Axis Bank-BITS research park to be set up in Hyderabad with ₹100 crore grant
Axis Bank has signed an MoU with Birla Institute of Technology and Science (BITS) Pilani, to establish the Axis Bank-BITS Industry Research, Technology & Innovation
Axis Bank has signed an MoU with Birla Institute of Technology and Science (BITS) Pilani, to establish the Axis Bank-BITS Industry Research, Technology & Innovation Park at the BITS Pilani Hyderabad Campus with a ₹100 crore CSR grant. The facility, with its focus on Life Sciences, biopharma, healthcare and medical devices, is being developed as a dedicated platform to strengthen India’s innovation ecosystem and specifically to enable cost-effective healthcare solutions that benefit the public at large.
Spread across around 1.20 lakh sq ft., the Axis Bank-BITS Industry Research, Technology & Innovation Park will house laboratories, incubation spaces and diverse shared facilities under one roof, especially supporting innovators from academia, startups and MSME domains through structured partnerships, co-design and co-creation of projects. This will support technology transfer and IP management, and provide ready access to BITS Pilani’s academic expertise and talent, Axis Bank said in a release on Wednesday.
BITS Pilani will guide the Research Park’s governance and research agenda, and Axis Bank will support its infrastructure development. “The partnership between BITS Pilani and Axis Bank is exactly the kind of forward-looking collaboration India needs to build stronger innovation systems. The Research Park will help BITS Pilani deepen its work in cutting-edge research and entrepreneurship while also contributing to solutions that can make a meaningful difference to society,” Chancellor of BITS Pilani Kumar Mangalam Birla said.
Axis Bank MD and CEO Amitabh Chaudhry said “as institutions, we share a collective vision of building conscientious leaders equipped with knowledge and the unwavering resolve to make a difference”. The MoU signing ceremony was held in Mumbai.
The BriefWire