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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement