All India Institute of Ayurveda (AIIA), New Delhi today celebrated the sixth Foundation Day of its incubation centre, AIIA-iCAINE with the launch of a national innovation challenge in Artificial Intelligence (AI) for Ayurveda.
The Union Ministry of Ayush said, the celebration was featured by the launch of AyushTech Innovate: National Open Ayurveda AI Challenge with its grand finale scheduled to be held from 15th to 18th December this year at IIT Bombay.
The Ministry noted that two Memoranda of Understanding (MoUs)have been signed by AIIA-iCAINE to strengthen research, innovation and commercialisation in Ayurveda.
The MoU with the World Ayurveda Foundation (WAF) will facilitate the establishment of “AI in Ay – Secretariat for Artificial Intelligence in Ayurveda”, a collaborative platform to advance AI-driven research, innovation and entrepreneurship.
The collaboration will support joint research, funding and CSR proposals, capacity-building programmes, hackathons and startup incubation. The Ministry of AYUSH highlighted the launch of the Intellectual Property Rights (IPR) Facility for Ayurveda as the second major achievement of the collaboration.
It noted that the institution of IPR facility will promote awareness of intellectual property protection among Ayurveda innovators and entrepreneurs, safeguarding their innovations as they progress towards product development and commercialisation.
AIIA-iCAINE is recognised as India’s first public-sector Ayurveda business incubator which was established on October 29, 2021, under the mandate of the Ministry of Ayush, Government of India.
