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GMR INSTITUTE OF TECHNOLOGY
is identified as Business Incubation Center under
the Scheme of "Support for Entrepreneurial and
Managerial Development of MSMEs through
Incubators" of Ministry of MSME, Govt of India.
Center Registration
Number
: HIBIAP000028
Main objective of the scheme
is to promote & support untapped creativity of
individual and to promote adoption of latest
technologies in manufacturing as well as knowledge
based innovative MSMEs (ventures) that seek the
validation of their ideas at the proof of concept
level.
Such entrepreneurial ideas
have to be fostered and developed in a supportive
environment before they become attractive for
venture capital. Hence the need arises for
incubation centres: to promote and support
untapped creativity of individual innovators and
to assist them to become technology based
entrepreneurs.
Objectives:
- To conduct
Innovative Idea competitions among the students
and prospective entrepreneurs from the
community
- To encourage
students to participate in
national/international level Innovative Idea
competitions.
- To select the best
Innovative Ideas through man[agement review
committee.
- Recommend and
forward the selected Innovative Ideas to MSME
for funding.
- To mentor and assist
in completing the approved/sanctioned Innovative
Ideas by
MSME.
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There onwards, the institute
is working to support students try out their
innovative ideas (processes and products) at the
laboratory or workshop stage and beyond (to the
extent possible) to carry forward the idea from
its mere conception to ‘know how ‘and then to ‘do
how’ stage. With the opportunity given to GMRIT,
will enable students to come out with the best
possible technology enabled ideas/products
contributing to the society and to nation building
at large.
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