Cyient Foundation and AICTE Partner to Build Innovation Cluster in Visakhapatnam

Cyient Foundation, the CSR arm of Cyient Ltd., and the All India Council for Technical Education (AICTE) have signed an MoU to establish an innovation cluster in Visakhapatnam, Andhra Pradesh. The initiative aims to strengthen the regional innovation ecosystem by empowering educational institutions to become hubs of innovation, entrepreneurship, and intellectual property creation. The pilot program will focus on transforming higher education institutions in and around Visakhapatnam into vibrant hubs of innovation by fostering collaboration between academia, industry, startups, and investors. The initiative will deploy a structured ecosystem comprising 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 mentor and mentee institutions.