Progress Software, a Nasdaq-listed software company, has signed a memorandum of understanding (MoU) with Indian Institute of Technology (IIT) Hyderabad, to promote innovation and product entrepreneurial skills amongst the students.
Under the MoU, Progress supports academic incubation centres, internship programmes and tech talks, which helps in growing a pool of skilled professionals. The objective is to engage fresh talent and make them industry ready.
"With this relationship with IIT-H, we aim to further promote relevant research projects, research oriented startups in the institute and enhance the innovation ecosystem through talks, lectures on product architectures and Progress technologies and if required, we shall also engage the institute's faculty on a commissioned project," Ramesh Loganathan, Progress Software vice president - products and Hyderabad centre head, stated in a release.
As part of the MoU, Progress will also provide students with a collaborative environment that offers a hands-on experience to develop real-world business solutions with their technology.