The IC² Institute has signed a memorandum of understanding with the State of Maharashtra Skill Development Society and the Federation of Indian Chambers of Commerce and Industry (FICCI) to set up a world-class innovation ecosystem in the state of Maharashtra, India, and to boost grassroots innovations to benefit the people of the state.
This agreement follows the notable success of the IC² Institute’s XLr8 program in Andhra Pradesh and Nexus Startup Hub @ the American Center in New Delhi. The program seeks to develop an innovation ecosystem in Maharashtra that will drive the creation of new technology startups, jobs, and expanded economic impact in the state. The focus of the program is both high-tech and grassroots innovations with critical societal impact. It is envisioned to develop Maharashtra as an innovation hub of global repute, with a focus on enhancing the quality of life of its rural livelihood by increasing productivity in agriculture and allied activities and through accelerating innovations and startups.
Finally, expanded opportunities for research collaborations between The University of Texas at Austin and leading research institutions in India located in Maharashtra are expected to emerge to support development of new technology-based innovations, formation of startup enterprises and engagement in the incubation system set up by the program.