Mumbai, Nov 26 (UNI) The IIT-Bombay-Monash Research Academy -- a joint research academy of IIT-B and Australia's Monash University was inaugurated here today.
The joint research academy, located at the IIT-B campus, will conduct research on energy, water, biotechnology and Stem Cell, infrastructure, Advance Computational Engineering and Nano Technology.
The not-for-profit academy can also be employed to carry out contract research for industry and will give joint accredited PhD degrees from both IIT-B and Monash to students. It will be run by an independent Governing Board and a high-powered Advisory Council- chaired by Infosys chairman Narayana Murthy- comprising of captains of industry and research luminaries, a release said here.
The academy is expected to address future R &D challenges of industry sectors such as petrochemicals, pharmaceuticals, automotive, infrastructure, biotechnology, life sciences, IT and financial markets.
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