Media Release

Karkala, Mar 11: Nitte Education Trust is among the top 50 reputed institutions in the country selected by NITI Aayog for setting up Atal Incubation Centre under Atal Innovation Mission (AIM) scheme, Government of India.

NITI Aayog has sanctioned Rs 9 crores to Nitte Education Trust for setting up a full-fledged incubation centre at Nitte, of which Rs 2.5 crores has been received as the first instalment.

Atal Incubation Centre - Nitte, provides start-ups with valuable guidance, technological aid, access to investors, networking and helps in facilitating a host of other services required for start-ups to survive and scale. Start-ups also receive direction through the robust chain of mentors who give sector-specific information and real-time practical guidance. Further, the Centre will also support the existing Micro, Small and Medium Enterprises (MSME) in the region through appropriate intervention strategies like training, consultancy, mentoring, business development, diversification, technology transfer and up-gradation. The Centre would network with industry associations and trade bodies to identify research, training, education, consulting and development needs of the MSME sector.

The Centre will also coordinate with other reputed institutions in the country and abroad to provide training to the entrepreneurs for their skill or technology up-gradation. AIC - Nitte will provide access to information resources and databases for competitive intelligence, market research, patent and trademark search. The Incubation Centre has ready to use 10,000 sq ft space for incubation facilities comprising of product development, training, conferencing and co-working, in which budding entrepreneurs who want to create start-ups in the areas of agriculture, biotechnology and ITCs could be enrolled as incubatee and nurture their innovative ideas.