Indian Institute of Technology Hyderabad (IITH) and Beyond Next Ventures India Pvt Ltd (BNVI), Bangalore, headquartered in Tokyo, Japan, to expand academia-industry collaboration. Japan Connect is a particular strength of IITH, and Innovation & Entrepreneurship is IITH’s core competency with over 200 patents and over 100 startups on campus. Investing in innovation has led to the development of many pioneering technologies. This collaboration between IITH and BNVI will usher in a new wave of innovation at IITH by investing and mentoring entrepreneurial ideas emerging from IITH’s start-up community to boldly move from ideas to markets.
“The Memorandum of Understanding between IITH and BNVI is an iconic achievement that proves that Indo-Japan cooperation has moved to the next phase. The collaborations between the two countries are broader and more diverse, with startups and their ecosystems being the key drivers emerging. I strongly support the BNVI philosophy on open innovation to drive social innovation from early technologies into labs. Such a philosophy is very important in order to better and more use the results of academic research to solve the real problems in both countries and even beyond,” said Prof. BS Murty, Director, IITH.
“IIT Hyderabad has a strong and broad startup ecosystem including multiple incubators, entrepreneurship curricula and student organizations. The cooperation with BNVI will further increase the momentum of the startup ecosystem. Development and networking of human resources are also important aspects for maintaining open innovation. IIT Hyderabad students will have more exposure to entrepreneurship professionals from and through BNVI. I hope that our students will receive a positive stimulus and become more proactive in creating a startup that leverages learning and R&D at the institute,” said dr Kotaro Kataoka, Associate Faculty, IITH.
expressing pleasure in this cooperation, Tsuyoshi Ito, CEO, BNVI, said: “The DNA of BNV in Japan is to nurture ideas and talents at high-end research and laboratory levels and transform them into successful ventures. We have invested in India for the past two years and we are very excited to begin this new journey with IITH, whose core ethos is invention and innovation. We look forward to collaborating with existing IITH initiatives and supporting them from a Japanese venture capital perspective and bringing some of our best insights from Japan to further contribute and provide opportunities for students in the Indo-Japan Open Innovation Corridor.”
Emphasizing the Japan Collaboration of IITH, pHah Mayur, Head, Business Development, BNVI, said: “We congratulate IITH on its impeccable contribution to Indo-Japan relations, adding that Mayur Shah firmly believes that the future of Indo-Japan relations will flourish through collaboration around open innovation. At BNV, we have strived to move beyond the traditional VC role and have spearheaded the Japanese companies’ collaboration with the Indian Open Innovation Ecosystem. Our strong belief in combining IDEAS from India and SCALE of Japan as a recipe for future Indo-Japan economic growth. This can be further accelerated by leveraging the new collaboration with IITH.”
About Beyond Next Ventures India (BNVI)
Going beyond the limits of tomorrow. Beyond Next Ventures believes in the potential of Japanese science and technology. Our core mission is to expand and harness the potential of motivated entrepreneurs with disruptive technology and commercialize their ideas to help build a better future and society. We focus on fostering an environment that encourages maximum productivity and growth for entrepreneurs, and provide professional support to support the commercialization and development of new industries and talent.
To learn more, please visit: https://beyondnextventures.com/
Indian Technological Institute Hyderabad (IITH) is one of the eight new IITs established by the Indian government in 2008. In a short period of 14 years, the institute has developed into a leading institute. It currently has more than 284 full-time faculty, approximately 3,800 students, nearly 200+ state-of-the-art laboratories, and five research and entrepreneurship centers. The institute has a strong research focus with approximately Rs 535+ crore in approved research funding, with PhD students accounting for approximately 30% of the total student body. IITH has 7,500+ research publications with 93,500+ citations, 165 published patents, 1,700+ sponsored/consulting projects to date with 500+ ongoing projects and about 100+ startups.
To learn more please visit: https://www.iith.ac.in/