BITS Pilani, a renowned institution known for its commitment to innovation has signed an Memorandum Of Understanding (MoU) with the Indian Institute of Technology Bombay (IITB) to collaborate on research, innovation and skill development. The partnership is aimed at leveraging each institution's strengths by conducting joint research at their facilities as well as through third-party collaborations, focusing on the key industry challenges and innovations in technology between the two premier institutions.
This MoU will outline cooperation in facilitating positive scholarly and industrial interaction, as well as knowledge transfer and developing technology according to societal challenges. The aims of collaboration are mainly in the form of a joint research project, consultancy, student internships, faculty exchanges and developing modern technologies.
The collaboration between BITS Pilani and IIT Bombay targets the most important objectives: upgrading knowledge management, further development of technology and upskilling human resources by providing continuous education. The MoU will enable research collaborations; consultancy in industry-focused areas; internships to students and collective applications for funding of research. Both institutes will focus on ecosystem development, which will involve close collaboration between academia and industry by hosting visiting faculty and forming precompetitive consortia for research in emerging technologies.
This collaboration would help enhance India's knowledge economy and such would eventually feed into societal development, industry-ready talent building, and innovation at both national and global levels.