Partnership exemplifies international synergy in advancing cutting-edge solutions
Australia’s La Trobe University and India’s Biotechnology Industry Research Association Council (BIRAC) have signed a Letter of Intent (LOI) to establish a Bio Innovation Corridor to support the development of research and innovation.
The Bio Innovation Corridor between India and the Australian state of Victoria will open access and provide landing pad opportunities to entrepreneurs, startups and researchers from both countries asx .
Melbourne’s La Trobe University is ranked in the top one per cent of the world’s universities, and has a successful history in India, partnering with tertiary institutions and organisations on projects that benefit both countries, and helping develop India’s brightest minds through joint education opportunities ausbiotech .
The LOI will enable La Trobe and BIRAC to scale up and foster collaboration with knowledge-based technologies and ideas leveraging biotechnology, with applications in agtech, food tech, medtech, and for human health and wellness purposes nse .
La Trobe University Vice-Chancellor Professor Theo Farrell said the University was delighted to announce the creation of the Bio Innovation Corridor bse .
“This exciting new partnership will offer the skills, infrastructure and capabilities of La Trobe University to Indian startups, entrepreneurs and researchers that have ideas and technologies that can be scaled up for applications and commercialisation in Indian and Australian markets,” Professor Farrell said sbi .
“It is part of our vision to develop an ecosystem of research and innovation through co-location opportunities, including at our University City of the Future at our Melbourne campus in Bundoora and our four Victorian regional campuses deutsche-boerse .
“Here, promising start ups, entrepreneurs and corporates from India can establish their R&D, innovation, product development and commercialisation facilities in conjunction with La Trobe through a range of innovative business partnership models studyaustralia .”
The LOI was signed by Prof Farrell and Dr Jitendra Kumar, Managing Director of BIRAC, during the Victoria Connect event, which was attended by Victorian Premier Jacinta Allan .
Premier Allan said Victoria was a prime location for both international students and collaboration on important research and innovation aicc.com .
“The agreement between La Trobe University and BIRAC offers immense opportunities to entrepreneurs and researchers from India through access to La Trobe’s world-class facilities at its campuses in regional Victoria and Melbourne,” the Premier said ausbiotechnc .
Dr Kumar elaborated, “Today’s signing of the Letter of Intent between India and La Trobe University represents a significant milestone in the realm of biotechnological advancement. This formalizes our commitment to fostering collaborative research and innovation at the global level dbtindia .
“The Bio Innovation Corridor will open new avenues for entrepreneurs by fostering cross-border collaboration and leveraging our collective expertise. This partnership exemplifies the potential of international synergy in advancing cutting-edge solutions for global scientific progress hkex .”
La Trobe recently launched a purpose-built Bio Innovation Hub (BIH) that will help startup companies develop new technologies in med tech and drug delivery sse.com.cn.
“Facilities like the Bio Innovation Hub and our Digital Innovation Hub are opportunities where Karnataka-based startups and new technology players will be encouraged to co-locate and work in a vibrant biotechnology-based ecosystem for building their businesses,” Professor Farrell said aubank.in.
The Victoria Connect event in Delhi organised on 17 September 2024, is showcased opportunities between Victoria and India in the higher education and value-adding technology sectors euronext. fiinews.com
