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April 22, 2018

IMMT proposed incubation center for free of cost skill development of young entrepreneurs

Bhubaneswar : To promote use of technological breakthroughs among general public the Institute of Minerals and Materials Technology (IMMT) has proposed to set up an incubation centre in its premises for young entrepreneurs here. At the centre to be set up in collaboration with the Centre and the state government IMMT will facilitate entrepreneurs with technical know-hows and also provide skill training.

“A number of new technologies and research outcomes from our institute cannot be used by the general public. In the incubation centre we will facilitate entrepreneurs who can start their business by using these breakthroughs and will also provide them required skill training free of cost,” said director IMMT, Sarat Kumar Mishra. An estimated investment of Rs 50 crore for the establishment of the centre has been planned, he added.

Mishra said, they have planned to take help of various industry bodies like Confederation of Indian Industries (CII), FICCI and Assocham to select entrepreneurs for making the most of the facilities at the incubation centre. The major sectors to be provided support and a business platform include value added agriculture, food processing, water and sanitation, rural housing, energy and leather processing.

As many as 35 path-breaking technologies in these fields developed by various research institutes and laboratories under the Council of Scientific and Industrial Research (CSIR) were displayed at an exhibition organized in the premises of IMMT to mark the platinum jubilee of CSIR here on Monday.

“Alternative raw materials for leather, early warning system of landslides, low cost housing, restoring heritage buildings, wood without trees, green steel, new energy food and farm to pharma are some of the interesting fields in which new researches have been displayed in the exhibition. We would collaborate on several other interesting and profit making concepts with entrepreneurs,” Mishra added.

Speaking on the occasion Micro Small and Medium Enterprises (MSME) minister Prafulla Samal said, “The scientific research outcomes must not confine to papers and journals and must reach to people. Our department will provide all kinds of support to the incubation centre. I will also urge IMMT to take steps to reach more and more people in rural areas and provide them technical support to improve their livelihood.”

Note: News shared for public awareness with reference from the information provided at online news portals.

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