Global entrepreneur incubation centre to come up at MIT campus, Pune | pune news | Hindustan Times
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Global entrepreneur incubation centre to come up at MIT campus, Pune

The funds will be made available to the MIT incubation centre under the Atal Innovation Mission, under the aegis of Niti Ayog, which is a government of India endeavour to promote a culture of innovation and entrepreneurship in institutes of higher learning including schools .

pune Updated: Dec 17, 2017 22:06 IST
Nadeem Inamdar
Nadeem Inamdar
Hindustan Times, Pune
From (Left) Nikhil Agarwal, Makrand Jawadekar, Raj Barar, Ramanan, Sanjeev Sinha during the entrepreneur cafe at MIT in Pune on Sunday.
From (Left) Nikhil Agarwal, Makrand Jawadekar, Raj Barar, Ramanan, Sanjeev Sinha during the entrepreneur cafe at MIT in Pune on Sunday.(Shankar Narayan/HT PHOTO)

The third annual global convention of the ‘entrepreneur café’, hosted by MIT ADT University at its Loni Kalbhor campus, set the direction for the transformation of Pune into one of the top startup hubs in the country, and one with a special place in the world.

Dr Mangesh Karad, executive president, MIT School for Art, Design and Technology told HT that the university will now develop a 50,000 sq ft incubation centre for the next generation of entrepreneurs.

Dr Karad said, “Our appetite is to create a world class university for entrepreneurial development of students and to promote talent at the national and international level.The initiative has provided young entrepreneurs the chance to build a new India and our focus is on creating a vast talent pool of job creators with immense employment opportunities for Indian youth.”

Mission director, Atal Innovation Mission and additional secretary of Niti Ayog, R. Ramanan said that his department will fund the incubation centre coming up on the MIT Loni Kalbhor campus. “ As a policy we are funding around Rs 10 crore for the innovation-cum-incubation centres, which will emerge as centres of excellence and give a major boost to the universities aspiring to grow into global centres of excellence. We have chosen 20 such centres which will come up across different locations in the country soon ,” he added.

The funds will be made available to the MIT incubation centre under the Atal Innovation Mission, under the aegis of Niti Ayog, which is a government of India endeavour to promote a culture of innovation and entrepreneurship in institutes of higher learning including schools .

The Atal Innovation Mission has two core functions. The first being entrepreneurship promotion through self-employment and talent utilisation, while the second entails innovators to be supported and mentored to become successful entrepreneurs. The incubation centre funding programme is directly related to innovation promotion. According to Ramanan, the initiative will spur entrepreneurship and lead to development of strong entrepreneurial ecosystem in Pune.

Ideas related to emerging businesses and the future of entrepreneurship, with active feedback from experts, were discussed during the two-day event which ended on Sunday.

The first day of the convention witnessed discussions on themes like the future of entrepreneurship,, building a team, the entrepreneurial ecosystem, branding and branding strategies for entrepreneurs.

The second day began with the power breakfast with CEOs, women entrepreneurship and ended with the felicitation of volunteers.

The convention was organised by the university in collaboration with entrepreneur café, FICCI and MCCIA.