Incubation
How to Apply for Incubation Support
AIC-Pondicherry Engineering College Foundation offers Incubation facility of start up companies. It aims to assist and enable young entrepreneurs to initiate technology based startup companies for commercial exploitation of technologies developed by them.The AIC-PECF network with Angel Investors and Venture Capitalists who provide mentoring and financial support to the startups and enable tenant companies to mature over a period of 2-3 years and ultimately graduate to an actual business entity.
The main objective of Incubation is to promote emerging technological and knowledge based innovative ventures that seek the nurturing of ideas from innovators. Such entrepreneurial ideas have to be fostered and developed in a supportive environment before they become attractive for venture capital. Hence the incubation centre promote and support untapped creativity of individual innovators and assist them to become technology based entrepreneurs. It also seeks to promote networking and forging of linkages with other constituents of the innovation chain for commercialization of their developments.
The main objective of Incubation is to promote emerging technological and knowledge based innovative ventures that seek the nurturing of ideas from innovators. Such entrepreneurial ideas have to be fostered and developed in a supportive environment before they become attractive for venture capital. Hence the incubation centre promote and support untapped creativity of individual innovators and assist them to become technology based entrepreneurs. It also seeks to promote networking and forging of linkages with other constituents of the innovation chain for commercialization of their developments.
Objectives of AIC-PECF Incubation Facility :
- Promote product oriented research and development
- Encourage and accelerate development of indigenous products and packages
- Bridge the gap between R&D and commercialisation
- Facilitate entrepreneurial training and IPR facilitation
- Provide fab lab and rapid prototyping for startup activities
- Ensure interaction between education and industry
- Alignment of innovation with exact market demands
- Active involvement of the academia in the technology start-up activities
The incubation facility at AIC-PECF is spread over an area of 10,000 sq.ft to accommodate start-ups, in the areas of
AIC-PECF provides technical services that include R & D activities, Product development, Re-engineering, Calibration and testing facilities, Quality assurance and Market Research to the entrepreneurs. The entrepreneurs can also utilize the various Centers of Excellence of Pondicherry Engineering College. The services provided by AIC-PECF include:
- Electronics Design and Manufacturing(EDM)
- Advanced Robotics (AR)
- Unmanned Aerial Vehicle (UAV)
- Internet of Things (IoT)
AIC-PECF provides technical services that include R & D activities, Product development, Re-engineering, Calibration and testing facilities, Quality assurance and Market Research to the entrepreneurs. The entrepreneurs can also utilize the various Centers of Excellence of Pondicherry Engineering College. The services provided by AIC-PECF include:
- Infrastructure Support
- Innovation Support
- Rapid Prototype Development
- Hardware & Software Support
- Mentoring
- Networking
- Connectivity
- Learning Resources
The scope of this document is to define the policies and procedures for the startup incubation process related to AIC-Pondicherry Engineering College Foundation.
