STOCK MARKET BSE NSE

New incubation centre at VTU to support startups of alumni

Although the startups have to take care of their financing at the moment, the university will provide them a space at its Belagavi campus, where the alumni can use the internet, electricity.

Published: 08th March 2021 04:29 AM  |   Last Updated: 08th March 2021 04:29 AM   |  A+A-

A view of VTU, Belagavi

Express News Service

BENGALURU: As a leg up to its alumni who want to begin their own startups, Visvesvaraya Technological University (VTU) is set to start an incubation centre with a slot for 18 startups to work from the idea to product phase.

Although the startups have to take care of their financing at the moment, the university will provide them a space at its Belagavi campus, where the alumni can use the internet, electricity and lab facilities of the university.

Karisiddappa, Vice chancellor of VTU, told TNIE that all ideas ranging from from IoT, energy buildings, to nano and bio-technology, are encouraged, provided they have socially-relevant products to offer. A team of industry and in-house experts at the university will scrutinise the applications, he added. Visvesvaraya Technological University is also building up finances to assist the startups in the near future. The university is planning to launch its startup innovation policy and initiatives in this regard in April following the convocation on April 3.

An exhibition has been planned for graduates to showcase their ideas. The state government had recently launched a dedicated policy to make the state a ‘destination of choice’ for Engineering Research & Development and encourage research among the youth. The five key priority sectors are aerospace and defence; auto, auto components and EV; biotechnology, pharma and medical devices; semiconductors, telecom, ESDM; and software products. Karisiddappa said government funds will be sought under the Engineering R&D policy as well. As part of their academic revamping, the university has also introduced a full-time research fellowship programme for 40 students from the coming academic year. The research fellowship is Rs 25,000 per month for three years and Rs 25,000 contingency grant for the year.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp