IIT Madras ties up with two industry partners for research projects

For research in Artificial Intelligence and magnetic nanoparticles-based products, IIT Madras will collaborate with two industry partners. The Institute has tied up with MagGenome Technologies to develop magnetic nanoparticles-based products. This also consists of developing advanced nucleic acid extraction kits. Apart from this, the institute has also teamed up with BUDDI Healthcare Technologies to develop Artificial Intelligence-based software products for the healthcare industry. MagGenome Technologies is a Chennai-based nano-biotechnology start-up that emphasises on designing magnetic nanoparticles-based technologies for application in chemical, pharmaceutical, life science and engineering industries. BUDDI Health is a US-headquartered cloud-based patent-pending deep learning platform for Healthcare.

For providing solutions in the domains of therapeutics, diagnostics and environmental remediation, the partnership with MagGenome Technologies will focus on other applications of magnetic nanoparticles in the near future. Headed by Prof. D. Karunagaran, the department of biotechnology at IIT Madras will be charge of this partnership. Started by IIT Madras, both these alliances were facilitated under a new concept titled 'Towards Excellence in Engineering Dual Education' (TEEDE). As part of their curriculum, it joins the classroom learning with industrial experiences and envisions students spending substantial time invested in Industry as full-time workers, in place of interns.

This initiative will offer exposure to students to real-time developments and the technological needs of the industry. Prof Rajesh Nair, TEEDE Coordinator, informed that the need-based alliance would lead to focussed knowledge sharing and would eventually lead to faster career growth for researchers. Both MoUs come with fellowships that are on par with the salary of junior-level engineers. The purpose is to allow the hiring of students by means of pre-placement project and is expected to fast track the IIT Madras students' career growth trajectory.

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