NEW AGE INCUBATION NETWORK (NAIN)
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.
NAIN OBJECTIVES
- 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.
K-tech District Innovation Hub @AITM
Inauguration of K-tech District Innovation Hub (NAIN) was held at Angadi Institute of Technology and Management (AITM) on 29.12.2022 by Dr. C. N. Ashwathnarayan, Honorable Minister of Electronics , Information Technology- Biotechnology, Science and Technology, Higher Education, Skill Development, Entrepreneurship and Livelihood of Karnataka.
K-tech Innovation Hub is an opportunity for AITM students which provide a fund upto 30 Lakh rupees for 10 proposal submitted. Students can utilize the fund for elevating their project and can begin with their own startup.
Dr. C. N. Ashwathnarayan highlighted that Karnataka has established its position in the sphere of Digital Technology thanks to Fintech technology. Karnataka is ranked second in the nation due to Unicorn Startup, which has applications in the fields of social media, information technology, and artificial intelligence and for Indian youth, Karnataka has been a centre for IT and BT.
Dr. C. N. Ashwathnarayan Sir, the chief guest, said in his address to the AITM students that the youth of the nation are looking to India with great optimism today and that they should utilize the K-Tech facility to create a better future and society.
The guest of honour, Dr. Vidyashankar S., vice chancellor of VTU Belagavi, expressed his appreciation for the management of the K-Tech facility and his conviction that the K-Tech lab will give students a glimpse into the future of education and give them the opportunity to have a successful future.
With the special fusion of science, technology, and young strength, India would become a powerful nation, stated Dr. N. Shivashankar, IAS, Managing Director, Electronics IT, BT, GoK, Bengaluru. Sir also provided information about the K-Tech facility and how it benefits the students and the community.