PEC Technology Business Incubation, MSME
The MSME- Business Incubation Centre of Prathyusha Engineering College ( PEC) was approved by MSME in 2019 to provide a platform to assist and enable young entrepreneurs to initiate technology start-up companies for commercial exploitation of technologies developed by them. The MSME BI of PEC also enables the budding entrepreneurs to showcase and test their abilities to run a start up business. The centre provides a range of resources that enables it to: Empower students, faculty and staff to pursue entrepreneurial achievements that improve people’s lives, drive the economy and help innovators bridge the gap between inventor and venture capitalist. Provide grants for students to pursue their own ideas for companies and products. Support, simplify and clarify student intellectual property transfer processes for students and the broader community.
The MSME TBI facilitates the following events for the young generation entrepreneurs:
- To arrange series of Entrepreneurship development programs and interactive sessions to promote Entrepreneurship in the institute
- To arrange visits to industries for prospective entrepreneurs
- To facilitate the student teams to showcase their business ideas to funding agencies
- To facilitate seed funding for the young Entrepreneurs to test their business ideas with minimal risks
- To initiate start ups within the campus by student community by applying their business ideas
- To transfer the technical know-how and assist the students in setting up entrepreneurial enterprises
- To inculcate the culture of “apply what you learn and earn while you learn” in the campus
