Vadodara: M S University will set up Maharaja Sayajirao Incubation Startup and Entrepreneurship Centre (MSISEC), to provide state-of-the-art facilities to startups and innovators.
The centre will not only be open for students of the university and colleges in and around Vadodara but also for any individual who wants to turn into an entrepreneur with his or her innovative business ideas.
At a time when renting an office space is a daunting task for budding innovators, startups and entrepreneurs, the university will provide the physical space through which they can operate.
At the same time, the centre will provide basic facilities like net access, web and data domains, mentoring and activity support to the start-ups and innovators to accelerate their growth and progress.
“I am happy to share that university’s syndicate body has sanctioned Rs 40 lakh for setting up the MSISEC, for which civil work will soon start at the Veer Savarkar Bhavan,” MSU vice-chancellor professor Parimal Vyas told TOI.
“MSISEC is being set up to provide all kind of infrastructural, intellectual and mentoring support to innovators as per guidelines of Gujarat government,” he said, adding that a step ahead the university has also been informed that it has been selected for setting up centre under Atal Innovation Mission (AIM) for central Gujarat. AIM is central government’s flagship initiative to promote a culture of innovation and entrepreneurship in the country.
The university had earlier established center for startup and innovation, centre for incubation, centre for internship, apprenticeship and mentorship and centre for career counselling and training and placement under the office of career advancement for students in October 2018.
“The centre for startup and innovation spread awareness among students and teachers towards the support available for innovation and converting these into startups under student startup and innovation policy (SSIP) policy of state government and as a special focus area of the university,” said Dr Akash Pandey, assistant director of the centre.
The centre for incubation, on the other hand, extended physical and virtual incubation to startups with support in various activities of startups.
Both the centres conducted various awareness activities, events, workshops, webinars and encouraged participation in state and national-level innovation competitions.
“Students and teachers of the university have responded excellently with more than 50 innovation proposals received for support and 20 such projects being supported currently by the office,” said Pandey.
“There are 15 startups actively supported by the centre for incubation varying in domains from technical to social and IT-based to dramatics,” he said.