For the establishment of the Centre for Technology Entrepreneurship (CTE) at the BVB College of Engineering and Technology here, members of the college’s alumni association announced donations to the tune of Rs. 70 lakh.
This was brought to light during the BVB College’s Global Alumni Meet held in the J.N. Tata Auditorium, Bangalore, on Tuesday, in which over 500 alumni from over the world participated.
The estimated cost of the centre is Rs. 1.5 crore. The centre aims to improve the socio-economy of the region and stop the migration of engineers.
Among those present were KLE Society chairman Prabhakar Kore; Chairperson of Infosys Foundation Sudha Murty; former Minister Murugesh Nirani; and director of technical education H.U. Talwar.
Elaborating on the objectives of the centre, college principal Ashok Shettar said the centre would help young entrepreneurs in their start-ups, and also include an ‘incubation centre’ required for their companies to survive and grow.
Prof. Shettar said the start-ups would be provided an integrated package of workspace, shared office services and access to specialised equipment. Students’ groups, during their final year, would also be provided the necessary facilities at the centre, he said.
Addressing the gathering Ms. Murty, who is also an alumnus of the college, highlighted the need for alumni to contribute in some way to meet one’s obligations to the alma mater.
The Centre for Technology Entrepreneurship would help young entrepreneurs in their start-ups: BVB college principal