IPTIF is a Section-8 company at IIT Palakkad by the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) coordinated by the Department of Science and Technology, Govt. of India. IPTIF focuses on attracting available nationwide potential and harnessing the expertise, thus fostering class research innovation, technology, and product development. IPTIF which is Established by IIT Palakkad to enable a vibrant innovation ecosystem and provide a reliable platform for technology-based start-ups and entrepreneurs and engage in activities that create value for the local and national ecosystem.

Vision: IPTIF encourages cutting-edge research, creative product development, industry-relevant up-skilling, and comprehensive entrepreneurial assistance in the domain of Cyber-Physical Systems.

Mission:

• IPTIF will increase India's competitiveness, allow long-term sustainable economic growth, and create jobs by encouraging and expanding research, skill development, translational research, and product development in cyber-physical systems, with a focus on Intelligent Collaborative Systems.
• IPTIF will give a boost to innovation and entrepreneurship in India by establishing conditions that foster creative and inventive thinking.
• IPTIF will provide academics, innovators, and innovation-driven start-up ecosystems with the necessary knowledge, skills, and real-world experience to enable them to flourish in research, skill development, and technological product creation.

Objective: To encourage and strengthen ICS research, skill development, technological product development, and international partnerships to increase competitiveness, long-term economic growth, and job creation.

• One of the faces of DST in Technology development of the Nation.
• A strong pillar of becoming Digital India and making In India.
• Formed under the mission of NMICPS by The Government Of India.
• Part of India’s premier institutions like IIT.

• Technology Development, Entrepreneurship, and skill development under one roof.

Partnering up with the leading corporates which help us spread the word about this initiative, and will allow everyone across India access to technical education and training eminently, including the female population of rural areas, to enforce equal opportunity and women empowerment by reaching close to their homes and bringing about a complete transformation in the remote ecosystem of India. In this initiative together we can increase jobs and internships for the people of the rural community by syncing with local industries and corporations that need skilled talent. with an aim to create an effective rural impact, we believe it would be better to align our visions together to make a proficient rural impact.