IIT Madras to cooperate with 2 Cos for research

IIT Madras (Indian Institute of Technology Madras) will now cooperate with two popular companies for taking up research projects. The two companies the popular educational institution has tied up with are BUDDI Healthcare Technologies and MagGenome.

Sources say, Memorandum-of-Understanding IIT Madras has fostered with BUDDI will aim at taking up research work on Artificial Intelligence-software (AI-software) tools for healthcare.

IIT Madras

Professor V. Kamakoti, Associate Dean (Industrial Consultancy and Sponsored Research), IIT Madras, signed the MoUs with Mr. Ram, Chief Executive Officer, BUDDI Health in the presence of Professor B. Ravindran, Head, Robert Bosch Centre for Data Science and Artificial Intelligence (RBC DSAI).

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Professor Rajesh Nair, Coordinator, TEEDE, IIT Madras and with Dr. C.N. Ramchand, Chief Executive Officer, MagGenome Technologies were also present during the siging of the MoUs.

The pact fostered with MagGenome is for developing magnetic nanoparticles-based products including developing advanced nucleic acid extraction kits.

MagGenome Technologies is a Chennai-based nano-biotechnology start-up that focuses on developing magnetic nanoparticles-based technologies for application in life science, chemical, pharmaceutical and engineering industries.

BUDDI is a US-based cloud-based patent-pending deep learning platform for Healthcare. Sources further say, the two tie-ups were made under a novel concept ‘Towards Excellence in Engineering Dual Education (TEEDE) which is initiated by IIT Madras.

The concept merges the classroom learning with industrial experiences and envisages students spending considerable time employed in Industry as full-time workers, rather than interns, as part of their Curriculum.

This initiative exposes students to real-time developments and the technological needs of the industry.

Speaking about these collaborations, Professor Rajesh Nair this need-based alliance will lead to focussed knowledge sharing and ultimately lead to faster career growth for researchers.

Both MoUs come with fellowships which are at par with remuneration of junior-level engineers. The objective is to enable hiring of students through pre-placement project and is expected to fast track the IIT Madras students’ career growth trajectory.

Both MoUs come with fellowships which are at par with remuneration of junior-level engineers. The objective is to enable hiring of students through pre-placement project and is expected to fast track the IIT Madras students’ career growth trajectory.

The partnership with MagGenome Technologies will also focus on other applications of magnetic nanoparticles in the near future for providing solutions in the areas of diagnostics, therapeutics and environmental remediation.

The Department of Biotechnology at IIT Madras, headed by Professor D. Karunagaran will be in charge of this collaboration which seeks to steer students towards a path of quick career development.

Indian Institute of Technology Madras (IIT-M) was established in 1959 by the Government of India as an institute of national importance.

The activities of the Institute in various fields of Technology and Science are carried out in 16 academic departments and several advanced interdisciplinary Research Academic Centres.

The Institute offers undergraduate and post – graduate programmes leading to the B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D., degrees in a variety of specialisations.

IIT-M is a residential institute with more than 580 faculty and 9,500 students. Students from 18 countries are enrolled here. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell.

IITM has been ranked No.1 in the Overall Institutions category in India Rankings 2019 released by National Institutional Ranking Framework, Ministry of Human Resources Development, Govt. of India.

The Institute has also been ranked No.1 in the Engineering Institutions category in the same Rankings for four consecutive years – 2016, 2017, 2018 and 2019.

It was also adjudged as the ‘Top innovative Institution’ in the country in the Atal Ranking of Institutions on Innovation Achievements (ARIIA) 2019 launched by Innovation Cell of MHRD.