The main objective of the scheme is to encourage students, research scholars and alumni to share their ideas to solve chosen problems which are local centric and to validate, refine and nurture the ideas.
Incubation center established in college premises will provide an ecosystem to convert the ideas into proof of concept and upgrade them to a level of commercial value.
Overview of the scheme:
Each student/alumni team shall identify Regional and Local problems (unmet needs) that can be solved with ICT (Information and Communication Technology) solutions.
Proposal and approval:
Each team after identification of the problem shall refine the ideas and convert them to project proposals along with costing and other details. Such project proposals are then placed before and reviewed by steering committee and funding will be sanctioned after the approval of the screening committee.
Each team shall be assigned a mentor; through mentor network during the execution of the project and the mentors shall guide the teams in carrying out their project as per guidelines.
The College/Mentor shall review and monitor the progress of the project during the execution stage and submit the reports to screening committee.
Funding for each project:
Each project/idea selected by the college/incubate team shall have to be approved by the steering committee. The selected project/team will directly get a maximum funding of Rs.3.00 lakhs in two equal half yearly installments beginning at the time of incubation.
Subsequent installment to be released upon timely adherence according to project plan.
The fund released shall be used for project related expenses on pre-approved basis for project specific costs as outlined in the project plan document.