Tech
IIT Kanpur Incubated Startup Gets Govt Funding To Commercialise AI, Robotics Systems In Automation Industry And Railways
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The Central government has approved funding support to an IIT Kanpur incubated startup for commercialising machine vision and robotics system for automation in manufacturing industry.
The Technology Development Board under the Centre's Department of Science and Technology has entered into an agreement with the MLIT-18 Technology Private Limited for "commercialization of Machine Vision and Robotics System for Automation in Manufacturing Industry".
The board has pledged a support of Rs 4.12 crore out of the total project cost of Rs 5.89 crore.
The company is incubated at the Startup Incubation and Innovation Centre at Indian Institute of Technology, Kanpur.
MLIT-18 has indigenously developed solutions which will be a direct substitute to the Quality Assurance and Inspection system for industrial automation in manufacturing industries and railways.
The working system is already deployed at the customer sites like Ultratech (Aditya Birla), Birla copper unit, Mahindra Igatpuri etc, the Ministry of Science and Technology said on Monday (10 April).
According to the ministry, the entire design, algorithm and assembly in the developed product is indigenous.
The company has a manufacturing site at Maharashtra for the realisation of AI and robotics systems in the automation industry and railway.
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