Veerappa Nisty Engineering College, Shorapur
Kalyana Karnataka Incubation Center
To support and inspire local entrepreneurs in developing sustainable energy enterprises that deliver need-based solutions to underserved communities.
Veerappa Nisty Engineering College, Shorapur started the “Kalyna Karnataka Incubation Centre” for nurturing and overseeing innovation and entrepreneurship. The aim is to encourage entrepreneurship among locals with the colleges serving as focal points. It is a platform for nurturing, encouraging and developing innovation and entrepreneurial skills among its students, research scholars and alumni, as well as students of the region.
Entrepreneurship in India is on the verge of explosive growth. Angel investors, venture capital, media, startup clubs, service providers, mentors and training companies are going to grow. And one important cog in the wheel is the incubator – the place where startups are born. When a baby is born, he/she is kept in the incubator for first few hours and maybe days – this gives them a chance to adjust to outside environment, and grow stronger before they face the outside world ! In a similar way, a startup is incubated in Incubation Center, which gives them a chance to bring their business in shape, before they reach out to the world.
Incubation Centre is a space for new age entrepreneurs and young minds to transform their innovative ideas into viable business propositions. Our primary vision is to facilitate a platform for a budding entrepreneur to start a business venture with minimum risks. Incubation will ensure that incubates have access to technological assistance which will be generated through mentors with multidisciplinary expertise. We encourage young enthusiasts with creative pursuits with an inherent zeal to be entrepreneurs to take advantage of this novel initiative.
The mission of Incubation Centre is to nurture and empower the next generation entrepreneurs to serve the local problems. The students, alumni of VNEC,local industries and also students of the Kalyana Karnataka districts can come up with their ideas which might lead to the startup.
The VNECS Kalyana Karnataka Incubation center utilizes VNEC shared resources, management expertise, intellectual capital, and bottom-up learning over the past 10 years to enhance the capacity and vision of potential incubatees.
✔ Access to working capital
✔ Access to innovation funding
✔ Access to end-user credit
✔ Geographic and supply chain constraints
✔ Availability of trained workforce
✔ Understanding needs of the poor
✔ Lack of defined poor centric products
✔ Poorly formulated policies
✔ Social mission retention and scale-up
✔ Transfer key elements and learning of K2IC or related models and processes
✔ Mentoring and business process/planning support to help establish the opertions
✔ Support for creation of appropriate ecosystem
✔ Support for development of business plan and enabling to seed and later stage capital
We incubate enterprises across the country, with special focus on Hydrabad Karnataka (Kalyana Karnataka) region of karnataka state and the North karnataka state. We also engage with enterprises of varying sizes(Micro, Small and Medium) and at different stages of growth.
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