NITI Aayog, NItte Education Trust team up for World-Class Incubation Centre at Nitte

Mangalore Today News Network

Mangaluru, March 11, 2020: NItte Education Trust is among the top 50 reputed institutionsin the country selected by NITI Aayog for setting up Atal Incubation Centre under Atal Innovation Mission (AIM) scheme, Govt. of India.

NITI Aayog has sanctioned Rs. 9 crores to Nitte Education Trust for setting up a full-fledged Incubation Centre at Nitte, of which Rs. 2.5 crores has been received as first instalment.

Atal Incubation Centre- Nitteprovides start-ups with valuable guidance, technological aid, access to investors, networking and facilitating a host of other services required for start-ups to survive and scale.Start-ups also receive direction through the robust chain of mentors who give sector-specific information and real-time practical guidance. Further, the Centre will also support the existing Micro, Small & Medium Enterprises (MSME) in the region through appropriate intervention strategies like training, consultancy, mentoring, business development, diversification, technology transfer & up-gradation. The Centre would network with industry associations and trade bodies to identify research, training, education, consulting and development needs of the MSME sector.

The Centre will also coordinate with other reputed institutions in the country and abroad to provide training to the entrepreneurs for their skill/ technology up-gradation.  AIC - Nittewill provide access to Information Resources and Databases for competitive intelligence, Market Research, Patent & Trademark search etc. The Incubation Centre has ready to use 10,000sq.ft. space for incubation facilities comprising product development, training, conferencing and co-working, in which budding entrepreneurs who want to create start-ups in the areas of Agriculture, Biotechnology and ITC s could be enrolled as incubatee and nurture their innovative ideas.