Monash University, IIT Bombay partner to boost entrepreneurship

The MoU, effective for five years, will cover shared access to infrastructure, joint events, startup mentoring, founder exchanges, and investor engagement.

Dignitaries signing the MoU / X/ SINEIITB

Australia’s Monash University and the Society for Innovation and Entrepreneurship (SINE) at the Indian Institute of Technology Bombay (IITB) have signed a landmark agreement aimed at expanding collaboration in innovation and entrepreneurship between Australia and India.

The memorandum of understanding (MoU) was signed by Craig Jeffrey, deputy vice-chancellor (international) and senior vice-president at Monash University, and Shireesh Kedare, director of IITB. Building on the two institutions’ long-standing partnership, the agreement will focus on driving joint programs to support startups, researchers, and entrepreneurs across both countries.

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Jeffrey highlighted Monash’s track record, noting that the university has supported more than 20 startups annually and raised over $980 million in spinout capital in the past five years. He said the MoU will open new pathways for ventures in deep tech, climate tech, medtech, clean energy, and advanced manufacturing.

Adrian Neild, director of Monash Innovation Labs, said the partnership would combine Monash’s strengths in research commercialisation with IITB’s engineering expertise, creating “a powerful platform for students, researchers, and startups to collaborate and scale globally.”

IITB leaders stressed the importance of the collaboration. Kedare described the MoU as an opportunity to pool entrepreneurial talent, infrastructure, and intellectual property to deliver global impact. “This collaboration will bring together important elements – entrepreneurial talent, intellectual properties, infrastructure support, and program capabilities, from India and Australia to drive innovation and deliver impact at global scale,” Kedare said.

Milind Atrey, deputy director (academic, Research & Translational), noted that SINE has supported around 500 startups, which have collectively raised USD 3.5 billion, and called the partnership an important step in extending SINE’s reach beyond India. “As a leading incubator in the world’s third largest startup ecosystem, SINE is committed to extending its reach beyond India. This association with Monash University is an important step in that direction,” Atrey said.

Both institutions believe the partnership will leverage India’s scale and agility alongside Australia’s R&D depth and global market access to foster sustainable innovation-led growth.

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