+
Cyient, AICTE to Launch Innovation Cluster in Vizag
ECONOMY & POLICY

Cyient, AICTE to Launch Innovation Cluster in Vizag

Cyient Foundation, the CSR arm of Cyient Ltd., has entered into a strategic partnership with the All India Council for Technical Education (AICTE) to establish a city-level innovation cluster in Visakhapatnam, Andhra Pradesh. The Memorandum of Understanding (MoU) was signed in the presence of Shri Nara Lokesh, Honourable Minister for Human Resources Development, IT, Electronics and Communication.

The initiative seeks to transform higher education institutions into dynamic centres of innovation, entrepreneurship, and intellectual property creation. This pilot programme will serve as a model for similar clusters nationwide and is part of a broader effort to empower regional ecosystems.

The partnership will implement a structured innovation model, introducing iCARE (Innovation Creation and Research for Entrepreneurship) centres, iCAFE (Idea Creation and Auxiliary Facilities for Entrepreneurship) centres, and IPR-TT (Intellectual Property Rights and Technology Transfer) cells across select mentor and mentee institutions in and around Visakhapatnam.

Dr B.V.R. Mohan Reddy, Founder Chairman of Cyient and Chief Patron of Cyient Foundation, commented, “This collaboration with AICTE is a key step in making India a global innovation leader. By promoting entrepreneurship and supporting institutional development, we are fostering a self-sustaining ecosystem of innovation, IP creation, and industry-academia engagement.”

In addition to the innovation infrastructure, the programme will feature boot camps, innovation fairs, hackathons, and mentoring initiatives. These will aim to equip students and faculty with practical skills and resources to support real-world innovation and start-up growth.

Dr Abhay Jere, Vice Chairman of AICTE, said, “This partnership exemplifies the type of industry-academia collaboration that can transform India’s innovation economy. The cluster in Visakhapatnam will serve as a blueprint for future regional innovation hubs.”

The initiative aligns with the Government of India’s vision of Atma Nirbhar Bharat, focusing on innovation-driven regional empowerment. Andhra Pradesh currently has over 1,137 Institution’s Innovation Councils (IICs) established across technical and non-technical institutions, with major hubs in Visakhapatnam, Vijayawada, Guntur, Tirupati, Kakinada, Nellore, and Anantapur.

The three-year roadmap for the cluster will be supported through CSR grants and infrastructure development provided by Cyient Foundation. The effort is closely integrated with national initiatives such as the Smart India Hackathon and the Innovation Cell of the Ministry of Education, which have been pivotal in shaping a culture of innovation across more than 15,700 higher education institutions in India.

Cyient Foundation, the CSR arm of Cyient Ltd., has entered into a strategic partnership with the All India Council for Technical Education (AICTE) to establish a city-level innovation cluster in Visakhapatnam, Andhra Pradesh. The Memorandum of Understanding (MoU) was signed in the presence of Shri Nara Lokesh, Honourable Minister for Human Resources Development, IT, Electronics and Communication.The initiative seeks to transform higher education institutions into dynamic centres of innovation, entrepreneurship, and intellectual property creation. This pilot programme will serve as a model for similar clusters nationwide and is part of a broader effort to empower regional ecosystems.The partnership will implement a structured innovation model, introducing iCARE (Innovation Creation and Research for Entrepreneurship) centres, iCAFE (Idea Creation and Auxiliary Facilities for Entrepreneurship) centres, and IPR-TT (Intellectual Property Rights and Technology Transfer) cells across select mentor and mentee institutions in and around Visakhapatnam.Dr B.V.R. Mohan Reddy, Founder Chairman of Cyient and Chief Patron of Cyient Foundation, commented, “This collaboration with AICTE is a key step in making India a global innovation leader. By promoting entrepreneurship and supporting institutional development, we are fostering a self-sustaining ecosystem of innovation, IP creation, and industry-academia engagement.”In addition to the innovation infrastructure, the programme will feature boot camps, innovation fairs, hackathons, and mentoring initiatives. These will aim to equip students and faculty with practical skills and resources to support real-world innovation and start-up growth.Dr Abhay Jere, Vice Chairman of AICTE, said, “This partnership exemplifies the type of industry-academia collaboration that can transform India’s innovation economy. The cluster in Visakhapatnam will serve as a blueprint for future regional innovation hubs.”The initiative aligns with the Government of India’s vision of Atma Nirbhar Bharat, focusing on innovation-driven regional empowerment. Andhra Pradesh currently has over 1,137 Institution’s Innovation Councils (IICs) established across technical and non-technical institutions, with major hubs in Visakhapatnam, Vijayawada, Guntur, Tirupati, Kakinada, Nellore, and Anantapur.The three-year roadmap for the cluster will be supported through CSR grants and infrastructure development provided by Cyient Foundation. The effort is closely integrated with national initiatives such as the Smart India Hackathon and the Innovation Cell of the Ministry of Education, which have been pivotal in shaping a culture of innovation across more than 15,700 higher education institutions in India.

Next Story
Infrastructure Energy

CRISIL Rates Rs 2,086 Cr ACME Projects 'AA-/Stable'

CRISIL Ratings has assigned a 'CRISIL AA-/Stable' rating to the long-term bank facilities worth Rs 2.08 billion of ACME Deohar Solar Power (ADSPPL) and ACME Phalodi Solar Power (APSPPL). Both entities are wholly owned subsidiaries of ACME Solar Holdings (ASHL), and the rating pertains to their renewable energy projects in Rajasthan with a combined capacity of 600 MW. The loan facility has been sanctioned by Power Finance Corporation.The rating reflects strong revenue visibility, healthy financial metrics, robust debt servicing capability, and a secure cash flow structure. A key strength cited ..

Next Story
Infrastructure Transport

Dhamra Port Handles Record Coal Import for Tata Steel

In a major boost to Odisha’s maritime and industrial capabilities, Dhamra Port has handled its largest-ever imported coking coal consignment, totalling 186,782 metric tonnes, brought in by Tata Steel Ltd, one of India’s leading steel producers. The shipment arrived aboard a massive vessel measuring 299.95 metres in length, with a 50-metre beam and an 18.40-metre draft, underscoring the port’s capacity to berth and unload ultra-large carriers with efficiency.This milestone reinforces Dhamra Port’s position as a leading deep-draft facility on India’s eastern coast and reflects its expa..

Next Story
Infrastructure Energy

Maharashtra Clears Forest Land for Rs 13 Billion Coal Project

The Maharashtra Forest Department has approved the diversion of 87.35 hectares of shrub forest, known locally as Zudpi jungle, for the Gondkhairi Underground Coal Mine Project being undertaken by Adani Power Maharashtra Ltd (APML). The project site is located in Gondkhairi village in Kalmeshwar taluka, approximately 20 kilometres from Nagpur, and involves an investment exceeding Rs 13 billion, with an operational lifespan of 30 years.In March 2025, the Supreme Court ruled that the Zudpi jungle areas in Nagpur qualify as forest land and that any diversion for non-forest purposes would require p..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?