GMR Institute of Technology is identified as a Business Incubation Center under the Scheme of "Support for Entrepreneurial and Managerial Development of MSMEs through Incubators" of the Ministry of MSME, Government of India.
GMR INSTITUTE OF TECHNOLOGY is identified as Business Incubation Center under the Scheme of "Support for Entrepreneurial and Managerial Development of MSMEs through Incubators" of Ministry of MSME, Govt of India.
The main objective of the scheme is to promote and support untapped creativity of individuals and to promote adoption of latest technologies in manufacturing as well as knowledge-based innovative MSMEs (ventures) that seek the validation of their ideas at the proof of concept level.
Such entrepreneurial ideas have to be fostered and developed in a supportive environment before they become attractive for venture capital.
Hence, the need arises for incubation centres: to promote and support untapped creativity of individual innovators and to assist them to become technology-based entrepreneurs.
Supporting innovation, experimentation and technology-based entrepreneurship
There onwards, the institute is working to support students try out their innovative ideas (processes and products) at the laboratory or workshop stage and beyond, to the extent possible, to carry forward the idea from its mere conception to 'know how' and then to 'do how' stage.
To conduct Innovative Idea competitions among the students and prospective entrepreneurs from the community.
To encourage students to participate in national/international level Innovative Idea competitions.
To select the best Innovative Ideas through management review committee.
Recommend and forward the selected Innovative Ideas to MSME for funding.
To mentor and assist in completing the approved/sanctioned Innovative Ideas by MSME.
To enable students to develop technology-enabled ideas and products contributing to society and nation building.
Supporting students through the journey of innovation and technology development
Supporting students in developing innovative ideas and concepts.
Helping students experiment and develop their ideas at laboratory and workshop stages.
Supporting the transition of innovative concepts towards technology-enabled products and solutions.
With the opportunity given to GMRIT, students are enabled to come out with the best possible technology-enabled ideas and products.
These initiatives are aimed at contributing to society and to nation building at large by providing a supportive environment for innovative ideas and entrepreneurial development.
Supporting innovative ideas from conception through development towards technology-based entrepreneurship.