Startup centre at NIT Goa to begin next week

PANAJI: A special Entrepreneurship Summit 2016, from September 9 to 11, will mark the inauguration of the startup centre at National Institute of Technology (NIT), Goa. A host of lectures and panel discussions by successful entrepreneurs, CII officials and persons from the ministry of micro, small and medium enterprises will create awareness about a career in entrepreneurship and guide creative minds to convert their innovations into viable business models.
NIT Goa, along with 12 other technical institutes and universities across the country, was chosen to establish a startup centre with funding from the ministry of human resource development and department of science and technology.The selection was made earlier this year after a proposal sent by its director, G R C Reddy, underwent intense scrutiny at various levels.
The institute will fund 10 startups, providing them minimum funds of 2.5 lakh per year, which can be increased based on performance.
NIT Goa will work closely with National Innovation Foundation India and Honey Bee Network, thereby facilitating the provision of technical and legal support to help translate innovative ideas into reality.
Assistant professor of the electronics and communication engineering department at NIT Goa, Lalat Indu Giri, said the startup centre will enable the institute assist grassroots innovations concerning societal needs.
The other 12 institutes where startups are being set up include IIT, Bhubaneswar, NIT Delhi, Motilal Nehru National Institute of Technology (MNIT) Allahabad, Visvesvaraya National Institute of Technology (VNIT) Nagpur, NIT Arunachal Pradesh, NIT Silchar, Assam, NIT, Agartala, Tripura, Atal Bihari Vajpayee Indian Institute of Information Technology and Management (ABV-IIITM), Gwalior, PDPM- Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur, IIT Indore, Babasaheb Bhimrao Ambedkar University (BBAU) Lucknow and Pondicherry University.