This agreement allows VT India to lease 7,000 square feet of research and 3,000 square feet of office/conference space at highly subsidized rates, with a provision to lease up to an additional 20,000 square feet space.
The agreement also calls for Dr. MGR-DU to make available, on a non-exclusive basis, classroom space with global video-conferencing capabilities for VT to offer non-credit executive/professional courses. The agreement also stipulates that Dr. MGR-DU will outfit the laboratory space with research equipment to kick-start the research program in a few selected areas. In return, VTIREF will provide research internship opportunities for Dr. MGR-DU students, and explore mutually agreed upon and beneficial collaborative research, where possible.