Aequs has collaborated with KLE Technological University (KLE Tech.) to establish the Aequs Innovation Centre (AIC), to develop innovative products for the Toys and Consumer Durable Goods markets.
“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. The objective is to speed up the idea-to-prototype journey for these emerging industries in India’s manufacturing journey,” said Aravind Melligeri, Chairman & CEO, Aequs, during the launch event here today.
“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.
“This new industry-academia initiative will harness the unconstrained minds of young engineers and academia. The Aequs Innovation Centre 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,” said Ashok Shettar, Vice Chancellor, KLE Technological University.
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.