Ø  The aim of the centre is to support researchers and startups in identified areas of Clean and Green Energy Technologies

Ø  Ivaan Foundation has committed to provide financial support of around Rs. 70 crores for the establishment of the centre.

JODHPUR, 03-JANUARY-2023: Indian Institute of Technology Jodhpur recently signed a Memorandum of Understanding (MoU) with Rishabh Instruments Ltd. and Ivaan Foundation to set up the Rishabh Centre for Research and Innovation in Clean Energy. The MoU was signed between Dr. Santanu Chaudhury, Director, IIT Jodhpur and Mr. Narendra Goliya, Chairman and Managing Director, Rishabh Instruments Ltd. and Ivaan Foundation.

The centre's main aim is to facilitate basic and applied research by utilizing the knowledge base of faculty and researchers at IIT Jodhpur. The centre will also look for opportunities to engage with other academic institutions, technology centres, startups and industries spread all over the country.

The research & technology roadmap of the centre will enable collaborative research through appropriate programs and lead to the development of new and enhanced technologies for cutting-edge future applications. The centre will have close linkage with respective industries and leverage the robust innovation ecosystem of IIT Jodhpur for technology translation and product development.

Some of the objectives of Rishabh Centre for Research and Innovation in Clean Energy are:

•  To support startups and MSMEs in identified areas of Clean and Green Energy Technologies
•  To conduct and promote basic and applied research and innovation in identified areas of Clean and Green Energy
•  To nurture entrepreneurship in identified areas of Clean and Green Energy

Ivaan foundation has committed to providing financial support of around Rs. 70 crores in the next 3-5 years to the institute to establish the necessary infrastructure and various research laboratories in the centre.

Dr. Santanu Chaudhury, Director, IIT Jodhpur, expressed his appreciation for Mr. Narendra Goliya's initiative and support for creating an innovation ecosystem in the broad area of clean energy at IIT Jodhpur which will facilitate the generation of technologies for energy sustainability.

During the MoU signing event, Mr. Narendra Goliya, Chairman and Managing Director, Rishabh Instruments Ltd. and Ivaan Foundation, said, "I am very happy to announce that we are establishing a Centre for Research and Innovation in Clean Energy, with an aim to develop new technologies that will promise a cleaner future for India and the entire world. We found a very competent partner in IIT Jodhpur that has similar objectives. The centre will be built and managed on the premises of IIT Jodhpur over the next three years."

He further added, " IIT Jodhpur has young and committed faculties who are willing to work with scholars in the new technology areas for which there is an acute need in this world. The countries with sufficient energy are either not competitive in cost and reliability or are polluting and riddled with transmission and distribution losses. Academia will also ensure that most of the technologies they develop have commercial applications and usage, which will be put to appropriate ventures to ensure that the researchers and faculties at IIT Jodhpur are incentivized to put them to commercial use. With leadership from IIT Jodhpur and Rishabh Instruments, we are sure the centre will fulfil its stated objectives and motivate other industries to set up such research centres."

About Ivaan Foundation:

Ivaan Foundation is a Section 8 Company set up by the Goliya Family, promoters of Rishabh Instruments Ltd., a multinational company promoted by Mr. Narendra Goliya, an IIT Bombay graduate born in Jodhpur and his family, manufacturing electrical and electronic instruments, solar energy inverters and aluminium pressure die castings.

About Rishabh Instruments Ltd:

Rishabh Instruments Ltd. is a company registered under the Companies Act 1956. It is a multinational company having factories in India, (Nashik), Poland (Zielona Gora) and China (Shanghai), manufacturing and marketing electrical and electronic instruments, aluminium pressure die castings and solar inverters with sales offices in many cities in India and abroad.

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