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Maruti Suzuki joins hands with IIT Bombay to drive innovation programmes

The auto major said it has inked a memorandum of understanding (MoU) with Society for Innovation & Entrepreneurship (SINE), IIT Bombay to expand the reach of its innovation programs for startups

Topics
Maruti Suzuki | IIT Bombay | Startups

Press Trust of India  |  New Delhi 



Maruti Suzuki

India on Thursday said it has partnered with Indian Institute of Technology, Bombay to drive innovation programmes for .

The auto major said it has inked a memorandum of understanding (MoU) with Society for Innovation & Entrepreneurship (SINE), to expand the reach of its innovation programs for .

As part of the three-year MoU, SINE will support in outreach and incubation of potential who can be part of Maruti Suzuki's innovation programs, it added.

As part of the initiative, and SINE will jointly shortlist startups for some of the complex business problems identified by the company.

They will together screen applications, organise workshops with mentors, industry experts and investors.

"Our efforts to engage startups aligns with Prime Minister's mantra of 'Sabka Prayas' to make India a global manufacturing hub. Our tie-up with is an effort in this direction," India Managing Director & CEO Hisashi Takeuchi noted.

SINE CEO Poyni Bhatt noted that 40 years ago, Maruti Suzuki started its journey with one car, the Maruti 800 and today, it has changed the landscape of the automotive industry.

"As the industry is set to further grow, it brings many opportunities for budding startups. We are excited to partner with Maruti Suzuki and by leveraging our combined strengths, we are set to enable startups with innovative solutions to scale to the next level," she added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Thu, November 17 2022. 12:40 IST

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