IIT Kanpur and NMexus forge global innovation pact: $400M impact, 1,500 jobs ahead

The Indian Institute of Technology Kanpur (IIT Kanpur) has entered a strategic partnership with NMexus, a New Mexico-based non-profit Special Purpose Vehicle, to foster global innovation across multiple high-tech sectors.

The collaboration focuses on clean and sustainable energy, aerospace, artificial intelligence (AI), cybersecurity, quantum computing, robotics, and advanced manufacturing. NMexus will leverage its Centre in the Mesa del Sol innovation district to support up to 40 companies annually.

"This partnership with NMexus 22 reflects IIT Kanpur 27s continued commitment to expanding international collaborations that support high-impact research and innovation," said Manindra Agrawal, Director of IIT Kanpur.

The initiative is projected to generate approximately 1,500 jobs and contribute over USD 400 million to the New Mexico economy within the next five years.

"This partnership between NMexus and IIT-Kanpur lays the foundation for global collaboration in science, technology, and economic development," stated Amar Vakil, Executive Director of the NMexus Centre.

This pact exemplifies a significant step toward bilateral cooperation, combining IIT Kanpur's research excellence with NMexus's innovation ecosystem to drive economic growth and technological advancement on a global scale.

IIT Kanpur and New Mexico-based NMexus have signed a global innovation pact focusing on clean energy, AI, aerospace, and more. The partnership aims to generate $400 million and create 1,500 jobs in New Mexico over five years, supporting up to 40 companies annually through NMexus's innovation center.