Monday, October 02, 2006

Innovator Identification Camp in Chennai on 26th September,2006

This camp was organised by TePP outreach centers, VITTBI,TREC STEP and PSG STEP along with Bharat Heavy Electricals Limited, Honeywell Technology Solutions Labs, SIDBI, Indian Bank and Technology Development Board.The idea was to inform the participants about the start up eco system prevailing in the incubator to mitigate risks in the initial period. The camp, first of its kind, was a success in reaching out to 64 prospects, in providing them sufficient information and knowledge about the Incubation activity, enlightening them about the emerging business opportunity in the Industry and increasing their awareness about the fund raising opportunity. The event also has generated wide publicity in the media and eight popular dailies have given good coverage in their papers. The presentations made in Chennai camp is available for download in the following link:
http://www.knowledgebiz.org/downloads/kbiz_iic_downloads.asp
The next camp is scheduled in Coimbatore on 7th OCtober'06.

1 comment:

A.Balachandran said...

Next camp was held in Coimbatore on 7th October,2006. The program was organised in “ The Residency”, a centrally located hotel in the Coimbatore City. There were 116 participants.

Dr.P.Radhakrishnan, Vice Chancellor of Vellore Institute of Technology in his Welcome address emphasized the need for Technology entrepreneurship and explained about the post camp activities which include a 3 month accelerated business coaching. He suggested to the participants to avail the facilities of the VITTBI and start their ventures.

Mr.A.Balachandran, Manager, VITTBI presented a report about the infoDev project activity and the plans.

Mr.G.Viswanathan, Chancellor, Vellore Institute of Technology in his presidential address said that many start-up companies faced problems while raising funds to commence activities. Seed-funding mechanism was available at the TBI, supported by the Technology Development Board of the Department of Science and Technology. Any individual or team could submit their idea and a business plan at the TBI and selected projects would get funding assistance ranging from Rs. 1 Lakh to Rs. 20 Lakhs.

Mr.G.V.Sampath, Pro Chancellor of Vellore Institute of Technology in his presidential address stressed the need for developing a right attitude to reach great altitudes.

Dr.Jairam Varadaraj, Managing Director of Elgi Equipments, a leading Industry conglomerate inaugurated the camp and said businesses should be "India Independent" to be successful. "Entrepreneurship is a fundamental requirement, the fundamental block" for all, be it the employees or those who start an enterprise. And, aspiration is the fundamental driving factor, he said.

Technical Sessions:

The Incubator partners TREC STEP, PSG STEP along with VIT TBI presented the services and support rendered to innovators in their respective incubators.

The Industry partners Bharat Heavy Electricals Limited and Honeywell presented the emerging Technology and Business requirements from their industries.

The Bank and Ventrure company partners Small Industries Development Bank of India (SIDBI), Indian Bank and Technology Development Board of Department of Science and Technology, Govt. of India presented Fund raining opportunities and bank schemes for small businesses.

Counseling sessions:
One to one interactions were carried out with 78 participants who have evinced interest in the Incubation and Business Coaching activities of VITTBI. Details of these candidates have been taken up for scrutiny and short listed persons will be invited to join the business-coaching program in 2nd week of October 2006.
Around 20 participants evinced interest to join VITTBI for the accelerated business-coaching program.

In general the second camp also was a success in reaching out to 115 prospects, in providing them sufficient information and knowledge about the Incubation activity, enlightening them about the emerging business opportunity in the Industry and increasing their awareness about the fund raising opportunity. This camp has definitely met our objective of identifying a potential group of people who needed support but remained at large. The event also has generated wide publicity in the media and a number of popular dailies have given good coverage in their papers.