SPPU to submit proposal for incubation centre

Pranita Roy
Saturday, 28 July 2018

Maharashtra government announces 15 such centres in State for start-ups

Pune: Around 15 new incubation centres for start-ups are to be established across the State and for this, the Maharashtra State Innovation Society (MSInS) has opened up a window for applications for setting up incubator centres at educational, industrial and research institutions. 

The Savitribai Phule Pune University (SPPU) is preparing a proposal likely to be submitted by August 2. There are four categories of institutions that come under it like academic institutions, industry-based institutions, research institutions and consortium. SPPU falls under category 1, i.e academic institution. The institutes will be recognised on merit and granted an amount of Rs 5 crore for five years only.

“The unique condition of this initiative, unlike other grants offered by the government for research, is that the grant remains only for the given period of five years. Therefore, it is expected that the institutes make a sustainable module which can self-generate revenue after five years once the grant is over,” said Aditya Abhyankar, Dean of the Faculty of Technology at SPPU.

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 like 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,” he said. 

What the proposal says

There will be three types of incubators to serve the public.

First, fresh graduates who want to establish a start-up will get end-to-end mentorship and an entire ecosystem will be built to support their ideas. They will have industrial involvement for guidance on standardisation, getting investors and guidance for scaling up products. This will be provided at a nominal charge. 

The second type has faculty members who will propose a centre of excellence. This won’t be restricted to only on-campus faculty members but also includes faculty members from different colleges.

The third type caters to people in the company who have experience in an incubation centre, but want to build one in the company. They will receive mentorship and for which they can use this platform for learning predominantly networking and building rapport.

Abhyankar said 27 to 28 industries have already approached the university with support letters stating they will collaborate with the university once the centre starts. While some industries have offered to provide matching grants – which means the amount spent on an innovation will be recovered by the company.

“Two-three ideas in information technology (IT) which will generate more revenue have been identified. We will start working on it as soon as the incubator centre is set up in the university,” said Abhyankar.

Speaking about the need for such a centre in the varsity, Abhyankar said, “To develop an innovation culture, incubators are required.”

The application will be on a rolling process and there is no particular deadline. As and when the institutes submit their proposals, they will get evaluated accordingly, said Abhyankar.

Heads of state universities in Maharashtra will be visiting the IIT Chennai Research Park to learn more about the centres 
on August 2.

For start-ups

SPPU falls under category 1, i.e academic institution. The institutes will be recognised on merit and granted an amount of Rs 5 crore for five years only.

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

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