The MoU was signed by provost and deputy president of SMU, Prof Rajendra Srivastava and director, IIM-L, Devi Singh.
"Both IIM Lucknow and SMU would closely collaborate for research, executive education programmes and faculty and student exchange programme," Singh told reporters here.
Another important feature of this collaboration would be to explore designing, developing and delivering of joint programmes leading to certifications from both SMU and IIM-L, he said.
"With globalisation comes in the opportunities that have been created in various domains of learning. Research cannot be confined to geographies. In order to innovate new measures of teaching and learning, we today join hands with one of the Asias's leading institution SMU to share our expertise and learn together," he added.