The Uttar Pradesh government on Tuesday approved the proposal by IIT Kanpur and Ficci (Federation of Indian Chambers of Commerce and Industry) to set up an excellence centre in Noida. Included under the banner of the UP Startup Policy 2020, this institute will pivot around the programmes of Artificial Intelligence & Innovation-Driven Entrepreneurship (AIIDE), the IIT announced in a tweet. As per reports, the centre will be established as an outreach programme of the IIT Kanpur and the centre's new building in Noida.
New excellence centre in Noida will support 50 startups annually
The state of Uttar Pradesh has announced the establishment of three excellence centres under the scope of its startup policy. These will primarily ace in research and development, promoting best practices and incubation. The first of these centres will be set up in the medical electronics field in Lucknow's SGPGI with the help of Software Technology Parks in India. The second instalment of the scheme will specialise in artificial intelligence and innovation-driven entrepreneurship (AIIDE) at the Noida campus of IIT Kanpur.
As per reports, this Centre of Excellence in AIIDE will support around 50 startups every year, with key focus on the development and promotion in cybersecurity, artificial intelligence (AI), augmented reality (AR) and the Internet of Things (IoT). With this mission, the centre envisages providing assistance to about 250 startups by the end of 5 years. It will also harness investment for the top 20 of all these business models, based on their viability.
It will develop the landscape and culture of new and indigenous industries in North India, creating an ecosystem of self-reliant economic models. The idea is to promote the growth of businesses of the future with the right funding and assistance.
UP Cabinet approves to run 6 ITIs & 6 Polytechnics
Besides this, the state of Uttar Pradesh has decided to adopt the new regulations of the All India Council for Technical Education (AITCE). In accordance with this, all appointments to senior profiles will be provisioned under the authority of the service norms. With this, the state has decided to grant the Public-Private Partnership status to 6 ITIs and 6 Polytechnics here. None of these 12 institutes is currently operating and would be run by private ventures, said an official.
He also informed that the bids for another 38 such setups are presently being finalised. This approach will help to revive those institutes which have been lying dysfunctional for many years.