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"Access to world market will nurture entrepreneurship"

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BOOST TO BUSINESS: R.M.P. Jawahar, Executive Director, TREC-STEP, having a word with V.S. Ramamurthy, second from right, Chairman, Board of Governors, IIT-Delhi, in Tiruchi on Tuesday. (Left to right) H.K. Mittal of Department of Science and Technolo gy, and M. Chidambaram, Director, National Institute of Technology, Tiruchi, look on. Photo: M. Moorthy
BOOST TO BUSINESS: R.M.P. Jawahar, Executive Director, TREC-STEP, having a word with V.S. Ramamurthy, second from right, Chairman, Board of Governors, IIT-Delhi, in Tiruchi on Tuesday. (Left to right) H.K. Mittal of Department of Science and Technolo gy, and M. Chidambaram, Director, National Institute of Technology, Tiruchi, look on. Photo: M. Moorthy

Staff Reporter

`EU - India Conference: Incubating NEXT Ventures' under way

TIRUCHI: Access to world market and technology in a globalised scenario provides the right backdrop for nurturing entrepreneurship, V.S. Ramamurthy of the Department of Atomic Energy Homi Bhabha Chair and Chairman, Board of Governors, IIT, Delhi, said.

Prof. Ramamurthy suggested initiation of children into economically productive activities through a play-way approach at the school-level to usher in the culture of entrepreneurship, after inaugurating a three-day `EU - India Conference: Incubating NEXT Ventures' organised by the Tiruchi Regional Engineering College Science and Technology Entrepreneurs Park (TREC-STEP), here on Tuesday.

He saw a positive trend in youths venturing into technology-based activities.

Advantage SSIs

Small-scale entrepreneurs, he noted, enjoyed the advantage of higher risk- taking capacity, owing to low overhead costs.

Such conferences would provide a direction for technology-based incubation of innovative venture.

Networking with other institutions, which would provide insights into different environments, technologies, and markets, was vital for creation of a new scenario to foster entrepreneurship.

Presiding over, the Director of National Institute of Technology, Tiruchi, M. Chidambaram, emphasised that technical education must nurture entrepreneurship through incorporation of products, processes and market system and facilitate technical workforce to generate employment.

He called for conversion of knowledge into enterprise mission in the wake of globalisation opening up new avenues.

H.K. Mittal, Advisor and Head, National Science and Technology Entrepreneurship Development Board, Department of Science and Technology (DST), spoke of the department's association with the EU for promoting entrepreneurship and public-private partnership.

Peter Harman, Deputy Chief Executive Officer, UK Business Incubation Ltd, Rolf Friedrichsdorf, Deputy Chairman, German Technology and Business Incubators Association, Olle Stenberg, Chairman, Swedish Incubators and Science Parks, and Gerard Bonnes, Vice-president, CICOM, Sophia Antipolis, France, spoke.

The speakers saw high prospects for growth in entrepreneurship through cultural partnership.

The Executive Director, TREC-STEP, R.M.P. Jawahar, also addressed the gathering.

The conference is a core component of the comprehensive project on Business Incubator cooperation and networking.

It is aimed at knowledge sharing in business incubation and cross-cultural venture promotion between start-ups and growing companies of India and Europe.

Matchmaking supports for successful partnerships between EU and Indian business incubators are planned under the project.

For the first time, four national associations from Germany, United Kingdom, Sweden and India have come together to unveil a set of new project initiatives.

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