BITS Pilani & Axis Bank Partner to Set up INR 100 Cr Research & Healthcare Innovation Park in Hyderabad
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The proposed facility is designed as a dedicated platform focused on areas such as Life Sciences, biopharma, healthcare, and medical devices.
Birla Institute of Technology and Science (BITS) Pilani and Axis Bank have signed an MoU to establish an INR 100 crore Industry Research, Technology, and Innovation Park at the BITS Pilani Hyderabad Campus.
The initiative is aimed at strengthening India's deep-tech and translational research ecosystem by developing an integrated platform to boost industry-academia collaboration, drive innovation, and entrepreneurship.
The proposed facility is designed as a dedicated platform focused on Life Sciences, biopharma, healthcare, and medical devices.
Commenting on the partnership, Kumar Mangalam Birla, Chancellor, BITS Pilani, said, “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.”
It is intended to strengthen India’s innovation ecosystem by supporting the translation of research into practical, market-ready solutions, with a focus on developing affordable healthcare technologies and advancing the lab-to-market innovation pathway.
Located in Hyderabad, the research park will leverage Telangana's thriving life sciences corridor, anchored by Genome Valley.
By combining academia-led biopharma and deep-tech capabilities within this ecosystem, the partnership seeks to support advances in healthcare innovation, translational research, and improve self-reliance in critical technologies under the Government of India’s ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives.
As per the partnership agreement, BITS Pilani will provide academic and strategic guidance for the Research Park’s governance and research agenda, while Axis Bank shall support the Research Park's infrastructure development.
Spread across approximately 120,000 sq. ft., the facility brings together laboratories, incubation spaces, and diverse shared facilities under one roof.
It is expected to support innovators from academia, startups, and MSME domains through structured partnerships, technology development programmes, and collaborative projects.
In addition, the initiative is also expected to facilitate technology transfer and IP management and provide access to BITS Pilani’s academic expertise and talent.
Commenting on the partnership, Prof V. Ramgopal Rao, Vice-Chancellor, BITS Pilani, said, “This MoU represents a powerful alignment of vision between academia and industry. The Axis Bank–BITS Research Park will help us build precisely such an ecosystem, one that supports faculty-led innovation, nurtures doctoral research, accelerates translation, and prepares our students to solve complex problems at scale.”
Reflecting similar thoughts, Amitabh Chaudhry, Managing Director & Chief Executive Officer, Axis Bank, said, “ 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.”
The MoU signing held in Mumbai was formalised by Prof V. Ramgopal Rao and Abhejit Agarwal in the distinguished presence of Kumar Mangalam Birla and Amitabh Chaudhry.
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