Foundation for Innovation and Technology Transfer (FITT) Workshop

Foundation for Innovation and Technology Transfer (FITT), a research institute of IIT Delhi, organized a seminar on Venture Funding at Punjab Engineering College, Chandigarh on 6th December 2018. The PEC Director Dr. Uma Batra, EIC coordinator Dr. Anju Singla and Adjunct Faculty of Centre of Excellence in Industrial and Product Design Dr. Rakesh K. Sharma, along with the interested students were a part of the discussion on scope and requirement of incubation and entrepreneurship which was led by the Guest Speaker from FITT, Dr. Ashutosh Pastor.

The panel started the discussion with a brief talk on the parameters for funding proposals like innovation, eligibility, relevance, marketing strategy and team coordination, after which Dr. Ashutosh introduced various funding schemes like BIRAC, PIFER and Nidhi SSS (Seed Support Scheme) by FITT. Various ways to reinvent the college incubation cell and steps to incentivize students to be active members of the process were also brought up. Students who took an elective course on Venture Development also gave a presentation on their respective start-up ideas and garnered praise from the audience.

The seminar ended with the encouraging words of Dr. Ashutosh, through which he cheered on the students to step into the world of entrepreneurship by giving the examples of different bio-tech startups which are doing exceptionally well in their respective fields. The workshop is expected to give a boost to the aspirations of budding engineers and entrepreneurs at PEC.

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