Science & Technology Entrepreneurs’ Park (STEP-GNDEC)

Facilities available at STEP-GNDEC:

  • Working space on subsidized rates in the form of “Nursery” sheds, Work Cabins for the budding Entrepreneurs.
  • Knowledge Park with offices & co working space  available for setting up of IT related entrepreneurship.
  • Thrust areas of IT (Software, Web, Android & iPhone applications), (Hardware: Manufacturing Technology, Agricultural implement) and  (Agritech – Organic Farm).
  • Conducting various Programme Such as Entrepreneurship Awareness Camps, Entrepreneurship Development Camps, Women Entrepreneurship Development Camps, Technical Entrepreneurship Development Camps, Faculty  Development Camps & Skill Development Training Programs, 
  • Imparting Diploma in Regular Mode, Under Autonomous Status of Guru Nanak Dev Engineering College ( DCA, DBA, PGDCA, PGDBA & DFD)
  • Offering short-term courses in Fashion & Dress Designing, Tally etc.

Additional Facilities for Budding Entrepreneurs at (STEP TBI)

  • Mentorship
  • Incubation Space
  • Seed Money
  • Fab Lab
  • Computational secretarial support
  • Connect with MSME| Financial Institution

Technical Business Incubator – MSME

The MSME – Business Incubation Centre of STEP GNDEC College was initiated to provide a platform to assist and enable young entrepreneurs to initiate technology start-up companies for commercial exploitation of technologies developed by them. The MSME TBI of STEP GNDEC College also enables the budding entrepreneurs to showcase and test their abilities to run a start-up business. The center provides a range of resources that enables it to: Empower students, Faculty and Staff to pursue entrepreneurial achievements that improve people’s lives, drive the economy and help Innovators Bridge the gap between inventor and venture capitalist. Provide grants for students to pursue their own ideas for companies and products. Support, Simplify and clarify student intellectual property transfer processes for students and the broader community. In view of the worldwide shortage of jobs (both government and private sectors) leading to unemployment problems and lack of proper utilization of human resources: the cell strives to identify talented youth to entrepreneurial works. The cell plans to organise various programmes for entrepreneurship development.

The Objectives of Technical Business Incubator (TBI)

  • Assist Prospective entrepreneurs in nurturing their technology ideas and promote successful corporate entity at pre-start up and start up stage.
  • Promote innovation among budding engineers trained by the institution.
  • To organize workshops participating successful entrepreneurs.
  • Commercialize the ongoing research undertaken by various departments of STEP GNDEC College.
  • Spot and nurture entrepreneurial talents from among the students of STEP GNDEC College.
  • To Catalyse and promote development of S&T Based Enterprises and promote employment opportunities.
  • To act as a forum for industries and organization to discuss, plan, develop and execute projects where they benefit from intellectual, instructional and h-tech infrastructure of STEP GNDEC College.

Activities of the Centre

The center actively creates an environment for the young graduates to test their business ideas with minimal risks.

The cell facilitates the following events for the young generation entrepreneurs:

  • To arrange series of entrepreneurship development programs and interactive sessions to promote entrepreneurship in the institute.
  • To arrange visits to industries for prospective entrepreneurs.
  • To facilitate the student teams to showcase their business idea to funding agencies.
  • To facilitate seed funding for the young entrepreneurs to test their business ideas with minimal risks.
  • To initiate start-ups within the campus by student community by applying their business idea.
  • To Transfer the technical know- how and assist the students in setting up entrepreneurial enterprises.
  • To inculcate the culture of “apply what you learn and earn while you learn” in the campus.

Scheme Highlights

Under “Support for Entrepreneurial and Managerial Development of MSME through Incubators” Scheme of MSME Govt. of India, Students can get funding support up to Maximum Rs.1 Crore per idea for prototype development from Govt. of India through business incubation center.

Entrepreneurship Road Map & Guidelines for Students:

STEP – 1   The Idea of Innovation:-  Come out with an innovative idea which is marketable. The Key ingredient of Entrepreneurship is “innovation” which could signify any activity or procedure or product that is likely to be of use to society and therefore marketable in the long run.

STEP – 2  Equip Yourself for the Show –

  • Learn about the entrepreneurship development.
  • Participate in the entrepreneurship development program.

STEP – 3   Form a team –

  • Form a Team with like minded and passionate candidates.
  • Identify faculty mentor to guide you.

STEP – 4   Test Your Idea  –

  • Present your idea before BI Sub-Committee for approval at the college level.
  • If you get the approval from BI Sub-Committee then be ready for the next scheduled presentation of Ministry of Micro Small & Medium Enterprises (MSME).
  • If idea gets the approval for seed funding make use of the seed funding and Implement your business idea.