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. This Innovation Park would be set up through 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.
The innovation park will be spread across around 1.20 lakh sq ft., and will have 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.
BITS Pilani will guide the Research Park’s governance and research agenda, and Axis Bank will support its infrastructure development.
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.
