Hyderabad, November 1st, 2018:
Tech Mahindra Pvt. Ltd. a leading provider of digital transformation, consulting, and business reengineering services and solutions in Life Sciences and allied areas signed MoU with the UoH-BioNEST (Bio-incubator Nurturing Entrepreneurship for Scaling Technologies), a bio-incubator at the University of Hyderabad (UoH). The meeting was conducted in presence of the Prof. Podile Appa Rao, Vice Chancellor, University of Hyderabad, Prof. Gandham Prasad, Director, TIE-U, Prof. Pallu Reddanna, Project investigator, UoH-BioNEST, Mr. Kandimalla Venugopal, Global Head Healthcare and Life Sciences, Tech Mahindra, Dr. Palakodeti, Ratnakar, Head Life sciences and Healthcare, Tech Mahindra, and other dignitaries.
Prof. Podile Appa Rao, considers this memorandum of understanding between UoH-BioNEST and Tech Mahindra will bring high-motivation among young entrepreneurs, and hoped for better translational outcomes through the culmination of information technology and artificial intelligence to the Life Sciences arena.
“UoH-BioNEST is unique in having located within the School of Life Sciences, one of the largest in the country with 65 faculty members, 400 Ph.D scholars and post docs and 350 Masters students, engaged in teaching, research and extension activities in divergent areas of life sciences”, says Prof. P Reddanna, Principal Investigator, UoH-BioNEST.
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. As a technology partner of UoH-BioNEST, Tech Mahindra shall assist in providing all the technology support for the incubates within the center. Dr. P Ratnakar, Head- Life sciences explains that this perfect blend of Scientific Research and Technology stimulates the growth of the new process and products for the Global Pharmaceutical and Biotech markets. This partnership will strengthen the new innovations required for the Life Sciences ecosystem.
Tech Mahindra will be the Technology Partner for the start-ups incubating in the UoH-BioNEST centre, and, thereby provides opportunity for joint Go-to-Market with the incubatees. It also allows development of new technology platforms along with the incubatees at the UoH-BioNEST, fostering the biotech innovation ecosystem in Hyderabad region.
UoH-BioNEST at University of Hyderabad is a bio-incubator set-up spanning in about 20,000 SFT area with the support of the Biotechnology Industry Research Assistance Council (BIRAC), a Government of India Enterprise under Dept. of Biotechnology. UoH-BioNEST is an institutional activity promoting entrepreneurship in start-ups, students, researchers and faculty in the area of life sciences including biotechnology, pharmaceuticals, healthcare, and allied areas.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. It is a USD 4.9 billion company with 118,390+ professionals across 90 countries, helping over 930 global customers including Fortune 500 companies. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018). It is part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries.