Axis Bank has signed a Memorandum of Understanding (MoU) with BITS Pilani to establish the Axis Bank–BITS Industry Research, Technology & Innovation Park at the institute’s Hyderabad campus. Supported by a ₹100 crore CSR grant from the Bank, the initiative aims to strengthen industry-academia collaboration and accelerate innovation-led research and entrepreneurship in India.
The proposed research park will focus on life sciences, biopharma, healthcare, medical devices and deep-tech innovation. Located in Hyderabad, a key hub for the country’s life sciences industry and home to Genome Valley, the facility is expected to support the development of affordable healthcare solutions while advancing translational research and technology commercialisation.
Spread across nearly 120,000 sq. ft., the research park will house advanced laboratories, incubation centres and shared innovation facilities. It will bring together researchers, startups, MSMEs and industry partners to collaborate on product development, technology transfer and intellectual property creation. The platform will also provide innovators with access to BITS Pilani’s research expertise, faculty and talent pool.
Under the collaboration, BITS Pilani will lead the governance and research agenda of the park, while Axis Bank will support infrastructure development through its CSR initiative.
Commenting on the partnership, Kumar Mangalam Birla, Chancellor, BITS Pilani, said, “This collaboration reflects the kind of partnership required to build a stronger innovation ecosystem in India. The Research Park will help advance cutting-edge research, foster entrepreneurship and create solutions that can deliver meaningful societal impact.”
Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank, said, “We believe sustainable progress is driven by the convergence of knowledge, innovation and purpose. This partnership with BITS Pilani reflects our commitment to supporting institutions and ecosystems that address real-world challenges while creating long-term value for society.”
Prof. V. Ramgopal Rao, Vice-Chancellor, BITS Pilani, added, “The Research Park will create an interdisciplinary ecosystem that supports research, innovation and industry engagement, while helping translate ideas into scalable solutions with real-world impact.”
The partnership is expected to serve as a catalyst for innovation, entrepreneurship and technology-led growth, while strengthening India’s research and development ecosystem.
