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Connecting Innovation & Entrepreneurship - Role of PSG-STEP. PSG-STEP. Accelerating entrepreneurs. …. About PSG & Sons Charities. PSG & Sons’ Charities started in the year 1926 Celebrating its 80th anniversary in 2006

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Presentation Transcript
slide1

Connecting Innovation & Entrepreneurship

- Role of PSG-STEP

PSG-STEP

Accelerating entrepreneurs

about psg sons charities

About PSG & Sons Charities
  • PSG & Sons’ Charities
    • started in the year 1926
    • Celebrating its 80th anniversary in 2006
  • Vision started with one school and today 24 educational and medical institutions are under PSG Trust

PSG-STEP

Accelerating entrepreneurs

about psg step

ABOUT PSG-STEP
  • Established in the year 1998, with the support from
      • PSG
      • DST, Govt. of India
      • ICICI and
      • IDBI
  • Host Institute - PSG College of Technology
      • Established in the year 1951
      • An autonomous, accredited, ISO 9001 Institution

PSG-STEP

Accelerating entrepreneurs

genesis

GENESIS
  • To provide an atmosphere for innovation and entrepreneurship
  • Active interface between academics and industry
  • Handholding entrepreneurs from Idea to Commercialization

Accelerating entrepreneurs

PSG-STEP

milestones achieved

MILESTONES ACHIEVED
  • More than 100 start-ups were incubated from PSG-STEP since 1998
  • Received the “Best STEP” award from Ministry of Science & Technology, Government of India
  • Consulting Assignments : Surveys, Technology Development, Time & Motion Studies, ERP & MIS

PSG-STEP

Accelerating entrepreneurs

milestones achieved6

MILESTONES ACHIEVED …
  • 3 PSG-STEP companies are ISO 9001:2000 certified, 1 assessed at CMM Level 4
  • Corrosion Management Services awarded the NACE – India Section Award for Excellence in Corrosion Software
  • One company obtained VC funding and 6 PSG-STEP assisted start up companies were acquired / merged

PSG-STEP

Accelerating entrepreneurs

handholding of innovators

Handholding of Innovators
  • Infrastructure Support
  • Entrepreneur Advisory Clinic
  • Mentoring Support
  • Networking
  • Outreach Centres

PSG-STEP

Accelerating entrepreneurs

infrastructure support

Infrastructure Support
  • Incubator
    • Total Incubator space - 30,000 sq.ft
    • Space - from single table to max. 3000 sq.ft
    • Hardware / Software Support
    • Shared Data Connectivity
    • Voice Connectivity
    • Seminar Halls
    • Common Office Facilities

Accelerating entrepreneurs

PSG-STEP

infrastructure support9

  • Product Development Centre
    • Rapid Prototyping Machines

- Stainless Steel / ABS Plastic /

Nylon / Glass filled Nylon

    • Laser Scanning Facilities - for reverse engineering
    • Rapid Tooling - Vacuum Casting
    • Virtual Reality for Virtual Prototyping
    • Machining Centres - Horizontal / Vertical / Universal
Infrastructure Support . . .

Accelerating entrepreneurs

PSG-STEP

infrastructure support10

Infrastructure Support . . .
  • Centres of Excellence
    • More than 25 Centres of Excellence in different technology areas established by PSG College of Technology assists the new innovations.

Accelerating entrepreneurs

PSG-STEP

entrepreneur advisory clinic

Entrepreneur Advisory Clinic

To counsel entrepreneurs on

  • Technology
  • Project
  • Infrastructure
  • Technical Upgradation / Modernisation
  • Funding

with an ascent on the potential, background and capability of the entrepreneur

Accelerating entrepreneurs

PSG-STEP

mentoring support

Mentoring Support
  • Technical Support
  • The incubatees / innovators can utilise the faculty expertise of PSG College of Technology for
    • Idea Validation
    • Design Inputs
    • Technical Feasibility Analysis
    • Lab Testing

Accelerating entrepreneurs

PSG-STEP

mentoring support13

Mentoring Support

Business Development Support

  • PSG-STEP extends support for
    • Licensing / Patenting the Technology
    • Market Information / Surveys
    • Participation in the Exhibitions
    • Organising Thematic Workshops
    • Lab Testing

Accelerating entrepreneurs

PSG-STEP

networking

Networking

PSG-STEP has a strong network to benefit the incubatees.

  • Government Agencies

District Industries Centre

Small Industries Service Institute

  • Financial Institutions

SIDBI

TIIC

Commercial Banks

Accelerating entrepreneurs

PSG-STEP

networking15

Networking …
  • Industry Associations

South India Engineering Manufacturers Association (SIEMA)

Coimbatore District Small Industries Association (CODISSIA)

Confederation of Indian Industry (CII)

  • Entrepreneurship Institutions

Entrepreneurship Development Institute of India (EDII)

NGOs promoting entrepreneurs

Entrepreneurship Development Cells (EDCs)

Accelerating entrepreneurs

PSG-STEP

outreach centres

Outreach Centres
  • Technopreneur Promotion Programme (TePP) Outreach Centre

Joint initiative of Department of Scientific & Industrial Research (DSIR) & TIFAC

To support innovations with a grant ranging upto Rs.10 lakhs.

PSG-STEP

Accelerating entrepreneurs

outreach centres17

Outreach Centres …
  • Nodal Institution for L-RAMP for Innovators

Joint initiative of Lemelson Foundation, USA & IIT Madras.

To support grassroot innovations with a grant ranging from Rs.25,000 to Rs. 25 lakhs.

PSG-STEP

Accelerating entrepreneurs

achievements

Achievements

Accelerating entrepreneurs

PSG-STEP