Xerox‘s PARC subsidiary and Zinnov have entered into a memorandum of understanding to develop new technology and offer disruptive innovation expertise to businesses in India.
PARC seeks to combine its research-and-development platforms with Zinnov's consulting and research services as part of the alliance, Xerox said Wednesday.
“Our partnership joins Zinnov's knowledge, talent and understanding of specific markets with PARC's deep technology innovation expertise,“ said Stephen Hoover, PARC CEO.
“We're excited to work together to help Indian companies innovate disruptive technologies for digital manufacturing, smart infrastructure, data analytics, and security for various markets including industrial manufacturing, energy, transportation and financial services,“ Hoover added.
PARC and Zinnov also aim to create fresh technologies within Silicon Valley's R&D environment.