IIT-H, Japan-based Beyond Next Ventures tie up to boost entrepreneurship

HYDERABAD: Indian Institute of Technology Hyderabad (IIT-H) and Beyond Next Ventures India Pvt Ltd (BNVI), Bangalore, headquartered in Tokyo, Japan entered into a partnership to extend academia and industry cooperation to startups of IIT-H.

"The MoU between IITH and BNVI is an iconic achievement to prove that the Indo-Japan collaboration has entered its next stage. The collaborations between the two countries are broader and more diverse, where startups and their ecosystems are the emerging key factors. I strongly support BNVI's philosophy about Open Innovation to foster social innovation from early-stage technologies in laboratories. Such a philosophy is very important to utilize the academic research outcomes better and more for solving the real-world problems in both countries and even beyond.", said Prof B S Murty, Director, IITH.

Expressing delight in this collaboration, Tsuyoshi Ito, CEO, BNVI, said, "The DNA of BNV in Japan is in nurturing ideas and talent at the high-end research and lab levels and converting them into successful ventures. We have been investing in India for the last two years, and it gives us immense pleasure to begin this new journey with IITH, which has Invention and Innovation as its core ethos. We look forward to partnering with existing initiatives of IITH and supporting them from a Japanese Venture Capital Perspective and bringing some of our best learnings from Japan to contribute further as well as give the students opportunities in the Indo-Japan Open Innovation Corridor."

Emphasizing IITH's Japan Collaboration, Shah Mayur, Head, Business Development, BNVI, said, "Congratulating IITH for their impeccable contribution to the Indo-Japan relationship, Mayur Shah added that it is our unwavering belief that the future of the India-Japan relationship will flourish on collaboration around Open Innovation. We at BNV have strived to rise beyond the traditional VC role and spearheaded the Japanese companies' collaboration with Indian Open Innovation Ecosystem. Our strong conviction on combining IDEAS from India and SCALE of Japan as a recipe for future Indo-Japan Economic Growth. This can be further catalysed by leveraging the new collaboration with IITH."