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Incubation Centre to come up in SKU
The university is already running a Skill Development Incubation Centre on its own. This has prompted the NITI Aayog to select the university. In fact, SKU is the only state university to be sanctioned the incubation centre. He said the district being a horticulture hub and a non-conventional energy hub will help start-up companies relating to the hubs and the Kiya Cars to be set up in the distri
Anantapur: NITI Aayog has zeroed in Sri Krishnadevaraya University for establishing the prestigious Atal Incubation Centre for industrial start-ups among 3,658 applicants throughout the country. The SK varsity is the lone institution selected by NITI Aayog among 181 private contenders from the state.
Highlights:
- Vice-Chancellor says Rs 10 crore has been given as a special grant for the setting up of the centre by AIM
- SK varsity is the lone institution selected by NITI Aayog among 181 private contenders from the state
The Atal Incubation Centre, to be set up in a couple of months in the SKU campus, will nurture innovative start-up business enterprises in their pursuit to emerge as scalable and sustainable ventures. The Atal Innovation Mission (AIM) will create world class incubation facilities
at the centre with suitable infrastructure in terms of capital equipment, operational facilities and sectoral experts for mentoring the start-ups, business planning support, providing seed capital, marketing industry partners, training and other relevant components.
The Incubation Centre would deal with manufacturing, transport, energy, health, education, agriculture, water and sanitation.
Speaking to media on Wednesday, SKU Vice-Chancellor K Rajagopal disclosed that Rs 10 crore has been given as a special grant for the setting up of the centre by AIM.
He said any prospective entrepreneur from any part of the State can avail the facilities and assistance of the Incubation Centre.
The university is already running a Skill Development Incubation Centre on its own. This has prompted the NITI Aayog to select the university. In fact, SKU is the only state university to be sanctioned the incubation centre. He said the district being a horticulture hub and a non-conventional energy hub will help start-up companies relating to the hubs and the Kiya Cars to be set up in the district.
The other core function of AIM is entrepreneurship promotion, for which it will also provide financial assistance to non-financial institutions which include tech-parks, companies and group of individuals for establishing incubation centres across places in India. The establishment is restricted to only specific subject areas like energy, education, health, agriculture,
transport, manufacturing, water and sanitation. These centres would be called as an Atal’s Incubation Centre, which would provide vital infrastructural and pre- incubation facilities. Some of the services by it would include developmental assistance regarding technology, access to funds, business support service (for a different individual on different area), training and development, networking and mentoring.
The main motto of this is to help the start-ups, new innovators or developers to help them flourish with proper assistance. Thereby AIM would provide Rs 10 crore to set up a new AIC in a period of 5 years for capital investment with operation and maintenance expenses.
To improvise the established incubation centre, AIM would provide a support of grant in aid of Rs 10 crore in a span of two years. This would increase the standard of incubation centres network in the country.
