SPSU Business incubator was established in 2013 under the scheme “Support for Entrepreneurial and Managerial Development of SMEs through Incubators”, of the Ministry of Micro Small and Medium Enterprises (MSME), Government of India. The objective of the scheme is to provide early stage funding to nurture innovative business ideas (new indigenous technology, processes, products, procedures, etc.) that could be commercialized within a year. The scheme promotes emerging technological and knowledge- based innovative ventures that seek the nurturing of ideas from professionals beyond the traditional activities of Micro, Small & Medium Enterprises (MSMEs). 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 finally to become technology based entrepreneurs. It also seeks to promote networking and forging of linkages with other constituents of the innovation chain for commercialization of the process or products developed by them. The Ministry of MSME acts as the nodal Ministry for the development of entrepreneurship and creation of self-employment and additional employment avenues.
The SPSU Business Incubator aims to provide suitable environment and infrastructural support to the innovators at the early stages of idea generation and planning. It is also engaged in research and development activities in the frontal areas of technology having relevance to the society and are marketable in the future. The incubator also assists the innovators in establishing networking and linkages with the various stakeholders, in order to nurture their ideas and help to commercialize their innovative processes and products.
Thrust Areas: The indicative thrust areas that have been identified for the business incubator include, but are not limited to Bio-technology, Nano-technology, Information Technology, Ceramics industry, Herbal medicines, General stores, Auto components, Electrical appliances, Agricultural implements and Engineering industries.
Project Proposal Submission: Under the aforementioned scheme Project Proposals are invited from the student(s) of SPSU as well as independent entrepreneur(s), which may be submitted online through the following link(s):
Submission of Idea by Entrepreneur
Submission of Idea by the Students of SPSU
Important: While filling up the online proposal form choose ‘Sir Padampat Singhania University’ as the host institute.
For any clarification please send your query to: [email protected]