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The AICTE has issued an offer letter to JSS Academy of Technical Education for establishing an AICTE IDEA Lab with a total project cost of Rs. 90 lakh, including contributions from AICTE, the institute, and industry/alumni. The institute must provide a furnished space and adhere to specific timelines and conditions for the project's implementation. Acceptance of the offer is required within 10 days, along with a commitment to sustain the lab beyond two years.
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0% found this document useful (0 votes)
11 views

PROSU300

The AICTE has issued an offer letter to JSS Academy of Technical Education for establishing an AICTE IDEA Lab with a total project cost of Rs. 90 lakh, including contributions from AICTE, the institute, and industry/alumni. The institute must provide a furnished space and adhere to specific timelines and conditions for the project's implementation. Acceptance of the offer is required within 10 days, along with a commitment to sustain the lab beyond two years.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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All India Council for Technical Education

(An Autonomous Organization, Under Ministry of Education, Govt. of India)


Nelson Mandela Marg,Vasant Kunj, New Delhi-110070 Website: https://www.aicte-india.org

AICTE-IDEA Lab Network Network (Offer Letter)

F.No. M/676/2025-SAGB/IDEA2024000247
Date: 11-02-2025

To

BHIMASEN

JSS ACADEMY OF TECHNICAL EDUCATION ( 1-6027111 )

JSSATE CAMPUS UTTARAHALLI-KENGERI ROAD BANGALORE 560060 KARNATAKA, BANGALORE

560060, BANGALORE URBAN

Sub: AICTE-IDEA Lab Offer Letter (IDEA Idealab ID – IDEA2024000247 ).

Madam / Sir,

We are pleased to inform that your institution is selected for establishing an AICTE IDEA Lab with the following budget and fund flow.

Contribution, Rs. (in lakh)

Total Project Cost, Rs. (in lakh) AICTE Institute Industry / Alumni / Others

NR R Total NR R Total NR R Total

90 20 10 30 20 10 30 20 10 30

[NR- Non-Recurring Expenditure, R- Recurring Expenditure]

AICTE shall release one-third of its contribution as the first instalment after formal acceptance of this offer by the Institute and the remaining amount
(second instalment), only after the total matching grant amount (Institute Contribution) is deposited in an exclusive Bank Account of AICTE- IDEA Lab
along with proof for placing Purchase order for procurement of all the Equipment’s (as per Scheme document) and proof submitted to us. Further, your
institution must ensure the contribution of funds by Industry/ Alumni/ Other sources as mentioned in the table above. The Institute must ensure
continuous flow of funds into the project over and above the total Project cost, towards sustenance of IDEA Lab beyond 2 years and to be eligible for
grants under other schemes from AICTE in future. Your Institution must adhere to the timeline for implementation of AICTE-IDEA lab project, enclosed
with this offer letter.

We would also like to recall among other things the following towards smooth initiation of the project:

Your institution must provide a built-up and furnished space of at least 3000 sq. ft. to house the IDEA Lab (2000 sq ft for Lab & 1000 sq ft for
student activities).
Your institution should open a separate bank account for this project and the same be intimated to us through the Mandate Form (enclosed).
This is required for issuing Sanction Order from our end.
Your institution must abide by Terms and Conditions provided in the Scheme Document (accessible from our website) and timeline enclosed
with this letter.
The logo of AICTE IDEA Lab can be used by the institution as long as it has a valid Extension of Approval (EoA).

We look forward to an Acceptance Letter (giving reference to this offer letter) within 10 days, as per the template enclosed. We hope that the institute
will implement the prestigious project with all sincerity and commitment.This is issued with the approval of competent authority.

Dr. N.H.Siddalingaswamy

Adviser (SAG Bureau)

Enclosures: Acceptance Letter (Format) & Timelines Document.

Copy to: Office Copy


ALL INDIA COUNCIL FOR TECHNICAL EDUCATION

TIMELINES FOR IMPLEMENTATION OF AICTE IDEA LAB PROJECT

Sr.No. Particulars Timeline for Implementation

Announcement of Selected Institutes for Establishment of AICTE IDEA


A. Immediately After the Approval
Labs

1. Issuance of Offer Letter by AICTE X day

2. Submission of Acceptance Letter by the Institution X+10 days

3. Issuance of Sanction Letter by AICTE X+15 days

Creation of Separate Bank Account for IDEA Lab and Initiate /Planning for
4. X+18 days
the Procurement process

Second/Third Week from the date of


5. Participation of Institutions in Orientation Program conducted by AICTE
Issuance of Sanction Order

Transfer of Funds (Institute Contribution) by Institution to IDEA Lab Bank


6. X+30 days
Account of Institution

7. Confirmation of Funds Transfer by Institute on AICTE IDEA Lab Portal X+30 to 35 days

8. Transfer of FIRST Instalment Funds by AICTE X+45 days

9. 1st Review of Progress by AICTE X+60 days

10. Transfer of SECOND Instalment by AICTE X+75 days

11. Completion of Procurement by Institutes & Establishment of IDEA lab X+90 to 100 days

12. Inauguration of IDEA Lab & Initiation of IDEA Lab Activities X+100 to 120 days

13. Submission of Progress Report by the Institute on IDEA Lab Portal X+130 to 135 days

14. 2nd Review of Progress by AICTE X+135 days

Submission of Complete UC (AICTE Amount + Institution Share / Matching


15. X+150 days
Fund)

16. 3rd Review of Progress by AICTE X+210 days

Withdrawal of Sanction Order/Offer Letter in case of Non-Performing


B.
Institutes after the FIRST Review of Progress by AICTE

Team IDEA Lab, SAG Bureau


Acceptance Letter*

AICTE-IDEA Lab

To,
The Advisor,
Scholarships and Grants Bureau,
All India Council for Technical Education (AICTE),
Nelson Mandela Marg, New Delhi 110 070

Subject: Acceptance of the AICTE IDEA Lab Project offer (IDEA Lab ID - IDEA2024000247)

Name of Institute:

Dear Sir,

With reference to your letter no. M/676/2025-SAGB/IDEA2024000247 dated 10-02-2025, we herewith


accept your offer to establish AICTE – IDEA Lab at our Institute.

Our Institute agrees to the terms and conditions provided in the offer letter and scheme document and
the timeline for implementation prescribed by the AICTE. We also assure you that we will implement
this prestigious project with all sincerity and commitment.

Signature: Signature:

(Name and Designation) Name and Designation


Chief Mentor- AICTE IDEA Lab Head of Institute
(Stamp/Seal) (Stamp/Seal)

*Printed in Institution Letter Head

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