MSME HOST INSTITUTE/ BUSINESS INCUBATOR

Matrusri Engineering College is approved by Ministry of Micro, Small & Medium Enterprises, as the Host Institution (HI) / Business incubation Center on 25.03.2021, with Regn.No. : HIBIT000862

Objective: This center acts as a platform to encourage the students and the faculty members to come out with innovative ideas and convert them into new products. The students will also have the experiential learning so that the objectives of the National Education Policy 2020 is fulfilled.

Scheme: “Support for Entrepreneurial and Managerial Development of SMEs through Incubators”. Under this scheme Government of India is providing opportunity to the individual innovators in developing ideas and converting them into new products which can be commercialized.

Funding: The Ministry of MSME provides financial assistance up to 85 % of the project cost, up to the maximum of 15.00 Lakhs. This fund is routed through the Host Institutions (HIs).

Outcome:  As part of MSME hackathon 2022, 20 proposals were received by MEC- BI, from which 10 proposals were shortlisted, as per the guidelines of MSME and uploaded for next round of selection.

Out of the 10 proposals, 2 proposal were selected by MSME and sanctioned Rs.4.8 Lac amount for development of the products (as per their email dated 30.06.2022)

MSME Certificate: