About ASPIRE
Applied Science Park for Innovation Research & Entrepreneurship
ASPIRE, the place where the seeds of innovation are sown, nurtured, and cultivated to fruition.
Established with the mission to connect research with real-world applications, ASPIRE has evolved into a vibrant platform that accelerates innovation, fosters research-driven collaborations, and transforms ideas into tangible impact.
The non-profit entity offers a space where academic brilliance converges with industry expertise. This is the story of ASPIRE, a journey that began with a vision to bridge the worlds of academia and industry, has grown into a thriving ecosystem where ideas are transformed into powerful outcomes.
Formation of Aspire
In 2016, the Ministry of Education entrusted IIT Bombay with a pivotal mission: to establish the Research Park within the sprawling campus in Powai, Mumbai. This led to the creation of ASPIRE – the IIT Bombay Research Park Foundation, a non-profit organisation dedicated to catalysing innovation and research with real-world impact. Inspired by globally successful research park models, ASPIRE emerges as the epicenter, that connects knowledge, expertise, and resources seamlessly, fostering a strong and collaborative industry-academia ecosystem with a global outlook.
What Do We Do At ASPIRE?
Cultivating R&D partnerships which evolve into a thriving innovation hub, advancing technologies with meaningful societal impact. Our industry-centric workspaces facilitate collaborative development, while students gain invaluable corporate research exposure, enriching the nation’s talent pool. It’s a dynamic ecosystem where academia, industry, and students converge to drive innovation and uphold academic excellence.
Indian Institute of Technology Bombay
Driving Innovation Forward
Our team at ASPIRE comprises dedicated individuals driven by a shared passion for innovation and impact. With diverse expertise spanning various domains, we collaborate tirelessly to push the boundaries of possibility and shape a future defined by progress.
Prof. Shireesh Kedare
Director, IIT Bombay
Prof. K V Krishna Rao
Deputy Director (Finance & External Affairs), IIT Bombay
Prof. Sachin Patwardhan
Dean (Research & Development), IIT Bombay
Our
Vision
To be a leading global hub for technology innovation.
Our
Mission
- Fostering academia-industry collaboration for research translation.
- Nurturing world-class talent in emerging technology areas.
- Supporting the development of a vibrant deep tech entrepreneurship ecosystem
Our
Values
Our ethos is built on integrity, excellence, accountability, transparency, and empathy. Intending to foster academia-industry collaboration, we strive for innovation while remaining accountable to stakeholders, operating transparently, and addressing societal needs with compassion.
The Journey So Far
Members’ Day
Industry - Academia Collaboration
ASPIRE had the pleasure of hosting Members’ Day — an occasion dedicated to fostering collaboration, expressing appreciation, and celebrating innovation across our vibrant community.
2025
2024
Inauguration of ASPIRE-IIT Bombay Research Park
Hon’ble Prime Minister Shri Narendra Modi inaugurated the G+14 floor ASPIRE- IIT Bombay Research Park on February 20, 2024. The 5 lakh sq ft facility, with dignitaries present, signifies a pivotal step in promoting innovation and marks a significant milestone in advancing innovation and collaboration between academia and industry.
Indo - French R&D Seminar
The ‘Indo-French R&D Seminar,’ conducted by IIT Bombay Research Park Foundation-ASPIRE, in collaboration with the Indo-French Chamber of Commerce & Industry (IFCCI) and The French Institute in India, was a resounding success.
2023
2022
Conclave on Sustainability
We hosted this with 194 attendees, featuring talks, parallel sessions, and a poster competition. This event was honoured by Chief Guest, Dr M. Ravichandran, Hon’ble Secretary, Ministry of Earth Sciences, Government of India. The panel discussion highlighted the need for sector-specific strategies and local approaches to address Sustainable Development Goals.
Celebrating 5 Years
2021
2020
Launch of Associate Model
Bhoomi Pujan
2018
2017
Client Onboarding
The year 2017 witnessed the inception of enriching interactions with a diverse array of companies across the science and technology sectors. This laid the groundwork for mutually beneficial partnerships, fostering a culture of knowledge exchange and collaboration.
Incorporation of IIT Bombay Research Park Foundation
2016
2015
