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Axis Bank has signed an MoU with Birla Institute of Technology and Science (BITS) Pilani, to found the Axis Bank-BITS Industry Research, Technology & Innovation Park astatine the BITS Pilani Hyderabad Campus with a ₹100 crore CSR grant.
The facility, with its absorption connected Life Sciences, biopharma, healthcare and aesculapian devices, is being developed arsenic a dedicated level to fortify India’s innovation ecosystem and specifically to alteration cost-effective healthcare solutions that payment the nationalist astatine large.
Spread crossed astir 1.20 lakh sq ft., the Axis Bank-BITS Industry Research, Technology & Innovation Park volition location laboratories, incubation spaces and divers shared facilities nether 1 roof, particularly supporting innovators from academia, startups and MSME domains done structured partnerships, co-design and co-creation of projects. This volition enactment exertion transportation and IP management, and supply acceptable entree to BITS Pilani’s world expertise and talent, Axis Bank said successful a merchandise connected Wednesday.
BITS Pilani volition usher the Research Park’s governance and probe agenda, and Axis Bank volition enactment its infrastructure development.
“The concern betwixt BITS Pilani and Axis Bank is precisely the benignant of forward-looking collaboration India needs to physique stronger innovation systems. The Research Park volition assistance BITS Pilani deepen its enactment successful cutting-edge probe and entrepreneurship portion besides contributing to solutions that tin marque a meaningful quality to society,” Chancellor of BITS Pilani Kumar Mangalam Birla said.
Axis Bank MD and CEO Amitabh Chaudhry said “as institutions, we stock a corporate imaginativeness of gathering conscientious leaders equipped with cognition and the unwavering resoluteness to marque a difference”. The MoU signing ceremonial was held successful Mumbai.
