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, backed by a ₹100 crore CSR grant.

The proposed facility will focus on life sciences, biopharma, healthcare and medical devices, with the aim of strengthening industry-academia collaboration, supporting translational research and promoting entrepreneurship.

Spread across around 120,000 sq ft, the research park will house laboratories, incubation spaces and shared facilities for researchers, startups and MSMEs. It will also support technology transfer, intellectual property management and access to BITS Pilani’s academic expertise and talent.

Located in Hyderabad’s life sciences hub near Genome Valley, the park is intended to contribute to the development of cost-effective healthcare solutions and support national initiatives such as Atmanirbhar Bharat and Make in India.

Under the partnership, BITS Pilani will guide the park’s governance and research agenda, while Axis Bank will support infrastructure development.

BITS Pilani Chancellor Kumar Mangalam Birla said the collaboration would help strengthen innovation systems by advancing research, entrepreneurship and talent development.

Axis Bank Managing Director and Chief Executive Officer Amitabh Chaudhry said the partnership reflected a shared commitment to fostering innovation and addressing real-world challenges through knowledge and research.

BITS Pilani Vice-Chancellor V. Ramgopal Rao said the research park would support faculty-led innovation, doctoral research and the translation of research into practical applications.

The MoU was signed at a ceremony in Mumbai attended by representatives from both organisations.

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