IIT-Madras partners with private firms for research – Times of India

Chennai News

CHENNAI: Indian Institute of Technology – Madras is collaborating with two companies to conduct research in artificial Intelligence and magnetic nanoparticles-based products.
MoUs were signed for the collaboration on Monday.
The institute has joined hands with Chennai-based nano-biotechnology startup MagGenome Technologies to develop magnetic nanoparticles-based products including developing advanced nucleic acid extraction kits. They will also work on other applications of magnetic nanoparticles in the near future for providing solutions in areas of diagnostics, therapeutics and environmental remediation.
The collaboration with US-based BUDDI Healthcare Technologies is to develop artificial intelligence-based software products for the healthcare industry.
MagGenome Technologies develops magnetic nanoparticles-based technologies for application in life science, chemical, pharmaceutical and engineering industries. BUDDI Health is a cloud-based patent-pending deep learning platform for healthcare.
Both these collaborations were facilitated under a novel concept called ‘Towards Excellence in Engineering Dual Education’ (TEEDE) initiated by IIT-Madras. The initiative will expose students to real-time developments and the technological needs of the industry.
Rajesh Nair, coordinator, TEEDE, IIT-Madras, said, “This need-based alliance will lead to focussed knowledge sharing and ultimately lead to faster career growth for researchers.”
Both MoUs come with fellowships for students which are on a par with remuneration of junior-level engineers.

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Source: https://timesofindia.indiatimes.com/city/chennai/iit-madras-partners-with-private-firms-for-research/articleshow/74899110.cms