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IIT Bombay: On Thursday, the Indian Institute of Technology, Bombay, collaborated with Maruti Suzuki India to drive innovation programmes for startups.

The two parties signed an (MoU) memorandum of understanding with the (SINE) Society for Innovation and Entrepreneurship, IIT Bombay, in order to boost the reach of its innovation programs for startups.

As part of the three-year MoU, (SINE) Society for Innovation and Entrepreneurship will support in outreach and evolution of startups who can be part of Maruti Suzuki’s innovation programs.

Maruti Suzuki and SINE will shortlist startups for some of the complicated business problems determined by the company as part of the initiative.

Maruti Suzuki and IIT Bombay would jointly screen applications and organise workshops with industry experts, mentors, and investors.

Hisashi Takeuchi, Maruti Suzuki India Managing Director & CEO, said our measures to engage startups align with the Prime Minister’s mantra of ‘Sabka Prayas’ to construct India as a global manufacturing hub. Our collaboration with IIT Bombay is a step in this direction.

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

He added as the industry is ready to grow, it brings multiple opportunities for developing startups. We are keen to partner with Maruti Suzuki, and by leveraging our integrated strengths, we are ready to boost startups with innovative solutions to climb to the next level.

News Source: The Indian Express