• Friday, 22nd November 2024

Andhra University Introduces Ignition Grant Programme to Foster Innovation



Andhra University is taking a proactive step towards fostering innovation and entrepreneurship in the region with the launch of its Ignition Grant Programme.

Spearheaded by the Andhra University Incubation Council (ā hub), this initiative aims to nurture innovative ideas and propel them towards commercial success.

During the inaugural phase, seven promising ideas in the realm of Internet of Things (IoT) were shortlisted, showcasing the region's potential for groundbreaking innovation.

Building on this momentum, ā hub secured the prestigious National Initiative for Developing and Harnessing Innovations – Inclusive Technology Business Incubator (NIDHI iTBI) grant from the Department of Science and Technology, Ministry of Science and Technology in its second year.

This significant grant of Rs 50 lakh enables ā hub to provide substantial support to innovators, empowering them to transform their concepts into tangible prototype models.


Referred to as ignition grants, these funds serve as a catalyst for innovators, facilitating the development and eventual launch of their ideas into the market.

Following a rigorous selection process conducted by the technical review committee, seven innovative ideas were chosen as recipients of the ignition grants.

Over the next 12 months, each grantee will embark on the journey of refining their innovations, supported by the resources and mentorship offered by ā hub, including access to cutting-edge labs and guidance from experienced mentors.

In a motivating gesture, the Vice Chancellor of Andhra University extended words of encouragement to the grant recipients, expressing his confidence in their ability to succeed in their endeavors.

Subsequently, agreements were formalized, marking the beginning of a collaborative journey towards innovation and entrepreneurship in the region.

With the Ignition Grant Programme, Andhra University reaffirms its commitment to nurturing a culture of innovation and driving economic growth through the promotion of entrepreneurial ventures.

This initiative not only empowers individual innovators but also contributes to the broader goal of fostering a thriving ecosystem of innovation within the region.

 

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