Cyient, AICTE to Launch Innovation Cluster in Vizag
13 Jun 2025
2 Min Read
CW Team
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, 鈥淭his 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.鈥�
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, 鈥淭his partnership exemplifies the type of industry-academia collaboration that can transform India鈥檚 innovation economy. The cluster in Visakhapatnam will serve as a blueprint for future regional innovation hubs.鈥�
The initiative aligns with the Government of India鈥檚 vision of Atma Nirbhar Bharat, focusing on innovation-driven regional empowerment. Andhra Pradesh currently has over 1,137 Institution鈥檚 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, 鈥淭his 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.鈥滻n 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, 鈥淭his partnership exemplifies the type of industry-academia collaboration that can transform India鈥檚 innovation economy. The cluster in Visakhapatnam will serve as a blueprint for future regional innovation hubs.鈥漈he initiative aligns with the Government of India鈥檚 vision of Atma Nirbhar Bharat, focusing on innovation-driven regional empowerment. Andhra Pradesh currently has over 1,137 Institution鈥檚 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
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
