Axis Bank-BITS research park to be set up in Hyderabad with ₹100 crore grant

Account subscription benefits alongside Premium Stories, Editorials, Opinions and more. Unlock these with Subscription The View From India Looking at World Affairs from the Indian perspective. First Day First Show News and reviews from the world of cinema and streaming. Today's Cache Your download of the top 5 technology stories of the day. Data Point Decoding the headlines with facts, figures, and numbers Health Matters Ramya Kannan writes to you on getting to good health, and staying there The Hindu On Books Books of the week, reviews, excerpts, new titles and features. Chancellor of BITS Pilani Kumar Mangalam Birla and others at the MoU signing in Mumbai for the research park. | Photo Credit: Arrangement 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.