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PSG-STEP

Connecting Innovation & Entrepreneurship - Role of PSG-STEP. PSG-STEP. Accelerating entrepreneurs. …. About PSG & Sons Charities. PSG & Sons’ Charities started in the year 1926 Celebrating its 80th anniversary in 2006

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PSG-STEP

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  1. Connecting Innovation & Entrepreneurship - Role of PSG-STEP PSG-STEP Accelerating entrepreneurs

  2. … About PSG & Sons Charities • PSG & Sons’ Charities • started in the year 1926 • Celebrating its 80th anniversary in 2006 • Vision started with one school and today 24 educational and medical institutions are under PSG Trust PSG-STEP Accelerating entrepreneurs

  3. … ABOUT PSG-STEP • Established in the year 1998, with the support from • PSG • DST, Govt. of India • ICICI and • IDBI • Host Institute - PSG College of Technology • Established in the year 1951 • An autonomous, accredited, ISO 9001 Institution PSG-STEP Accelerating entrepreneurs

  4. … GENESIS • To provide an atmosphere for innovation and entrepreneurship • Active interface between academics and industry • Handholding entrepreneurs from Idea to Commercialization Accelerating entrepreneurs PSG-STEP

  5. … MILESTONES ACHIEVED • More than 100 start-ups were incubated from PSG-STEP since 1998 • Received the “Best STEP” award from Ministry of Science & Technology, Government of India • Consulting Assignments : Surveys, Technology Development, Time & Motion Studies, ERP & MIS PSG-STEP Accelerating entrepreneurs

  6. … MILESTONES ACHIEVED … • 3 PSG-STEP companies are ISO 9001:2000 certified, 1 assessed at CMM Level 4 • Corrosion Management Services awarded the NACE – India Section Award for Excellence in Corrosion Software • One company obtained VC funding and 6 PSG-STEP assisted start up companies were acquired / merged PSG-STEP Accelerating entrepreneurs

  7. … Handholding of Innovators • Infrastructure Support • Entrepreneur Advisory Clinic • Mentoring Support • Networking • Outreach Centres PSG-STEP Accelerating entrepreneurs

  8. … Infrastructure Support • Incubator • Total Incubator space - 30,000 sq.ft • Space - from single table to max. 3000 sq.ft • Hardware / Software Support • Shared Data Connectivity • Voice Connectivity • Seminar Halls • Common Office Facilities Accelerating entrepreneurs PSG-STEP

  9. … • Product Development Centre • Rapid Prototyping Machines - Stainless Steel / ABS Plastic / Nylon / Glass filled Nylon • Laser Scanning Facilities - for reverse engineering • Rapid Tooling - Vacuum Casting • Virtual Reality for Virtual Prototyping • Machining Centres - Horizontal / Vertical / Universal Infrastructure Support . . . Accelerating entrepreneurs PSG-STEP

  10. … Infrastructure Support . . . • Centres of Excellence • More than 25 Centres of Excellence in different technology areas established by PSG College of Technology assists the new innovations. Accelerating entrepreneurs PSG-STEP

  11. … Entrepreneur Advisory Clinic To counsel entrepreneurs on • Technology • Project • Infrastructure • Technical Upgradation / Modernisation • Funding with an ascent on the potential, background and capability of the entrepreneur Accelerating entrepreneurs PSG-STEP

  12. … Mentoring Support • Technical Support • The incubatees / innovators can utilise the faculty expertise of PSG College of Technology for • Idea Validation • Design Inputs • Technical Feasibility Analysis • Lab Testing Accelerating entrepreneurs PSG-STEP

  13. … Mentoring Support Business Development Support • PSG-STEP extends support for • Licensing / Patenting the Technology • Market Information / Surveys • Participation in the Exhibitions • Organising Thematic Workshops • Lab Testing Accelerating entrepreneurs PSG-STEP

  14. … Networking PSG-STEP has a strong network to benefit the incubatees. • Government Agencies District Industries Centre Small Industries Service Institute • Financial Institutions SIDBI TIIC Commercial Banks Accelerating entrepreneurs PSG-STEP

  15. … Networking … • Industry Associations South India Engineering Manufacturers Association (SIEMA) Coimbatore District Small Industries Association (CODISSIA) Confederation of Indian Industry (CII) • Entrepreneurship Institutions Entrepreneurship Development Institute of India (EDII) NGOs promoting entrepreneurs Entrepreneurship Development Cells (EDCs) Accelerating entrepreneurs PSG-STEP

  16. … Outreach Centres • Technopreneur Promotion Programme (TePP) Outreach Centre Joint initiative of Department of Scientific & Industrial Research (DSIR) & TIFAC To support innovations with a grant ranging upto Rs.10 lakhs. PSG-STEP Accelerating entrepreneurs

  17. … Outreach Centres … • Nodal Institution for L-RAMP for Innovators Joint initiative of Lemelson Foundation, USA & IIT Madras. To support grassroot innovations with a grant ranging from Rs.25,000 to Rs. 25 lakhs. PSG-STEP Accelerating entrepreneurs

  18. … Achievements Accelerating entrepreneurs PSG-STEP

  19. THANK YOU …

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