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AICTE to Give Rs 1crore Seed Capital for Research Parks

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Research Park

The All-India Council for Technical Education (AICTE) has decided to fund institutes with Rs1 crore to set up research parks under its research park initiative, in order to encourage research activities among students. A research park is a research facility that is often linked with a major research university. There purpose is to create linkages between the university, industry and the community. To combine knowledge assets of a community with local business expertise in order to generate highly qualified individuals for high paying jobs is the reason behind the establishment of research parks.
The AICTE is also going to offer other schemes to encourage research work. The top 100 research students will be placed at the CSIR (Council of Scientific and Industrial Research) and DRDO (Defence Research and Development Organisation) laboratories.

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