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Economic Times

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Image Credit: Economic Times

Andhra govt signs pact to boost startup ecosystem, entrepreneurial skills

  • The Andhra Pradesh government signed an agreement with Cyient Foundation and AICTE to enhance entrepreneurial and innovation skills.
  • The tripartite agreement aims to boost startup culture and intellectual property generation in academic institutions.
  • Innovation clusters will be launched, starting with Visakhapatnam, to promote entrepreneurial thinking.
  • The initiative focuses on bridging industry-academia gaps and strengthening partnerships in Andhra Pradesh.
  • Specialized i-CARE and i-CAFE centers will support entrepreneurship and idea incubation statewide.
  • IPR and Technology Transfer cells will be set up in engineering colleges, particularly around Visakhapatnam.
  • The initiative includes boot camps, hackathons, conclaves, and mentorships to nurture creativity among young innovators.
  • APSSDC will coordinate efforts to achieve scalable innovation outcomes across the state.

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