Sri Krishnadevaraya Univ gets Atal Center to foster start-ups

Sri Krishnadevaraya Univ gets Atal Center to foster start-ups

Posted by P. Charitha on November 15th 2017

Sri Krishnadevaraya University in Andhra Pradesh is the only government university from the State to be selected to house an Atal Innovation Centre (AIC), by the Union government. As part of this a team from the NITI Aayog is sanctioning Rs.10 crore for activities related to research, creation of intellectual property, incubating ideas and nurturing start-ups. Because the University decided to allocate more than 10,000 sft. of space for an incubation centre which has now turned into the AIC centre, NITI has released the first tranche of funds. 
We would have gone ahead nurturing and incubating ideas into worthwhile companies even without the sanction of the AIC. But the AIC is a blessing in that it adds a lot to our efforts and gives a platform and recognition to the start-ups that choose the SKU,” said Vice-Chancellor Prof. Rajagopal. The SK varsity is the lone institution selected by NITI Aayog among 181 private contenders from the state.While the NITI Aayog already sanctioned Rs.5.5 crore to the university, as against the request for Rs.10.7 crore, to be provided over a period of five years starting this year, the SKU was expected to arrange the remaining funds.Source: The Hindu


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