Allocates $1.25Million for FY2022-23 to train and employ students
- MoU signed to offer Online MCA program for Graduate Trainees
- Online classes to be held by VIT professors at Altimetrik offices
- All students to get on-the-job training; high performers to get onsite opportunities
Bengaluru 20th May 2022: Altimetrik a U.S.-based, digital business enablement company today announced that it has signed a MOU with Vellore Institute of Technology (VIT), Chennai to extend UGC & AICTE recognized Online Master of Computer Application (MCA) course to its Graduate Trainees at Altimetrik offices.
The MoU was inked by Mr. Raj Sundaresan, CEO, Altimetrik, and Dr. G Viswanathan, Founder-Chancellor of Vellore Institute of Technology at the Altimetrik office in Ascendas International Tech Park, in Chennai.
Speaking on the occasion, Mr. Raj Sundaresan, CEO of Altimetrik said, “VIT is one of the most reputed institutes in India providing quality higher education on par with international standards. We are very excited at this opportunity to nurture Indian talent and prepare them for the world of Digital Business. This association for Altimetrik’s LevelUp Program will bolster Industry – Academia link and will prove to be beneficial for both the institutions in terms of research and practical knowledge.
Dr. G Viswanathan, Founder-Chancellor of VIT, Vellore said, ”our country is growing very fast and any country’s economic advancement depends on its educational advancement. It is always necessary that the academia, industry and business should go together. I appreciate Altimetrik for its efforts to upgrade the qualification of talent and I am glad that we are also part of it. I am so happy to sign the MoU today that is going to be beneficial for VIT as well as Altimetrik.”
Deserving students who meet the eligibility criteria set forth in the program will be absorbed as Trainees in Altimetrik and will be sponsored to receive online training from VIT professors at Altimetrik premises. Trainees will get a stipend as well as have an opportunity to work on real time projects and thus gain experience. The first batch is expected to start in August 2022 at Chennai and Bengaluru offices while the second batch will begin in February 2023 at Pune and Hyderabad offices.
The program will comprise 4 semesters with a total of 80 Credits (52 Core Course Credits and 28 Elective Course Credits). The first semester will entail students attending the course and shadowing projects within Altimetrik. In the second semester the students will be assigned to billable projects. In the third year, they will be absorbed into the company at a particular role.
Talking about the strategic partnership, Mr. Ranga Kanapathy, Head of India Technology Center and APAC Business of Altimetrik, said, “LevelUp program is one of our focused programs to build the talent in India. It is Altimetrik’s objective to leverage the technical expertise of institutions such as VIT and be a strategic partner in programs that combine theory with practical experience. This approach of integrating industry training into technical pedagogy will create a strong foundation of future talent that will deepen our Practitioner-led-Engineering differentiation. This model is led by practitioners who understand the real-world business issues and collaborate with engineering team/s to customize digital solutions. The students, by undertaking this immersive program, will learn to build digital solutions that solve real-world business problems.”
The program will focus on skilling and training candidates in:
• Design-Led Engineering thinking: to acquire Design-Led Engineering mindset
• Advanced Technologies: to learn Advanced Technologies and apply them in mission critical applications
• Research & Innovation: to build Proof of Concepts and Minimum Viable Products
• Platforms & Solutions: to build Platforms and Solutions for specific functional areas.
Elaborating on the budgetary allocation, Mr. Kanapathy said, “we plan to allocate $1.25 Million approximately in FY 2022-23 to this program to benefit 200 students. From 2023-24 onwards we intend to increase it to $2.75 Million to benefit nearly 400 students. The budget will be utilized towards candidates’ stipend, course fees, administrative and incidental costs. The stipend will be increased over the years based on the candidate’s performance after appraisal.”