Dhamra Port and IIT Bhubaneswar forge collaboration to foster innovation and entrepreneurship

Bhubaneswar: IIT Bhubaneswar Research and Entrepreneurship Park and The Dhamra Port Co. Ltd. (DPCL) are pleased to announce the signing of a Memorandum of Understanding (MOU) aimed at bolstering collaboration in research, training & capacity building, and entrepreneurship.

The MOU, signed on February 11th, 2024 during the inauguration of 100 Cube Start-up Initiative of IIT Bhubaneswar Research and Entrepreneurship Park at IIT Bhubaneswar. This strategic partnership seeks to leverage the respective strengths and expertise of both organizations to drive innovation and foster entrepreneurial endeavours.

Under the agreement, both parties express their commitment to engaging in joint research initiatives, training programs, and support for the start-up ecosystem. The collaboration will encompass a wide range of projects aimed at advancing technology transfer, fostering innovation, and nurturing entrepreneurship within the industry.

Dr. Debi Prosad Dogra, Independent Director, IIT Bhubaneswar Research and Entrepreneurship Park, expressed enthusiasm about the collaboration, stating, “We are excited to join forces with DPCL to cultivate a culture of innovation and entrepreneurship. By combining our resources and expertise, we aim to accelerate the pace of technological advancement and drive sustainable growth in the industry.”

Mr. Devendra Thakar, CEO of DPCL, echoed this sentiment, emphasizing the potential of the partnership to drive positive change. “This collaboration underscores our commitment to fostering innovation and supporting the development of start-ups and entrepreneurs. Together with FIRST, we are confident in our ability to create meaningful impact and drive the industry forward.”

The MOU, effective immediately upon signing, will remain in effect for a duration of five years. 

The signing of this MOU marks a significant milestone in the journey towards fostering innovation, research, and entrepreneurship. By leveraging synergies and pooling resources, IIT Bhubaneswar and DPCL are poised to drive meaningful impact and shape the future of the industry.