SPPU receives Rs 5 crore from State govt for a new incubation centre

ST CORRESPONDENT
Tuesday, 2 October 2018

PUNE: Savitribai Phule Pune University (SPPU) has received a fund amounting of Rs five crore to build an incubation centre by Maharashtra State Innovation Society (MSInS).

The amount has been granted for five years. As per the rules set by MSInS, the grant will remain only for the given time period, no extension will be made further. Institutions should establish start-ups, which can be self-sustained.

PUNE: Savitribai Phule Pune University (SPPU) has received a fund amounting of Rs five crore to build an incubation centre by Maharashtra State Innovation Society (MSInS).

The amount has been granted for five years. As per the rules set by MSInS, the grant will remain only for the given time period, no extension will be made further. Institutions should establish start-ups, which can be self-sustained.

As reported by Sakal Times on July 28, around 15 new incubation centres for start-ups are to be established across the State and for this, the MSInS has opened up a window for applications for setting up incubator centres at educational, industrial and research institutions. 

“University’s innovation society was one of the educational institutes to send a proposal to develop an educational, industrial and research institution on campus in August,” informed Director of Incubation, Innovation and International Linkage Apurva Palkar.

The varsity has proposed to establish a ‘C BRIDGE’ centre, which stands for ‘Centre for Business, Research, Incubation, Development, Growth and Entrepreneurship.’ 

“This will act as an incubator, wherein different incubatives will be invited to pitch their ideas. The university will define a thrust based on different areas. Pune being an IT and automotive hub, these areas will be included. Apart from this, nano-technology, biotechnology will be there since the university is strong in these areas as well,” Aditya Abhyankar, Dean of the Faculty of Technology at SPPU had told Sakal Times then.

The university has conveyed that this will give students of the varsity an opportunity to learn about various programmes under Information Technology (IT) sector such as biotechnology, green technology, environmental technology, material science, intelligence section. 

With the help of this grant, the university will provide a platform, which can support students and professors of the university to set their new innovative projects. 

“Students and professors at the university campus keep coming up with different innovative researches and projects, which often don’t get guidance in order to transform it into entrepreneurial projects. The centre will enable and empower them and also provide guidance to become entrepreneurs. Moreover, we are expecting that at least 15 to 20 new start-ups will establish annually here onwards,” said Vice-Vhancellor of SPPU, Nitin Karmalkar.

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