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Industry role key to tech incubator, says IIT director
SPMVV is already having young minds, who are free to think and come up with fresh ideas. They have experienced faculty as well whose knowledge and guidance should help the students to think new and in an innovative way. The most important third constituent is industry because they understand markets well and what to sell etc.
Tirupati: Three constituents are to be brought together in the research path, which are vital to get better innovations, observed IIT Tirupati Director Prof KN Satyanarayana. Addressing at a programme held by SPMVV Society for Innovation Incubation and Entrepreneurship – Technology Business Incubator (SSIIE-TBI) on the premises of Sri Padmavathi Mahila Visva Vidyalayam (SPMVV) here on Tuesday, he explained that the three constituents are students, faculty and industry.
SPMVV is already having young minds, who are free to think and come up with fresh ideas. They have experienced faculty as well whose knowledge and guidance should help the students to think new and in an innovative way. The most important third constituent is industry because they understand markets well and what to sell etc.
Bringing all of them to one common platform and get them involved is important to make a good innovation. As far as SPMVV is concerned, they need strong representation from industry without which they will have very limited perspective of taking the initiative forward. Prof Satyanarayana has explained the concept of incubation they followed at IIT Madras and emphasised the need for multi institutional collaboration.
SSIIE-TBI CEO Y Mallikarjuna Reddy explained that SSIIEE-TBI started functioning from October 2017 as an initiative of SPMVV and national Science and Technology Entrepreneurship Development Board (NSTEDB), which provides a vibrant ecosystem and caters to the demands of business incubators. It offers entrepreneurs much needed infrastructure support and critical mentoring to turn their dream into reality.
It will also be inclined towards development of women entrepreneurs by mentoring them towards starting, owning and growing of their startups. SPMVV V-C Prof V Durgabhavani has said that the Central government has already sanctioned Women Technology Park and the University has applied for women bio-technology park which may be sanctioned by the end of this financial year.
The Trainers Centre by the UN is running in the varsity, she added. The integration of international outlook with local talent by having support from all quarters the institution will march forward. Later, the IIT Director has launched the brochure and newsletter of SSIIE-TBI. SPMVV Engineering College Director Prof K Ramakrishna Rao, SSIIE-TBI Secretary Prof S Jyothi and others took part.
