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Tech Mahindra and UoH-BioNEST, a bio-incubator at the University of Hyderabad have signed a Memorandum of Understanding (MoU) to encourage ventures & ideas in life sciences and biotechnology.
Tech Mahindra will be the technology partner for the start-ups incubating in the UoH-BioNEST centre, and, thereby provide opportunity for joint Go-to-Market with the incubatees.
The IT, Telecom major will also facilitate development of new technology platforms along with the incubatees, fostering the biotech innovation ecosystem in Hyderabad region, said the MoU.
Tech Mahindra has delivered excellence in Healthcare and Life Sciences ecosystem.
“we have a comprehensive understanding of research, innovation in biotechnology space towards bringing the latest technologies to the fore and commercialize the concepts to solutions” affirms Venugopal Kandimalla, Global Head-Healthcare & Life Sciences of the company.
Podile Appa Rao, Vice-Chancellor of UoH says the agreement will bring high-motivation among young entrepreneurs, and hoped for better translational outcomes through the use of information technology and artificial intelligence to the Life Sciences arena.
UoH-BioNEST spans in about 20,000 sft area with the support of the Biotechnology Industry Research Assistance Council under Dept. of Biotechnology. It promotes entrepreneurship in start-ups, students, researchers and faculty in the area of life sciences including biotechnology, pharmaceuticals, healthcare, and allied areas.
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