MSME ASPIRE Scheme (A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship)

ASPIRE Scheme was launched in 2015 to set up a network of technology centres and incubation centres to accelerate entrepreneurship and to promote start-ups for innovation and entrepreneurship in agro industry. ASPIRE scheme promotes District level Incubation and Accelerator Programme for incubation of new ideas and providing necessary support for accelerating entrepreneurship.  ASPIRE Scheme also provides necessary skill set for setting up business enterprises and also to facilitate the market linkages available to entrepreneurs and to provide hand holding for a critical period to ensure self-sustainability.

Technology Business Incubation Centre (TBI)

Under ASPIRE Scheme MSME permits setting up of Technology Business Incubation Centre(TBI) , one-time grant of 50% of cost of plant and machinery other than the land and infrastructure or an amount up to   INR 30 lakh whichever is less to be provided for the existing incubators to set up incubators in agro-based industries, whereas, in case of new incubation centres to be setup, one time grant of 50% of cost of plan and machinery other than the land and infrastructure of INR 100 lakh, whichever is less to be provided.

Sri Venkateswara college of Engineering and Technology (SVCET) Technology Incubation Centre (TBI)

The Ministry of Micro, Small and Medium Enterprises has sanctioned a grant of Rs. 39.98 lakh to set up a new TBI Centre in Sri Venkateswara College of Engineering and Technology (Autonomous). The sanctioned fund can be utilized towards plant and machinery for various innovative projects developed by the students attached to the Technology Incubation centre of the SVCET. The ministry of MSME identified SVCET for setting up an incubator centre to promote innovative ideas of engineering students, technocrats and industrialists by granting financial and technical support.

Objectives

  • To facilitate government, private organizations and academic institutions in conducting research activities in Sustainable technologies and develop competencies to leverage innovation and creativity in achieving the Economic Development.
  • To develop sustainable technologies and roadmap to improve rural development, economic development and specific communities of the society like rural youth, farmers and women etc.
  • To provide value based solutions to challenges being confronted by the rural and economically backward populations.
  • To impart technical skills to rural youth and other communities by initiating Entrepreneurial certification programs.
  • To develop road map for integrating global ideas and initiatives in various business sectors like food and agro bio tech, biotechnology, alternative energy, educational technologies etc.

Focus Areas

  • Development of new age equipment’s for farming i.e., advancements in technology, including sensors, devices, machines, and information technology.
  • Developing drone technology an unmanned aerial vehicle applied to farming in order to help increase crop production and monitor crop growth.
  • Developing artificial intelligence, internet of things and automation in agriculture sectors.
  • Pervasive automation development in the agriculture technology industry, like plug and play model, so that that to reduces operator workload.
  • Improving the technologies for reducing water usage in farming like improved operation, better management and efficient use of irrigation water– ranging from simple syphon tubes for field water application to sophisticated canal automation and telemetry.
  • Implementing new technology in farming like computer monitoring system, GPS locators, self – steer programs allow the most advanced tractors and implements to be more precise and less wasteful in the use of fuel, seed, or fertilizer.
  • An innovative decision support program called water administration system (WAS) will be developed so as to replace existing manually operated distribution system.
  • To develop innovative decision support system with sophisticated information and communication technology in water management.
  • Developing new and innovative business models for marketing of farmer produce.
  • Identifying gaps and developing or indigenous technologies that will improve overall process efficiency from production, processing and to consumer needs.

Infrastructure/Facilities in SVCET TBI

High Speed Internet Connectivity, Video Conference Room with High-end Equipment integrated with Google Hangout, Skype etc. Dedicated Seminar Hall, Board Room, Meeting / Discussion Room, Training Room, Common Reception, Indoor / Outdoor Sports, Open Air Cafeteria / Food court, Waiting Lounge Integrated with Relax Room, Guest Room, Pick & Drop Transport Facility.

Machinery and Material in SVCET TBI

Dell Inspiron 7570-core i7 Processor, Dell Desktop (Assembled) Intel 7 Generation, Light Duty- lathe machine LDI, Lathe Machine CD 6241X 1000, Maker bot Replicator MINI plus 3D Printer, Makita DBM 131 Diamond Core Drill 130mm 1570 RPM 1700W, BOSCH Arc Welding Set, BOSCH 2608030057 Machine Vice Ms 100G Industrial Use, Industrial Welding Face Mask, Industrial Gloves, Tillage and bed/land preparation tools (Plough, Yoke, Wooden hammer, leveller, Pick Axe), CNC Milling Machine.

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Training Programs in SVCET TBI

Two weeks Student Training programs are conducted in the field of Innovation, Entrepreneurship and Prototyping.

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