Indian Institute of Technology Madras (IITM) and Titan Company Ltd. sign MoU to Drive Innovation and Social Impact

Titan Company Limited and Indian Institute of Technology Madras (IITM) have signed a Memorandum of Understanding (MoU) to collaborate on a broad spectrum of initiatives intended to driving innovation and creating significant social impact. This collaboration focuses to leverage technology, research, and education aiming on mutual benefit and societal advancement.

Titan and IITM will engage in bilateral research and consultancy projects facilitated by IITM’s Center for Industrial Consultancy and Sponsored Research (IC&SR). Titan will recruit graduates and interns from IITM, facilitated by the Placement Office of IITM. 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.

Titan and IITM will collaborate on CSR activities, with Titan providing grants to support faculty research and student scholarships, coordinated by IITM’s Office of Alumni and Corporate Relations. Moreover, Titan employees can enroll in IITM’s degree programs, such as M. Tech., M.S., and Ph.D., facilitated by the Office of Dean (Academic Research) at IITM. Both parties will jointly offer short-term training programs for IITM students and Titan employees, facilitated by IITM’s Center for Continuing Education. Titan will engage with the IIT Madras Research Park and the IITM Incubation Cell to leverage the ecosystem and collaborate with start-ups.

This MoU, effective from 08th July 2024, will remain in force for five years, serving as a strategic framework to explore and execute mutually beneficial projects, research, and training initiatives.

This MoU makes way for a series of initiatives that will come and benefit the involved parties, also inspire future collaborations in the industry. This new industry-academia partnership by the collaboration between Titan and IITM is with a clear roadmap and defined engagement. Both entities are dedicated to achieve excellence in research, education, and social impact.

C K Venkataraman, Managing Director, Titan Company Limited., 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”.