IIT Madras and IITM Global signed seven commercial and two institutional MoUs with international partners, mainly in France, at Bharat Innovates 2026 in Nice, aiming to unlock nearly $100 million in value. The deals connect Indian deep-tech startups to global markets and investment, while also showcasing innovations in AI, 5G/6G, Hyperloop, and other advanced technologies.
New Delhi: The Indian Institute of Technology Madras (IIT Madras) and IITM Global exchanged seven commercial memoranda of understanding and two institutional MoUs on the first day of Bharat Innovates 2026 in Nice, France, that are expected to unlock nearly $100 million in value creation, a statement said on Tuesday.
Seven commercial MOUs link Indian deep‑tech startups with international partners, predominantly from France, while the two institutional pacts aim to accelerate global market access, investment, and innovation, the statement from IIT Madras said.
“Bharat Innovates 2026 has proven to be a watershed moment for Indian deep tech. The MOUs exchanged are not just ceremonial - they are commercial, actionable, and backed by serious financial commitments. The premier higher educational institutions of Bharat have demonstrated that Indian innovation is ready to lead on the world stage,” said Prof. V. Kamakoti, Director, IIT Madras.
Prof. Manu Santhanam, Dean (Industrial Consultancy and Sponsored Research), IIT Madras, said the collaborations mark the translation of scientific excellence into cross-border economic value.
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