Vishakapatnam: Andhra University in Visakhapatnam started the century in the establishment of start-up and research facilities, to become a financial investment for the university, to be self-sufficient.

Announcing this on Sunday AU vice chancellor Prof. PVGD Prasad Reddy said the university has made room for 77 startups in its new building at Andhra University Engineering College, six of which have already started working.

“The remaining 71 will start working from next week or two weeks,” Prof Prasad Reddy told this correspondent on Sunday. He maintained that through start-up and research facilities, where the university needs an annual expenditure of ₹600 crore, AU is seeking to contribute to Prime Minister Narendra Modi’s proposal to invest in India has $ 5 trillion worth.

“We have great infrastructure and talented teachers to guide young people in their startups and research,” said the vice chancellor. He said that Andhra University is the only one among 800 public universities in the country to go outside the box and ensure start-up and incubation centers, including advanced research institutes.

Prof. Prasad Reddy that companies that show interest in creating startups will be looked into and given a place in the new building. These will take university students as interns, helping young people to earn money and knowledge, he pointed out.

Another plan is to allow large companies to set up their premises, which will begin to pay the university 20 percent of the income as specified by the local government in after three years. The university, for its part, guides them in marketing, branding and obtaining patents.

Among other things, the vice chancellor said Nasscom and the central government have allocated ₹72 crore for AU to set up research and development facilities in IoT (internet of things) and including machine learning.

A Vizag-based NRI is setting up a facility to provide staff to top IT companies in India and abroad. Likewise, a drone technology center will be launched to train youth in research and improve drones with new technology.

Prof. Prasad Reddy under RUSA grants, a joint venture has been signed with Ramky Pharmacy for manufacturing and technology. Andhra University will have 52 percent of the business. About 40 woodworking companies are affiliated with the building.

The vice chancellor further said that Avanti Feeds has received funding of ₹6 crore for research on marine resources. RINL also supported a study of health genetics with a focus on bio ardour, he added.

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