University of Helsinki partners with Indian IT firm
Helsinki : The University of Helsinki has partnered with Tooltech, an Indian IT firm, to jointly establish a new bioinformatics services company.
The new company, Systems Biology Worldwide Oy, will be based in the Indian IT city of Bangalore, and will analyse complicated data, mainly produced in biosciences.
It will combine Finnish bioscientific competence with Indian IT skills and pharmaceutical companies will be among the main clients, according to information posted on the university website.
"We will process Finnish bioscientific information with lower costs in India and sell it globally," said Atul Khanna, CEO of Tooltech, the Pune-based IT firm.
According to Ilkka Hyvarinen, finance director of the university, staff of the new company will comprise a few dozen people in India and about a dozen in Helsinki.
In the near future the university plans to invite Indian IT experts and start student exchange programmes in its biosciences departments and research teams as well.
Founded in 1640, the University of Helsinki is the oldest and largest university in Finland with a wide range of disciplines available. Around 38,000 students, including 5,500 post-graduate students, are currently enrolled in the degree programmes of the university.
The university is a member of the League of European Research Universities and places heavy emphasis on high-quality research.