Our Objectives

he main objective of AKSU MSME BIC (Business Incubation Center) is to create jobs at local level and reduce un-employment by creating a favourable ecosystem for entrepreneurial development in the country. The main focus area under the livelihood incubation is to take up those commercial activities, which are need based to create enterprises in the rural areas of the country. The AKSU BI program will be implemented as follows:

•  To set up business incubators so that eligible youth can be adequately incubated in various skills and be provided the   opportunity to set up their own business enterprises;

•  To impart entrepreneurship, and skill development training to youth;

•  To provide mentoring and hand holding with facilitation for funding with a view to
  empower them to set up own business enterprises.

• To promote new low-end-technology/vocal-for-local prior business models.

About AKSU MSME BIC Board

An Institute level Empowered Committee on AKSU Business Incubation Center Board, has been constituted for the management of AKSU MSME BIC. The AKSU MSME BIC Board would be responsible for among other things:

•  Finalization of the Membership criteria and terms and conditions (including space utilization fees.

•  Screening of applications from prospective clients and final selection.

•  Periodic monitoring of progress of members and review of their performance.

• especially relating to technical collaboration with AKSU faculty/depts.

• All matters relating to interaction between the AKSU MSME BIC members and AKS University system, including those concerning sharing of resources etc.

In short, the AKSU MSME BIC Board will have full authority over all matters pertaining to AKSU MSME BIC, including that of revoking the membership of a Resident Company if it fails to fulfil the laid down criteria of eligibility or deviates significantly from its original plans and commitments.

Why AKSU MSME BIC ???

Business incubators are a powerful economic development tool, which promotes growth through innovation, and application of technology, support economic development strategies for small business development, and encourage growth from within local economies, while also providing a mechanism for technology transfer. The Technology Business Incubators would primarily focus on those technologies, which needs support for commercialization and further proliferation. These can act as a growth driver in the low-end spectrum of the incubation eco-system. The components under the program will include mentoring support in business and technology plans, networking of business resources, entrepreneurship cum skill development, identification of appropriate technology, hands on experience on Projects, Projects/ Products selection, project report preparation, credit facilitation, seed capital assistance, marketing assistance, professional assistance to make the enterprise successful and achieve higher growth. Technology based new enterprises are typically characterized as high risk and high growth ventures, and as such, they require an enabling environment like AKSU MSME Business Incubation Center to enhance the prospects of success.I