Micro, Small & Medium
Enterprises (MSME) INCUBATION Cell
In this scheme Government of India is providing opportunity to the 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. This Ministry has been implementing this scheme since 2008 under the approved guidelines which permits the Govt. GoI financial assistance of 75 % to 85 % of the project cost up to the maximum of 8.00 Lakh. This fund is routed through the Business Incubator (BIs).
Karpaga Vinayaga College of Engineering and Technology (KVCET) was approved by MSME as the Technology Business incubation Center/ Host Institutions (HI) in the year of 2019.
Host Institutions (HI) are exploring the new innovative ideas from the Incubate 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 career building.
Major Focus of MSME
To promote emerging technological based innovative ventures that seek the ideas from professionals.
To support the untapped creativity of individual innovators
To Encourage the Individual innovators to become technology-based entrepreneurs.
To promote networking and forging of linkages with other constituents of the innovation chain for developments.
Benefits to Students
To promote innovative ideas of engineering students, technocrats and industrialists by granting financial and technical support.