TREC-STEP

Tiruchirappalli Regional Engineering College –

Science and Technology Entrepreneurs Park

Inspiring Innovations Festival of Innovations 2016 15th March 2016

Physical

Infrastructure

Connectivity

to

New markets

and

Others

Intellectual

Infrastructure

Education

Training

Skills

Knowledge

Networks

Research

Institutes

Social Vision

and The Will

Cultural

Infrastructure

Risk Culture

Innovation

Ambience

Venture Mind

Social

Recognition

& Reorgiztn

Financial

Infrastructure

Angel Funds

Venture Fund

Innovation

Fund

Incubation

Fund

Tech. Bridge

Fund

Investments

Business and Social Environment

Business Incubators Performance Business Incubators Performance

TREC-STEP

Objectives

• Incubation of New Ventures

• Facilitating Technology Development

• Enabling Industrial Development

• Training in Technology and Management Skills

• Dissemination and Replication

Self Supporting Organization

Promoted by

DST, Govt. of India, Govt. of Tamilnadu, Central and State FIs and NITT

2015 2015

Giant

Industry

BHEL

Railways

Confdrtn.

Indian

Industry

Small

Industries

Bank

2010 2010

TREC-STEP Department of S &T

Entrepreneurs

Promoters

Host Institute

1995 1986 1995

2000 2000

UNIDO

Regional

Small Industries

Assns.

UNDP

British Council

Division

CISCO

The

World Bank

EU India

Ministry of MSME

GOI

Global

TBIs & Assns.

Dept. of

Scientific & Industrial

Research

European

Union R & I

International

Energy

Agency

GRP

Rockefeller

Foundation Industry for

CSR

GEF

GCF

SWITCH

Asia

MUDRA

Bank

Bilateral

Funding

TREC-STEP

Awards and Recognitions

Best Innovation Award

Indian Railways

UKBI International Champion of

Business Incubation

Patents Granted/Applied 19

World Bank - Development

Market Place Award

Best Incubator Award 2001

Products developed /commercialized 213 Innovative technologies

45

34

32 28

12 11

8

7 6

6 6 5 5 3 1 1 1

Manufacturing

Electronics

Engineering

IT

Textile

Clean Tech

Agri sector

Medical

Consultancy

Leather

Service

Chemical

Food

Health

Civil

Electro Mech.

Business Incubator,

The Rainbow Equation …!

BI Investment After 5 to 7 years

Tax Revenue to Governments ( Profit, Turnover, Manufacturing Taxes)

Innovation :

New products / processes

p o b J s 0 3 0 e r m l n .

I n v e s t m e n t

Government & Society

Community

Regional Development

Human Development

TREC-STEP

Institutional

Interaction

50 ++ Tech. Angels

NIT &

other Natl.

Institutes TREC

STEP

• Outsourced for the first time to TREC-STEP 2005 – 06

• Up to Rs. 15 Lakhs Grant for Individual Innovators

• 40 Innovators funded to the tune of Rs.3.2 crores for innovation development

• Among them, 15 are commercially successful start-up ventures, many others are in final fine-tuning stages

40 Innovative Products

2011 Torch Best Entrepreneur Award,

Asian Association of Business Incubation,

2008 Second Prize in the India

Innovation Pioneers Challenge for

the innovation –

New Geometrical Instrument

‘The Best Success Story Award’ in

Business Boosting Services and

Soft-landing , EUROFFICE

Services Project at Lyon, France

2009 – 3 Incubatees selected for

the DST Lockheed Martin India

Innovation Growth Programme

2013 All India Management Association –

Dr. J.S. Juneja Award for Creativity & Innovation

Student Innovators

Other Student Initiatives supported

• TEDx Trichy

• Genesis – Innovation / Entrepreneurship Lecture series

•International Business Plan Competition

•Advisory support from concept to final implementation

DSIR,

DBT,

+++

Dept. of Science &

Technology

(DST)

World Bank,

DST, EU CCT-

CCS, EOS

MSME

&

DST

UNIDO

and

DST

European

Union,

World Bank,

DST

TDB, NSTEDB,

MSME, EU CCT-

CCS

0

10000

20000

30000

40000

50000

60000

70000

80000

• Dynamic Tech Entrepreneur

• Rich Business & Tech. Expertise

• Motivated Team

• Growing Market

• Reputed Firm

• High Funds Requirement

• Good reputation

with Banks, Suppliers

• Provides Growth, Wealth,

Employment and hope

Common

Production Facilities

Nursery

Incubators

Training &

Knowledge Inputs

Youth with • No Experience • No Business Knowledge • No Team • No Funds • But Big Dreams

Counselling & Escorting

Incubation

Fund

Innovation

Fund

Nurturing Innovation and Venture creation

@TREC-STEP

Wide

Promotion ,

Screening,

mentoring &

Funding by

TREC-STEP

Technology

vetting and

monitoring by

Experienced

Technology

Angels Highly Innovative ideas,

successful prototyping,

High tech, high growth

ventures