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New Indian Express
2 days ago
- Business
- New Indian Express
Andhra government signs MoU with Cyient, AICTE to strengthen innovation
VIJAYAWADA: The State government has signed a Memorandum of Understanding (MoU) with Cyient Foundation and the All India Council for Technical Education (AICTE) to strengthen Andhra Pradesh's innovation and startup ecosystem. The agreement was formalised in the presence of HRD and IT Minister Nara Lokesh at his residence in Undavalli, marking a crucial move to empower youth with entrepreneurial skills, and drive institutional innovation across the State. The MoU outlines the establishment of urban innovation clusters, with the first cluster being launched in Visakhapatnam. These clusters will help educational institutions evolve into hubs of entrepreneurship, innovation and intellectual property creation. Under this initiative, specialised centres such as i-CARE (Innovation Creation and Research for Entrepreneurship), i-CAFE (Idea Creation and Auxiliary Facilities for Entrepreneurship), and IPR-TT (Intellectual Property Rights and Technology Transfer) cells will be set up in colleges and universities. Lokesh asserted the government's commitment to nurturing innovation and job creation through structured partnerships. 'We are building an innovation-first economy to empower our youth,' he said. The initiative will be implemented through boot camps, hackathons, innovation fairs, entrepreneurship competitions, and mentorship programmes with industry experts.
Time of India
3 days ago
- Business
- Time of India
Andhra govt signs pact to boost startup ecosystem, entrepreneurial skills
The Andhra Pradesh government signed an agreement with Cyient Foundation and AICTE to boost entrepreneurship and innovation. The initiative will launch innovation clusters, starting in Visakhapatnam, and establish support centers, IPR cells, and mentorship programs to bridge industry-academia gaps and foster a startup ecosystem statewide. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Andhra Pradesh government on Wednesday signed an agreement with Cyient Foundation and All India Council for Technical Education (AICTE) to enhance entrepreneurial and innovation tripartite agreement, signed in the presence of Information Technology (IT) Minister Nara Lokesh at his Undavalli residence, includes participation from Andhra Pradesh State Skill Development Corporation (APSSDC), Cyient Foundation, and AICTE representatives."Innovation clusters will be launched, starting with Visakhapatnam, to promote startup culture, entrepreneurial thinking, and intellectual property generation in academic institutions," said a initiative focuses on bridging industry-academia gaps and strengthening partnerships among institutions, investors, and startups to establish a thriving innovation-driven ecosystem across the Innovation Creation and Research for Entrepreneurship (i-CARE) and Idea Creation and Auxiliary Facilities for Entrepreneurship (i-CAFE) centres will be launched to support entrepreneurship, research, and idea incubation for students, faculty, and startup aspirants statewide, the release Property Rights (IPR) and Technology Transfer cells will be set up in engineering colleges, especially around Visakhapatnam, to enable commercialisation of academic innovations and technical solutions. The initiative also includes boot camps, hackathons, conclaves, and mentorships to nurture creativity and enterprise among young innovators and educators in higher will act as the nodal agency coordinating implementation, integrating efforts from state departments, institutions, and private partners to achieve scalable, impactful innovation outcomes, the release added.
