TIRUCHI: A technology incubator building, a dedicated facility for promoting knowledge-based and high growth start up industries, will be opened at the Tiruchi Regional Engineering College-Science and Technology Entrepreneurs Park (TREC-STEP) here later this week.
The building, with about 18,000 square feet of built up area, will provide modular incubation space for young entrepreneurs starting new business ventures in high technology areas.
The building houses a design theatre, with latest software, hardware and networking facilities, and a knowledge centre. The design centre will greatly benefit new entrepreneurs as they could design their product proto-types before going for commercial production, R.M.P. Jawahar, Executive Director, TREC-STEP, told reporters here on Wednesday.
The facility, built with an investment of about Rs.2.80 crore, will be declared open by Union Finance Minister P. Chidambaram on September 8. The facility has been funded by multiple donors including the Union Ministry of Small Scale Industries, the Department of Science and Technology (DST), InfoDev programme of the World Bank, the Tamil Nadu Small Industries Development Corporation and the State Government.
The DST has provided Rs.98 lakh for providing hardware and software at the design theatre and the Union Ministry of Small Scale Industries has contributed Rs.100 lakh for the building.
With Tiruchi core competency being engineering/fabrication, the facility will be useful for existing industries and as well as start-up companies which specialize in design solutions. The facility will also be used for training engineering designers and students.
The knowledge centre will include a well-stocked ‘venture library’ for providing technology inputs. A dissemination auditorium will provide a platform for interactions, seminars and conferences.