BITS Pilani, Axis Bank Join Hands to Set Up a 100 Crore Research and Innovation Park in Hyderabad

BITS Pilani and Axis Bank have signed an MoU to establish a Rs. 100 crore research, technology and innovation park at the Hyderabad campus to boost deep-tech and healthcare innovation. Get more details here.

Axis Bank and BITS Pilani to Build Rs.100 Crore Research and Innovation Park in Hyderabad

BITS Pilani has signed a Memorandum of Understanding (MoU) with the Axis Bank to establish a Rs. 100 crore Industry Research, Technology and Innovation Park at the BITS Pilani Hyderabad campus. The project aims to strengthen industry-academia collaboration and support advanced research in India. The upcoming innovation park will focus on areas such as deep-tech, healthcare, medical devices, life sciences and biopharmaceuticals. It is expected to help researchers, startups and industry experts work together to develop practical solutions for real-world challenges.

The initiative is designed to improve India’s lab-to-market ecosystem by helping research projects move towards commercialization and wider industry adoption. According to reports, the innovation park will be developed with support from Axis Bank’s CSR funding and will include advanced laboratories, incubation centres, collaborative workspaces and shared research infrastructure. The facility will provide support for startups, MSMEs and academic researchers.

BITS Pilani will oversee the governance and research agenda of the park, while Axis Bank will support infrastructure development and ecosystem-building activities.

Mr 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.”

Mr 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.”

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."