IISc, Honeywell to build startups
Tech major Honeywell on Tuesday announced that it has partnered with the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc) to support deep science startups with societal impact.
The tech major said in a statement that its partnership with SID opens up opportunities to support startup ventures working on science and technology projects not related to the company’s core areas of work, but intended to address large, societal problems.
“Honeywell’s corporate social responsibility CSR ) contribution will also target needs relating to covid-19, including building a new class of eco-friendly specialty fluorescent dyes and a rapid point-of-care diagnostics test for use in low resource settings,” the statement explained.
statement Honeywell funds have been deployed to support six startups in association with IISc to begin with. Most of these startups are working in the field of the healthcare, primarily tackling cancer and covid -19.