highlights:

• The country’s first Artificial Intelligence & Robotics Technology Park (ARTPARK) was launched in Bengaluru, Karnataka. 
• It is promoted by a not-for-profit foundation set up by the Indian Institute of Science (IISc) Bengaluru, with a seed capital of Rs. 230 crore from the State and Central governments.
• ARTPARK (AI and Robotics Technology Park) along with AI Foundry is going to launch a $100 million venture fund to support AI and robotics innovations in India. 
• The fund will be backed by the government, private companies, and VCs.
• ARTPARK intends to use futuristic technologies to connect the unconnected will work with a focus on creating a globally leading AritificiaI Intelligence and Robotics Innovation ecosystem in India.
• The ARTPARK has the objective of channelizing innovations to create a societal impact by executing ambitious mission-mode R&D projects in healthcare, education, mobility, infrastructure, agriculture, retail, and cyber-security aiming to solve problems unique to India.