Mangaluru: Lorenta Technologies Pvt Ltd, a startup founded by students of Alva’s Institute of Engineering and Technology (AIET), has secured a Rs 38 lakh govt grant under Elevate Shakti-2026. Karnataka Innovation and Technology Society (K-Tech), under Karnataka govt’s department of electronics, information technology and biotechnology, sanctioned the grant.Incubated at Alva’s Technology Centre, Lorenta Technologies has developed an automated document vending machine to simplify daily printing requirements. The product, branded ‘Print Point’, seeks to make technology more accessible to the public, a release said.The team comprises fourth-year information science and engineering students Ranjana Prasad CH, Prasanna, Suhas and Manoj, and fourth-year data science student Samarth Joshi.Alva’s Technology Centre, the innovation and startup incubation centre of Alva’s Education Foundation, provides students with guidance, technical support and a platform to launch businesses. More than 13 student startups and apps have been formed under its guidance, while 10 companies are operating.Vivek Alva, trustee of Alva’s Education Foundation, said the institution had established facilities including an AICTE Idea Lab, Surface Mount Technology Lab, NVIDIA Lab and IBM AI Lab to foster technical skills, research and innovation.
