Aequs and KLE Technological University (KLE Tech) have come together to establish the Aequs Innovation Centre (AIC) at KLE Technological University, Hubballi.
The Innovation Center helps to develop innovative products for the Toys and Consumer Durable Goods markets.
Speaking at the launch event in Hubballi, Aravind Melligeri, Chairman & CEO, Aequs said that “The objective is to speed up the Idea-to-Prototype journey for the emerging industries in India’s manufacturing journey”.
“Aequs Innovation Centre (AIC) will function as an Innovation Ecosystem and Incubation Platform for Accelerated Product Development while leveraging the joint capabilities and infrastructure of Aequs and KLE” he added.
“The AIC seeks to ease a long-felt pain of enterprises, particularly in the hinterland, which faces challenges in developing products from scratch with limited expertise and resources,” he added.
Speaking at the launch event Dr. Ashok Shettar, Vice Chancellor, of KLE Technological University said that “This new industry-academia initiative will harness unconstrained minds of young engineers and academia”.
“The AIC is in line with KLE Tech’s belief that institutions of higher education need to continually innovate to meet the demand of global economies by developing their capacity in research and development” he added.
Also read: Aequs CEDG Cluster is getting ready at Dharwad.
To be housed at the Industry 4.0 Lab being built by KLE Tech University, the AIC will leverage Aequs’ expertise for training engineers in cutting-edge technologies and product design & development, and benchmarking processes.
The AIC will provide direct employment to one hundred plus engineers and students in the first five years.