Thiruvananthapurm Technopark set up Business Incubator Technology

By siliconindia   |   Thursday, 10 July 2008, 19:30 IST
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Thiruvananthapuram: Thiruvananthapuram Technopark has set up an Entrepreneurship Development Cell (EDC) and a virtual Technology Business Incubator at the LBS College of Engineering in Kasaragod. A Technopark official said that the Technopark Business Incubation (TBI) centre would be offering support to the engineering college for coordinating the effective conduct of the Entrepreneurship Development Activities thus maintaining the status of a Regional TBI in the state. K C Chandrasekharan Nair, CFO, Technopark and Programme Coordinator-New Initiatives, Technopark TBI said that the objective of forming the EDC is to promote innovation and entrepreneurship in the campus while he was inaugurating EDC. "It is an effort to exploit and effectively convert the skills and expertise within the institute to create entrepreneurial ventures," said Nair. Thiruvanathapuram Technopark has already incubated more than 70 start up technology companies in its incubation facilities in the past five years. Nair also pointed out that Thiruvananthapuram Technopark has won many awards such as National award for the Best technology business Incubator 2007 and a seed funding assistance of 200 lakh, instituted by National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology for its contribution in the field of technology business incubator. TBI initiatives aims at creating a system that will promote the spirit of innovation and entrepreneuship throughout the state. Meanwhile, the entrepreneurship development activities of the LBS College of Engineering are expected to support to spot and incubate innovative ideas among the students into marketable products and to incubate them in the TBI.