BITS Pilani, Axis Bank partner to set up Rs 100 crore Innovation hub in Hyderabad

Mumbai, Jun 17 (PTI) Birla Institute of Technology and Science (BITS) Pilani and Axis Bank have signed an agreement to establish a Rs 100 crore Industry Research, Technology and Innovation Park in Hyderabad, aimed at strengthening India's deep-tech and translational research ecosystem.

“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,” BITS Pilani Chancellor Kumar Mangalam Birla said in a statement.

With a focus on life sciences, biopharma, healthcare, and medical devices, the proposed innovation park at BITS Pilani's Hyderabad campus, backed by a Rs 100 crore CSR grant, is being developed as a dedicated platform to strengthen India's innovation ecosystem.

Under the partnership, BITS Pilani will guide the Research Park's governance and research agenda, while Axis Bank will support the infrastructure development.

“We believe that the future of inclusive and sustainable progress lies at the intersection of knowledge, innovation and purpose. Our collaboration with BITS Pilani resonates strongly with our organisational ethos and our commitment to nurturing ecosystems that can solve real-world challenges. As institutions, we share a collective vision of building conscientious leaders equipped with knowledge and the unwavering resolve to make a difference,” Axis Bank’s MD and CEO Amitabh Chaudhry said. PTI