Infosys part funds net research

Aus $800,000 investment

Smart Internet Technology Cooperative Research Centre (Smart Internet), has announced an agreement with Infosys Technologies Limited for joint efforts in research and development.

Infosys is investing up to Australian $800,000 in Australian research and development over the next four years.

Smart Internet was established in June 2001 as an incorporated joint venture between industry, leading universities and the Commonwealth and state governments.

Its purpose is to develop new technologies in the Smart Internet arena, carrying out world-class research into disruptive Internet technologies that have global commercial opportunity.

The association with Infosys is expected to provide significant assistance to Smart Internet for the development, commercialisation and export of Australian IP. On the other hand, Infosys will get an opportunity to explore ways of generating market-driving intellectual property and augment its competitive positioning.

According to Bob Carr, premier of New South Wales, "The agreement reflects the type of cooperation between the Indian software industry and Australian high-end research where the greatest opportunities for mutual benefit lie."

The collaboration is expected to provide commercial benefits to the commonwealth government and state governments in the form of new employment and revenue opportunities.