IISc incubated ARTPARK to Launch $100 Million VC fund for Robotics and AI Startups
Bengaluru-based ARTPARK is a non-profit organisation that backs technology driven solutions for social causes
It is currently incubated at the Robert Bosch Centre for Cyber-Physical Systems at IISc
ARTPARK works closely with universities and research labs to solve real world issues using technology
It is seed-funded by DST (Department of Science and Technology) and Government of Karnataka
VC fund aligns with the economic model of ARTPARK
In this, the firm becomes autonomous in 5 years once the funding from the government stops
Overcoming hardships due to the pandemic, Robotics and AI industry is set to witness massive surge in the coming years
