· NITI Aayog has selected Shiv Nadar University along with nine other institutions to host the Atal Incubation Centre (AIC) to boost innovation in the country
· Shiv Nadar University to receive financial support for setting up this start-up hub in the focus areas of ‘Health & Pharmaceuticals / New Materials’ and ‘Education’
July 04, 2017, Uttar Pradesh: Shiv Nadar University today announced that it has been selected by Niti Ayog to host an Atal Incubation Centre. The Government of India setup the Atal Innovation Mission (AIM) at NITI Aayog in 2016 with the overarching purpose of promoting a culture of innovation and entrepreneurship in the country. This was done to address the need to create high-class incubation facilities across various parts of India with suitable physical infrastructure in terms of capital equipment and operating facilities, coupled with the availability of sectoral experts for mentoring the start-ups. The identified sectors included manufacturing, transport, energy, health, education, agriculture, water and sanitation etc.
Niti Aayog received a total 1719 academic and 1939 non-academic applications for the grant. Ten institutions were selected from across the country after a four-stage evaluation process. Shiv Nadar University had submitted its application for the grant in the focus areas of ‘Health & Pharmaceuticals’, complemented by ‘New Materials including Nano Materials’ and ‘Education’, and has been recommended funding to cover the capital and operational expenditures of running the Centre. The Incubation Center will serve as an active knowledge and resource catalyst for the development of promising entrepreneurs and to incubate and accelerate their early stage organizations from ideation to marketplace success. The University involvement will ensure the right kind of advice and insight for its success. The Incubation Centre will be a star-tup hub offering expert mentorship, infrastructure of co-working spaces, and full-spectrum business resources including hiring assistance, legal assistance and seed money.
Commenting on this achievement, Dr. Rupamanjari Ghosh, Vice-Chancellor of the Shiv Nadar University said, “Innovation and Entrepreneurship are in our DNA as envisioned by our Founder. The University has registered a few successes since its inception in 2011, but 6 years is a very short chapter in the journey of an institution of higher learning. We have a long road ahead of us, and the support from the Government in the form of this grant is a huge recognition for us. We are honoured and excited to be one of the ten institutions chosen for this grant in the very first round, and will direct all our efforts to put India on the global innovation map. SNU is a truly multidisciplinary, research university – covering Sciences to Engineering to Management to Social Sciences, and can thus address the entire spectrum of innovation and start-up incubation challenges from a single campus. Our intent is to provide all the core ‘start-up phase’ support and expertise that entrepreneurs need to go from Ideation to Commercialization. This will be a game-changer.”
About Shiv Nadar University
Shiv Nadar University http://snu.edu.in/ is a multi-disciplinary, student-centric research-focused university offering a full range of academic programs at the undergraduate, postgraduate and doctoral level. SNU’s integrated multi-disciplinary undergraduate curriculum provides students a strong foundation in the humanities and social sciences, natural sciences, technology and engineering studies, arts and communication and management, while enabling them to gain mastery of a subject of their choosing. Taught by world-class faculty, undergraduate education at SNU is designed to develop students with the breadth of vision, knowledge, skills and attitudes required to succeed in the careers of the 21st century. SNU is an institution set up and funded by the Shiv Nadar Foundation.
About Shiv Nadar Foundation
The Shiv Nadar Foundation (www.ShivNadarFoundation.org) has been established by Shiv Nadar, Founder, HCL – a $7 billion leading technology and healthcare enterprise. The Foundation’s mission is to contribute to the process of national development and social transformation by establishing institutions and undertaking new initiatives in the fields of education and culture. The Foundation is committed to the creation of a more equitable, merit based society by empowering individuals to bridge the socio-economic divide through philanthropy based transformational education.
The Foundation set up the SSN Institutions (www.SSN.edu.in) in 1996, comprising the SSN College of Engineering (already a highly ranked private engineering college in India), in Chennai, Tamil Nadu. The Foundation has also set up VidyaGyan, a residential leadership academy for meritorious rural children, at Bulandshahr and Sitapur in Uttar Pradesh. In addition, the Foundation runs the Shiv Nadar University (www.snu.edu.in), an international multi-disciplinary university with strong research orientation located in Greater Noida in India’s National Capital Region and the Shiv Nadar School (www.shivnadarschool.edu.in), a network of progressive urban schools across India aimed to provide children with education that creates lifelong learners. The Foundation has also set up the Kiran Nadar Museum of Art (www.knma.in), India’s largest private philanthropic museum in modern and contemporary art with the vision to take art to the common public.