Axis Bank, BITS Pilani partner to set up Rs 100 crore innovation and research park

Axis Bank and BITS Pilani have signed an MoU to establish the Axis Bank–BITS Industry Research, Technology and Innovation Park. Supported by a Rs 100 crore CSR grant, the facility will promote deep-tech research, healthcare innovation, startups and industry-academia collaboration.

Hyderabad: Axis Bank has signed a MoU with Birla Institute of Technology and Science (BITS) Pilani, to establish the Axis Bank–BITS Industry Research, Technology & Innovation Park.

The collaboration, with an Rs.100 crore CSR grant, marks a significant step towards strengthening India’s deep-tech and translational research ecosystem by creating an integrated launch pad for facilitating deeper industry-academia collaboration, driving innovation and entrepreneurship.

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With a focus on Life Sciences, Biopharma, healthcare and medical devices, the proposed Park is being developed as a dedicated platform to strengthen India’s innovation ecosystem, with a focus on enabling cost-effective healthcare solutions that benefit the public at large.
The 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.