‘Aspiring entrepreneurs will float ideas for products using emerging technologies’
‘Aspiring entrepreneurs will float ideas for products using emerging technologies’
Sri Venkateswara University (SVU) is a house to startups now, the place college students can provide shapes to their modern concepts.
The varsity has launched an ‘Innovation Hub’ on the campus as a part of the Rashtriya Uchchatar Shiksha Abhiyan (RUSA), a scheme sponsored by the Union Ministry of Education of the Central authorities that goals at offering strategic funding to eligible state increased instructional establishments.
The innovation hub will encourage younger and aspiring entrepreneurs to drift new concepts for merchandise and options utilizing the rising applied sciences, apart from submitting functions for patents, mental property rights (IPR) and copyright safety. The incubation centre will probably be more practical in three years, enabling additional funding in analysis and innovation, the college officers stated.
Seven startups launched
Launching seven startups at a programme right here on Friday, SVU Vice-Chancellor Okay. Raja Reddy expressed happiness over the college getting chosen for a funding of ₹100 crore underneath the ‘Component 5 of the RUSA’.
He additionally spoke about growing centres of excellence in nano and micro-satellite, earth and atmospheric sciences, materials sciences, natural drug growth, biosciences, water assets and bioenergy and electrical automobiles.
SVU Dean (R&D) S. Vijayabhaskara Rao, who can be the RUSA coordinator, highlighted the significance of growing startup ecosystem, saying that it will assist the college fee new enterprises.
M. Srinivasulu Reddy, a professor at SVU College of Management, launched ‘CAMINO’, a a startup arrange by the scholars. Dean (Innovation) Ramashri elaborated in regards to the efforts that had gone into creation of the ecosystem, whereas Technology Companies Association of Andhra Pradesh (TCOAP) president T.N. Sreenivas supplied assist to the scholars and startups.
SVU RUSA CEO Rayala Vamsikrishna threw gentle on the digital incubation amenities being supplied to the choose startups. The Letters of Intent and Acceptance have been exchanged with seven startups—CAMINO (house leases), Take Off (coupons for on-line patrons), Silk Plaster (inside options and wall paint), Accubick (a software for intelligence-based verification), Whistle Media (new age digital advertising and marketing), TAGS (a thematic backyard idea studio) and THRIVE (drinks and frozen merchandise firm).
Source: www.thehindu.com