NEW AGE INCUBATION NETWORK
Karnataka ICT Group (KIG 2020) was formed under the leadership of Mr. Mohandas Pai and Mr. B V Naidu which was charted to develop Karnataka’s roadmap to undisputed global leadership in ICT by the year 2020.In the state budget 2013-14 it has been announced as follows “To encourage entrepreneurship and innovation it is proposed to establish incubation centres in ICT sector in association with selected engineering colleges at district headquarters.”
The program is designed to give preference to students, research scholars and alumni of the chosen colleges compared to those from other colleges in the district. The program will be more tuned to students and alumni from emerging ICT centres catering to the problems of local needs rather than following the incubation centres in big cities that look at global problems.
The current incubation models that are prevailing are infrastructure support incubation centres or academic focused incubation centres. However it is essential to create new age incubation centres at all the 7 centres with the active support of the industry. Some of these incubation centres can be further strengthened to focus more on IP/Product development as “Innovation centres”
Entrepreneurship development and mentoring is one of the ten initiatives of KIG 2020 for creating new opportunities and jobs. One of the tasks under this head is to build ‘Karnataka New Age Incubation Network’ to be located in the chosen colleges that are in the nine emerging ICT centres.
- The main objective of NAIN Scheme is to encourage students, research scholars and alumni to share their ideas to solve chosen problems which are local centric and to validate, Refine and Nurture the ideas.
- Incubation Center shall provide an eco system to covert the ideas in proof of concept and upgrade them to a level of commercial value.
- After successful incubation, encourage and lead the teams towards setting up a Business enterprise.