Incubator for Student Startups Set up by Shri Ram College of Commerce
New Delhi, India | Red Newswire | Nov 20, 2015 Last Updated at 06:23 PM IST.
Even though Shri Ram College has 100% placements, it has set up an incubator to help students to begin their startups. Apparently, this incubator is first of its kind.
With the startup boom in the country, the campus incubators are on rise. The Delhi University college is also not behind in the trend. It is making some changes in its policies for its students who want to start their own company and work on it for some time and then opt for campus placements if it doesn’t turn out well. SRCC has set up its Centre for Innovation Incubation and Entrepreneurship last month in its campus. It is led by students and comprises of Alumni, faculty and experts from the industry.
Presently, 10 third year students are being incubated and other 15 are being mentored. This marks the incubator trend progressing outside science and engineering colleges. The college is already working with its students to help them in generating ideas. The students are also being assisted by industry experts and researchers.
The college has also offered to help the students with fundraising, faculty support and access to service providers. Dr. Abhay Kumar, Faculty Advisor at SRCC said, “For the last few years, we felt that many of our students were leaning towards their own projects despite placements offered by good companies. Some even joined and left many established firms to set up their own ventures. Many current students approached the college with their business ideas and wanted some kind of help. So it was the need of the hour.”
Several alumnus are already known to have joined the initiative. These include the recent passouts and those having their own companies. Vishnu Saraf, who passed out in 2004 is one of them and is running his own startup called ‘TruWeight’. Presently the SIDBI is funding the scheme.
Source: ET Bureau