Axis Bank and Birla Institute of Technology and Science (BITS) Pilani have teamed up to launch the Axis Bank-BITS Industry Research, Technology & Innovation Park at BITS Pilani Hyderabad Campus . This project gets a ₹100 crore CSR grant,aimed at boosting India's innovation scene, especially in life sciences, biopharma, healthcare, and medical devices.
The park will cover about 1.20 lakh square feet, planned as a hub for innovation. Labs,incubation spaces,shared facilities — all there. Goal is to foster collaboration between academia, startups and MSMEs. It will help with technology transfer, manage intellectual property, and give access to BITS Pilani's academic resources.
BITS Pilani will handle governance and research direction,while Axis Bank builds the infrastructure. Chancellor Kumar Mangalam Birla stressed partnership's significance,saying it's the kind of collaboration India needs to boost its innovation systems. He mentioned the park will boost BITS Pilani's research and entrepreneurial efforts,benefiting society.
Amitabh Chaudhry, MD and CEO of Axis Bank, said they share vision with BITS Pilani to develop leaders who are not just knowledgeable but also driven to make a difference. The MOU was signed at a ceremony in Mumbai.
