The Bill, passed last night, has provisions saying that the university will work closely with the government, industry and other users of technology to develop and deliver technological solutions to enhance their service delivery.
The university will be committed to the entire value chain of knowledge creation, diffusion and preservation to meet the challenges of the century.
It will create a community of students, faculty and scholars with passion for learning, creativity, innovation in all aspects of academic pursuit, the bill stated.
Academicians, however, feel that the tag will enable the premier institute to innovate and pursue its objectives with devotion and diligence without depending on any other state-run bodies.
In 2007-08, the institute started imparting education in M.Tech in Computer Science and Engineering programme while the B.Tech programme in four disciplines started in the year 2009-10 with approval of AICTE and affiliation of Biju Patnaik University of Technology (BPUT).