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Innovation and Incubation Center Test

PSR Innovation & Incubation Centre (PSRIIC) initiated various activities for the career enhancement of students at different medium like self-employment, start-up initiatives, collaboration with research institutions and other industries through various training programmes. The qualitative and quantitative outcome based ideas are shortlisted and suggested for incubation and development. These ideas are converted into innovative projects and other development activity in the research context. This centre inculcate the culture of innovative research practice, social issues identification, entrepreneurship qualities, creative ideas, business strategies, science & technological development and support to society on Nation building and provides extensive ideas on real time projects by visiting various industries through in-plant training, industrial visit and internship for prospective learners. It is a space for new age entrepreneurs and young minds to transform their innovative ideas into viable business propositions.

 

  • To promote & interact with, and resource technology / expertise from faculty members and research scholars and laboratory infrastructure in various departments and centres of the Institute.

  • To help in getting other kinds of techno-managerial expertise required to the Society

  • To incubate novel technology and business ideas into viable commercial products or services

  • To build a vibrant start-up ecosystem, by establishing a network between academia, financial institution, industries and other institutions.

 
CONTACTS

Dr. S. Edwin Jose M.E., Ph.D.,
Coordinator – Incubation Centre,
Professor / Department of Electrical and Electronics Engineering,
PSR Engineering College,
Sevalpatti,  Sivakasi – 626 140,
Virudhunagar District,
Tamil Nadu, India.
Email : edwinjose@psr.edu.in

INCUBATION POLICY

  • Prospective incubatee will submit the business proposal in a standard format titled “Incubation Application Form”, which can be availed from Institute coordinator.

  • The Terms, Conditions and other rules and regulations framed by PSRIIC shall be adhered to by the incubatee / promoters of the start-up company.

  • The Incubation Application Form will be scrutinized internally by the incubation centre.

  • Based on the documents submitted, the business plan will be screened by the incubation centre team for assessing the suitability of the proposal for further evaluation by expert members regarding its potential for incubation.

  • Detailed scrutiny including financial and technical due diligence of the proposal shall then be carried out by the expert members. Applicants would be invited with their teams to make a presentation on their proposal. In order to enable the expert members to take an appropriate decision, members may ask for any additional information from the applicants and/or revision in the proposal.

  • Upon admission to the Incubation centre, basic infrastructure facilities (space, furniture, electricity, internet etc.) will be made available to the Incubatee.

  • The Incubatee companies will have to give preference to PSRIIC students for internship.

  • Incubatee companies will have to submit information to incubation centre about all material changes or developments taking place in their companies from time to time. Such information would include change in name of the company, change in business or product profile, change in directors/promoters or shareholders, acquisition of a new office, additional equity or debt investments.

  • It is also agreed by the parties that the start-up company or on its change of name or when whole business is transferred to a new company or in case of split of business, the entities concerned will not use the name of PSRIIC or any other name similar or deceptively similar. The start-up company must however state that it is a “PSRIIC” incubated/supported (as the case maybe) company”.

INTERNAL MEMBERS

S.No
Name of the Members
Designation
1
Dr.B.G.Vishnuram
Chairperson
2
Dr.P.Marichamy
Co-Chairperson
3
Dr.G.Arun Kumar
Managing Director
4
Mr.Ravichandran
Industrial Expert
5
Mr.Krishna Moorthy
Business Consultant & Mentor
6
Dr. S.Edwin Jose
Coordinator

START-UP COMPANY

S.No
Name of the Startup
Nature of Startup
Year of commencement
Contact Information of the Promoters

1

IVITA Software Solution

Software Development

2020 -2021

Er.S.Dhayalan,
2/794,Laksmi Nagar,
Reserveline,Gandinagar
Sivakasi-626124.
Ph:9943040305
Website: http://astutesoftware.in/

2

Silicon Harvest

Electronics Design and Automation

Dr.M.Arunraja
Silicon Harvest,
80,second floor,
Simmakal,Madurai-625001
Web: Web: http://www.siliconharves.net

3

Waxwing Automation Systems

Service& Software Development

Dr.M.Arunraja
Er.Jegan Chandran
354, Murugan Colony
Pallapati Road
0Thiruthangal
sivakasi-626130
Phone No. 9003737477
E-mail: info@waxwing.co.in
Web: Web: http://www.waxwing.co.in

4

IVITA Software Solution

Software Development

2019 -2020

Er.S.Dhayalan,
2/794,Laksmi Nagar,
Reserveline,Gandinagar
Sivakasi-626124.
Ph:9943040305
Website: http://astutesoftware.in/

5

Silicon Harvest

Electronics Design and Automation

Dr.M.Arunraja
Silicon Harvest,
80,second floor,
Simmakal,Madurai-625001
Web: Web: http://www.siliconharves.net

6

Organo Bio Fertilizer

Manufacturer and Seller

2018 -2019

Mr.T.D. Sesha Rajan
15/47, Ramapillai lane
South Veli Street
Madurai-625001.
Ph.No: 8667487280

7

FINSO Support Service(FSS)

Service and Product Development

Mr.M.Madhankumar
Thiruvengadapuram
Aalangkulam
Sivakasi.
Ph.No: 6382257541

8

Clamsys Consultancy Private Ltd

Service and Product Development

2017 -2018

Mr.Prince Ebinezar
14-4/29, Narmada River Street
Mahatma Gandhi Nagar
Madurai
Tamil Nadu 625014.
Ph.no: 7904505739

9

Waxwing Automation System

Software Development

Mr.Jegan
354, Murugan Colony
Pallapati Road
Thiruthangal
Sivakasi – 626 13.
Phone No. 9003737477