(Promoting Innovative Ideas and Sharpening Entrepreneurship Acumen – Scheme of “Support for Entrepreneurial and Managerial Development of SMEs Through Incubators”).
Vardhaman College of Engineering was approved by MSME as the Technology Business incubation Center / Host Institutions (HI) in the year of 2018.
Under this scheme Government of India is providing opportunity to the individual innovators in developing and nurturing their new innovative ideas for the production of new innovative products which can be sent in to the market for commercialization.
The Ministry of MSME provides financial assistance upto 85 % of the project cost up to the maximum of 15.00 Lakhs. This fund is routed through the Business Incubator (BIs).
Host Institutions (HI) are exploring the new innovative ideas from the Incubatee of various sectors that may be existing and prospective entrepreneurs.
Even the students from the various streams are also participating in nurturing their new ideas through the Host Institutions as a part of their studies and carrier building.