BITS Pilani, Axis Bank in MoU to set up Rs 100 crore research & innovation park in Hyderabad

Hyderabad: Axis Bank and BITS Pilani have signed an MoU to set up a ₹100 crore industry research, technology and innovation park at BITS Pilani’s Hyderabad campus, with an eye on strengthening India’s lab-to-market pipeline for deep-tech and healthcare innovation.To be funded through Axis Bank’s CSR grant, the proposed 120,000 sq ft facility will house laboratories, incubation spaces and shared infrastructure for academia, start-ups and MSMEs.The park, which will be set up near the Genome Valley life sciences cluster in Hyderabad, will focus on life sciences, biopharma, healthcare and medical devices, supporting translational research, technology transfer and intellectual property management.BITS Pilani will look after the research park’s governance and the research agenda, while Axis Bank will support infrastructure development of the park that is expected to support affordable healthcare solutions and domestic capability building under the Atmanirbhar Bharat and Make in India initiatives.Kumar Mangalam Birla, Chancellor of BITS Pilani, said the partnership would deepen research and entrepreneurship while contributing to societal solutions.

Axis Bank MD and CEO Amitabh Chaudhry said the collaboration reflected the bank’s commitment to ecosystems that address real-world challenges.BITS Pilani Vice-Chancellor V Ramgopal Rao said the park would enable faculty-led innovation and doctoral research. The MoU was signed in Mumbai.