Bengaluru:Tata Group’s flagship retail brand, Titan has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Madras (IITM) to collaborate on a broad spectrum of initiatives aimed at driving innovation, the company said in a press release.
This partnership aims to leverage technology, research, and education for mutual benefit and societal advancement, the company added.
Under this collaboration, Titan and IITM will engage in bilateral research and consultancy projects facilitated by IITM & Center for Industrial Consultancy and Sponsored Research (IC& SR). Titan will recruit graduates and interns from IITM, facilitated by the Placement Office of IITM.
Additionally, employees and faculty from both organizations will participate in research interaction visits, sabbaticals, and advisory roles, coordinated by the Office of Global Engagement at IITM, the release said.
Titan employees can also enroll in IITM’s degree programmes, such as M. Tech., M.S., and Ph.D. at IITM. Both parties will jointly offer short-term training programmes for IITM students and Titan employees, facilitated by IITM’s Center for Continuing Education.
As part of the engagement, Titan and IITM will also collaborate on CSR activities, with Titan providing grants to support faculty research and student scholarships. Furthermore, Titan will engage with the IIT Madras Research Park and the IITM Incubation Cell to leverage the ecosystem and collaborate with start-ups.
This collaboration, which begun from 8th July 2024, will remain in force for five years, the company said.
Commenting on the collaboration, C K Venkataraman, Managing Director of Titan said, “This MoU with IIT Madras marks a significant step in Titan’s journey towards innovation and excellence. By combining our industry expertise with IITM’s academic prowess, we aim to create a synergy that fosters ground-breaking research and development. This partnership not only aligns with our strategic vision of continuous improvement and technological advancement but also reinforces our commitment to corporate social responsibility. We look forward to a fruitful collaboration that will drive impactful outcomes for both organizations and contribute to the broader community.”