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.
Idea / Project Proposal Submission: Under the above mentioned scheme, Ideas / Project Proposals are invited from the student(s) of SPSU / Independent Entrepreneur(s)/MSMEs in the prescribed format. The format for the submission of the Idea/project proposal may be downloaded from the following link:Format_for_the_Idea_Submisssion_SPSU_BI.pdf
Submit the duly filled form (in Soft as well as Hard Copy) to the following address:
Mr. Himanshu Purohit, Executive Head, SPSU Business Incubator (recognized by the MSME, Govt. of India),
Sir Padampat Singhania University, Bhatewar, Udaipur-313601, Rajasthan.