The research work at Indian Institute of Technology-Bombay (IIT-B) has witnessed a 17% rise this academic year, but the number of patent filings has dropped by 25%. These include 297 long-term sponsored projects and 627 short-term consultancy projects. The institute generated Rs393 crore in revenue through the new and existing research and development activities, up from Rs255 crore in 2015-16. In 2016-17, 76% of the institute’s external grant for research and development came from the government, while 18% was from the private sector. “The government expects us to come up with some product after research,” said Abhijit Majumdar, a faculty member in the department.

Source: Hindustan Times August 12, 2017 19:07 UTC