KR Innovation Centre

In their own words

In the host institution of the National Engineering College, Kovilpatti, our MSME approved Business Incubator NEC-BI (KR Innovation Center) is a significant element to enhance the reputation of 4 Southern districts of Tamil Nadu (collectively Kanyakumari, Tirunelveli, Thoothukudi, and Tenkasi). As a progressive and future-thinking place, NEC-BI encourages and supports local and regional innovative technology companies. Within a radius of 100 km from our venue, there are approximately 80+ Technical Institutes and our BI is the central hub for creating technology start-ups, as there is no other TBI within our scope. The mission of the incubator is to stimulate the establishment and growth of technology-based start-up companies. Our MSME incubator will contribute a minimum of 2000+ direct and indirect employment over a 10-year cycle by fulfilling this goal, and would provide the community with better economic health. We create values by combining the local entrepreneurial spirit of start-ups by providing them with the necessary resources that are needed for the establishment of new technology businesses. In the next five-year cycle, we expect to incubate at least 50 technology start-ups and are currently incubating 12 start-ups that are also registered as MSME units. Our business incubator plays an influential mediating role in providing start-ups and emerging entrepreneurs with networking resources, capital support, and training programs that are essential for entrepreneurship growth. NEC-BI now has 15,000 sqft of built-up space devoted to all innovators and entrepreneurs in our city. Free co-working room for young developers, versatile corporate incubation rentals, the common use of common office facilities and labs are included in this facility. We offer direct business assistance, lab facilities, entrepreneurship training programs, Start-up awareness camps, innovation workshops, critical & creative thinking courses, career guidance, mentoring, networking, and other knowledge-sharing activities. Meetings, Startupathon, Hackathon, Project Contest, and Competition for Business Concept are also held regularly. As a Section 8 non-profit entity, the incubator is organized as a National Educational Charitable Trust Special Purpose Vehicle (SPV) and is the most fitting legal entity to fulfill our mission and to position our technology incubator to accept grants and charitable donations. The incubator is governed by a board of members with a mixture of entrepreneurial and Business experience, representatives of higher education and technology institutions, corporate professionals, farmer community, and also representatives of key charitable organizations in our community. Our Incubator has a visionary CEO to deliver value-added resources needed to help start-ups and budding entrepreneurs, staffed by world-class technology management experts. We found our strength and diversity in the Agriculture sector and hence we feel that the development of specialized Lab facilities for hardware, software, and mechatronics would be an Ideal recipe for nurturing Agritech based startups in our local region. This would offer the greatest economic benefit to the 4 Southern districts of Tamil Nadu, which are predominantly agrarian society. We have identified that our Incubation facility is a strong candidate for developing and administering both service and product-based incubation programs related to Agritech.

Published by the organisation on its Startup India profile. Not verified by us.