"During this process, the Tata team was exposed to more than 70 promising innovations and had the opportunity to interact with leading scientists at TAU," Jamwal said. Stating that the partnership "creates a major opportunity to impact communities across the world", Ramot CEO Shlomo Nimrodi said: "Being a lead investor, Tata will be able to see a pipeline of technologies. They will have an option to commercialise certain promising opportunities from TAU."

Technologies with significant commercial potential will be selected by committees comprising global domain experts and Tata representatives, who will drive the process to translate such innovations into licensing opportunities for industry, Tata Industries said.

Tata Industries promotes Tata group's entry into new and high-technology businesses. It has initiated and promoted several Tata ventures in sectors like control systems, IT, auto components, advanced materials, telecom hardware and services.

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