Bhubaneswar: Tata Steel has signed a Memorandum of Understanding (MOU) with IIT-Bhubaneswar Research and Entrepreneurship Park (IIT-Bhubaneswar REP) to foster innovation, research, and entrepreneurship in projects of mutual interest.
IIT-Bhubaneswar REP is a company promoted by IIT Bhubaneswar.
According to a release, the MoU was exchanged between CEO & MD, Tata Steel, T V Narendran and Director, IIT Bhubaneswar & Chairman REP, Shreepad Karmalkar, during the 100-Cube Start-up Conclave at IIT Bhubaneswar on February 11 in the presence of Union Minister for Education and Skill Development and Entrepreneurship Dharmendra Pradhan.
They have joined hands to explore collaboration in different areas including materials processing and modelling, energy and environment, and low carbon steel production and circular economy. “The MoU strengthens our partnership with IIT Bhubaneswar, as we work together to co-create solutions for sustainable steel making and advanced materials,” Narendran said.
He further said that Tata Steel recognises the huge potential of Indian startups led by the youth. “Backed by the government, our academic and research institutes are the cradle of innovative ideas. Collaboration with industry catalyses the process of transforming those ideas into scalable applications. The 100-Cube initiative is a commendable step by the government to promote Odisha’s entrepreneurial spirit and build a stronger India through technology and innovation.” he added.
Tata Steel’s collaboration with IIT Bhubaneswar REP will also include joint research initiatives, technology transfer, and support for the startup ecosystem. Tata Steel has earlier collaborated with the institute on battery research, the release added.
