Two Business Incubators set up at PACE Mangaluru

Source: S.O. News Service | Published on 7th October 2018, 10:07 AM | Coastal News | Don't Miss |

Mangaluru: In an attempt to set continuous growth of an ecosystem to fuel the constructive innovation by young entrepreneur aspirants and students of Dakshina Kannada districts, Central and State Government through its ambitious “Startup-programme” approved various schemes with financial support of 4 crores rupees to P. A. College of Engineering, Mangalore for the next three years.

Under these schemes two Incubation Facilities will provide appropriate facilities that can catalyze the growth and development of the start-ups at the scale that the country required through training, connection and capacity building. These two Incubation Centers have already initiated the steps in deployment of technologies by various start-ups into core areas such as biotechnology, nanotechnology, artificial intelligence, image processing, healthcare, food and agriculture, waste management, pollution etc.

These two incubators help the young entrepreneur aspirants and students of Dakshina Kannada district to identify societal problems of the district and spurt in innovation and digital transformation of the district.

Executive director of P. A. College of Engineering, Janab Abdulla Ibrahim informed that the financial support extended by the Central and State Government will be utilized to provide structural and fundamental support to students with innovative minds and budding startups to initiate, survive, grow, sustain and attain their highest potentials in years to come. 


Dr. Abdul Sharif, Principal of P. A. College of Engineering informed that the Ministry of Micro, Small, and Medium Enterprises (MSME), Government of India has approved P. A. College of Engineering, Mangalore as one of the five Host-Institutes in Karnataka State to set up Business Incubators. He further informed that the Department of Information Technology, Biotechnology, and Science & Technology, Government of Karnataka approved P. A. College of Engineering as an Incubation Centre under “New Age Incubation Network (NAIN)” Scheme.

MSME scheme through Business-Incubator at P. A. College of Engineering, Mangalore provide financial support maximum up to 8 lakhs for every selected ideas for not more than ten innovators every year in developing and nurturing their new innovative ideas for the production of novel innovative products that can be sent to the market for commercialization by providing 2.4 crores rupees for the next three years. 


NAIN Incubation Centre established in the institute creates an ecosystem to promote innovation in educational institutes of Dakshina Kannada District as per the key objectives of the “Startup Policy-2015”. Under this scheme the students of the district are encouraged to identify local problems and address those using concepts of frugal innovations, and to develop appropriate technology-based solutions and working prototypes. Mentors assigned to the every students at incubation centers will help the students to formulate a business model based on this new technology and will encourage them to think like an entrepreneurs. NAIN Incubation Centre will conduct district level events like Ideathons, Hackathons, and Entrepreneurship boot camps to students and selected innovative ideas will be financially supported maximum up to 3 lakhs for every selected idea to for not more than such ten innovators every year by providing 1.2 crores rupees for the next three year.


Vision group on Science and Technology (VGST), Department of Information Technology, Biotechnology, and Science & Technology, Government of Karnataka, to encourage and promote Science and Technology education and research has sanctioned total of rupees 40 lakhs under Karnataka Funds for Improvement of Science and Technology Infrastructure (K-FIST-Level-1) at P. A. College of Engineering, Mangalore to be implemented for the next two years.

The proposal submitted by Dr. Krishna Prasad Nooralabettu, Head of the department of Biotechnology entitled “Photo-Protective and Water Repellant, Nano-Finished Cloth and Film from Fish Waste and Weed Leaf” received grant worth of 20 lakhs. Another proposal entitled “Combined impact of High Injection pressure and injection timing on the performance and combustion of common rail direct injection (CRDI) engine fuelled with a Biodiesel Blend” submitted by Dr. Ramiz M. K. received grant under this scheme. These two departments will UTILIZE these funds to catalyze, strengthen the institute to meet scientific and technological needs. These funds bring a paradigm shift in basic science education, research and taking science to masses through a wide range of initiatives in the institute and helps in supporting the research activities at the centre.


In order to realize the government’s ambitious initiatives on Startup India, the Business incubators setup at P. A. College of Engineering, Mangalore will provide budding entrepreneur aspirants an ecosystem in realizing their ideas into commercially important novel product or innovative technology through training, connection and capacity building. Students under MSME Scheme are encouraged to submit the proposal in a prescribed format through the website named www.dcmsme.gov.in by selecting P. A. College of Engineering, Mangalore as an incubation centre after due authentication using student’s Adhar Card Number. Entrepreneur aspirants are required to generate Udyog Adhar number and database using their Adhar Card number before uploading their proposal. Proposal under NAIN scheme will be selected through district level competition held every year.

Entrepreneur aspirants and students with innovative ideas can contact the Convener of the Incubation Centre, Dr.  Krishna Prasad Nooralabettu through the phone number 9448529048 for any queries.

 

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