The district made efforts to make use of strong industrial and institutional administration based the city to establish trade and technological incubation centres in engineering colleges policy of the Government of the State of ICT 2010-15 entrepreneurial innovation culture and construction technology.
Universities provide the proper environment and facilities for the incubation and innovation grow and centres could be established at colleges in the field of computer science, related computer engineering discipline services, pharmaceuticals and bio-technology to inculcate the courage of entrepreneurship among the students and faculty with leadership and support of business and industry to conceptualize ideas into projects, collection j. Syamala Rao said Wednesday.
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He pointed out this area of Visakhapatnam having 32 technical colleges 13,000 have been graduates each year and 45 College MCA is the right place to establish technology incubation and business centres.In order to encourage industry to develop laboratory incubation centres of R and D and computer operations and ITES in their campus and technical colleges.
The Government provide incentives such as competitions for recruitment of r. 2.5 given to 50 local students for 2 years; tariff category industrial power extending centres of incubation.a grant of 25% on power laboratory incubation of 3 years or r 30 is given earlier to leave the date of commercial production began invoices and reimbursement of 50% of the price of the rent for a stall in a national or international exhibition notified.
The Union Ministry of science and technology is also extend aide.La science and technology Entrepreneurs India (STPIs) parks Fund r 25 for each unit of the centre of business incubation and under the regime of technology incubation and development contractors (tide) and Department of communication centre, financial assistance was granted to centres.
M. Syamala Rao said the district administration work with institutions of higher education and industry to make the incubation centres of Visakhapatnam and wanted to bring engineering collegesto. "We are subcontracting colleges with the possibility of incubation centres and guide in the preparation of proposals to be sent to the Central and State Governments.
"STPI has a target of 15 HA incubation centres and we want to be the first in the State to take advantage of this scheme and send as many good proposals as possible," said Mr. Syamala Rao .the ' district administration would lead to an orientation for prospective colleges program, he added.
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