Latest news with #GlobalInnovationHub
Time of India
17-06-2025
- Business
- Time of India
New global innovation hub at Bengaluru airport city to boost innovation in AI and critical industries
Karnataka government , Bengaluru Airport City Ltd. (BACL), and consultancy firm ANSR on Tuesday launched a Global Innovation Hub, District I, to support deep-tech entrepreneurship, enterprise-driven innovation, and the commercialisation of academic research. Under the initiative, Global Capability Centres (GCCs), IT service providers, accelerators, corporate labs, startups, VCs, academia, and public institutions will develop a collaborative ecosystem. The focus will be on developing advanced technologies, including AI, quantum computing, blockchain, and customer experience technologies. The government stated that the hub will foster innovation in critical industries, including aerospace, space technology, smart cities, retail, banking, financial services, and insurance (BFSI), manufacturing, telecommunications, and defence. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's The Average Price of a 6-Hour Gutter Guards Upgrade Read More Undo Spread across BACL's Business Park cluster, which is a subsidiary of Bangalore International Airport Limited (BIAL), the district will be 28 million sq. ft, which will house R&D hubs, a separate education and health district and lifestyle offerings. Karnataka's IT-BT, Secretary, Ekroop Caur, said, ' With the Global Innovation Hub, we are creating a platform that brings together every part of the ecosystem to collaborate, innovate, and lead globally. This is a key step toward making Bengaluru the world's next great innovation capital.' Live Events During the launch, BACL said the district project will be more than just a physical space and aims to capture the ethos of work, play, live, learn, and create, offering startups and enterprises a vibrant ecosystem backed by world-class infrastructure. 'District I is central to our long-term vision of building a future-ready, innovation-led economy, one where ideas spark, collaborations thrive, and entrepreneurs drive meaningful change,' said Rao Munukutla, Executive Director, BACL. Founder of ANSR, Lalit Ahuja, said Bengaluru has the potential to strengthen its position with a globally benchmarked innovation platform. 'By uniting startups, service providers, GCCs, academia, and public infrastructure on one seamless platform, we are setting a powerful flywheel in motion that will propel the next wave of breakthrough technologies from India to the world.' The BACL already has several facilities operational, including a central kitchen and a state-of-the-art 3D printing unit. Upcoming projects like India's first airport-based concert arena and a modern convention and exhibition centre are expected to strengthen BACL's position as both a cultural and business destination. The area will also feature around 5,200 hotel rooms. As part of its development as a smart city, it will focus on five key areas: built environment and city management, urban mobility, energy, safety and security, and environment and water.
The Hindu
17-06-2025
- Business
- The Hindu
Global Innovation Hub, District I launched at Business Park of Bengaluru Airport City Limited
The government of Karnataka, Bengaluru Airport City Limited (BACL), and ANSR have jointly announced the launch of a Global Innovation Hub, District I within the Business Park of BACL. The Bangalore International Airport Limited (BIAL) said that District I will serve as a central platform to accelerate deep-tech entrepreneurship, enterprise-driven innovation, and the commercialisation of academic research. BIAl hopes that by bringing together Global Capability Centers (GCCs), IT service providers, accelerators, corporate labs, startups, VCs, academia, and public institutions will foster an interconnected, collaborative ecosystem across industries and institutions. With a focus on advanced technologies, such as AI, quantum computing, blockchain, and customer experience technologies, this hub will foster innovation in critical industries, including aerospace, space tech, smart cities, retail, BFSI, manufacturing, telecom, and defence — sectors where Bengaluru already leads with deep technological capabilities. District I will be an integral part of Bengaluru Airport City's expansive 28 million sq. ft. Business Park cluster, which is being projected as a world-class, mixed-use urban destination encompassing cutting-edge R&D hubs, a dedicated Education & Health District, a vibrant mix of hospitality, entertainment, and lifestyle offerings. 'Bengaluru has always led from the front in India's tech journey. With the Global Innovation Hub, we are creating a platform that brings together every part of the ecosystem to collaborate, innovate, and lead globally. This is a key step toward making Bengaluru the world's next great innovation capital,' said Ekroop Caur, secretary, Department of Electronics, IT, BT, and S&T, Government of Karnataka. 'At Bengaluru Airport City, we are proud to introduce District I, a dynamic hub created to inspire and empower the next generation of innovators. More than just a physical space, District I captures the ethos of work, play, live, learn, and create, offering startups and enterprises a vibrant ecosystem backed by world-class infrastructure. District I is central to our long-term vision of building a future-ready, innovation- led economy – one where ideas spark, collaborations thrive, and entrepreneurs drive meaningful change,' said Rao Munukutla, Executive Director & CEO, BACL.
