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. The project will be developed with an estimated 100 INR-Crore CSR grant from Axis Bank. Located in Hyderabad, the facility will focus on life sciences, biopharma, healthcare and medical devices.
The Axis Bank-BITS Research Park will span approximately 0.12 Million-SqFt. The facility will house laboratories, incubation spaces and shared research infrastructure under one roof. It will support innovators from academia, startups and MSMEs through structured partnerships and collaborative projects. Additionally, the park will facilitate technology transfer, intellectual property management and access to BITS Pilani’s academic expertise. BITS Pilani will guide the governance and research agenda, while Axis Bank will support infrastructure development.
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The Axis Bank-BITS research park aims to strengthen India’s research and innovation ecosystem. Further, the facility is expected to support the development of cost-effective healthcare solutions across multiple sectors. The project will also create a platform for industry-academia collaboration and accelerate technology commercialization in healthcare-related fields.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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