Over a lakh of students in both engineering and non-engineering students graduate every year in Kerala. There are a significant number of students who have valuable entrepreneurial ideas which do not germinate and grow to completion, for want of the necessary environment and support. Allowing students both engineering and non-engineering, to start working on innovative ideas even while in universities, colleges and polytechnics could contribute significantly to the growth of a robust entrepreneurial ecosystem in the State. Government of Kerala’s this big initiate to support home companies through a specific program for student start-up companies is appreciable.
Here is the first look at the new Student Entrepreneur policy of the State.
The government will categorize entrepreneurship at three stages
- Ideation stage: At this stage, an expert committee formed for evaluation of the ideas will interview each entrepreneur and analyze the business potential and feasibility.
- Teaming and company formation: At this stage, the team needs to register a private limited company or a limited liability partnership or a legally recognized entity.
- Prototype developed/ Business started: This is a stage when the product is ready for commercialization and needs to be certified by experts. If its a services business, the company must be legally recognized and should have started generating income according to the business plan.
Approved Incubators in Kerala
- Technopark TBI, Trivandrum
- NITK TBI, Calicut
- ITIH Tbi (Startup Village), Cochin
- College of Engineering TBI, Trivandrum
- Amritha TBI, Kollam
- Central Institute of Fisheries Technology TBI, Cochin
- NRI TBI, Kollam, Cochin & Calicut
Proposed Business Incubators
- National center of excellence for entrepreneurship to be set up by Kerala Government.
- Confederation of Indian Industries (CII)
- Pushpagiri- Medical TBI, Thiruvalla
- Care- Keralam- Ayurveda TBI, Trichur
All engineering colleges and government aided engineering colleges will be entitled to apply for TBI status
Selection
- Colleges will assign faculty members.
- University members will assign a coordinator.
- Additional Director in Charge of Supervisory Development Center, Kalamassery; will be designated as Entrepreneurship coordinator for Polytechnics.
- Student entrepreneurs will have to apply to approved TBIs.
- An expert committee will review the companies periodically.
Grace marks and attendance
Grace marks and attendance will be provided by the universities to the student entrepreneurs who are being incubated in the approved TBIs based on the following board guidelines.
Duty leaves will given with the permission of head of the institutions.
Stages Grace Marks Attendance
Ideation 1 % 5%
Teaming & Company 1 % 5%
Prototype/Income 2 % 10%
If you win major prizes, you stand to get 2 % grace marks in the corresponding semester. These details will be available on university websites soon.
how can i apply???