Current Affairs - State - Discussion

The Odisha government has signed an agreement to setting up an incubator for promoting research with Software Technology Park of India (STPI), philanthropist Sushmita Bagchi, and IIT Bhubaneswar in Bhubaneswar, Odisha. As per the above agreement, The Centre of Excellence for Virtual & Augmented Reality" (VARCoE) will be set up at the campus of IIT, Bhubaneswar and it will become a landmark initiative for promoting research, technology incubation and product development in the country. Odisha state government has contributed the cheque of Rs 2.5 crore to Director, IIT, Bhubaneswar for this initiative. Susmita Bagchi, a philanthropist, also contributed Rs 2.5 crore to Director of IIT.