Lost Marbles

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Connecting Innovation Entrepreneurship - Role
of PSG-STEP
PSG-STEP
Accelerating entrepreneurs
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About PSG Sons Charities

• PSG Sons Charities
• started in the year 1926
• Celebrating its 80th anniversary in 2006
• Vision started with one school and today 24
  educational and medical institutions are under
  PSG Trust

PSG-STEP
Accelerating entrepreneurs
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ABOUT PSG-STEP

• Established in the year 1998, with the support
  from
• PSG
• DST, Govt. of India
• ICICI and
• IDBI
• Host Institute - PSG College of Technology
• Established in the year 1951
• An autonomous, accredited, ISO 9001
  Institution

PSG-STEP
Accelerating entrepreneurs
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GENESIS

• To provide an atmosphere for innovation and
  entrepreneurship
• Active interface between academics and industry
• Handholding entrepreneurs from Idea to
  Commercialization

Accelerating entrepreneurs
PSG-STEP
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MILESTONES ACHIEVED

• More than 100 start-ups were incubated from
  PSG-STEP since 1998
• Received the Best STEP award from Ministry of
  Science Technology, Government of India
• Consulting Assignments Surveys, Technology
  Development, Time Motion Studies, ERP MIS

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Accelerating entrepreneurs
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MILESTONES ACHIEVED

• 3 PSG-STEP companies are ISO 90012000
  certified, 1 assessed at CMM Level 4
• Corrosion Management Services awarded the NACE
  India Section Award for Excellence in
  Corrosion Software
• One company obtained VC funding and 6 PSG-STEP
  assisted start up companies were acquired /
  merged

PSG-STEP
Accelerating entrepreneurs
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Handholding of Innovators

• Infrastructure Support
• Entrepreneur Advisory Clinic
• Mentoring Support
• Networking
• Outreach Centres

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Accelerating entrepreneurs
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Infrastructure Support

• Incubator
• Total Incubator space - 30,000 sq.ft
• Space - from single table to max. 3000 sq.ft
• Hardware / Software Support
• Shared Data Connectivity
• Voice Connectivity
• Seminar Halls
• Common Office Facilities

Accelerating entrepreneurs
PSG-STEP
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Infrastructure Support . . .

• Product Development Centre
• Rapid Prototyping Machines
• - Stainless Steel / ABS Plastic /
• Nylon / Glass filled Nylon
• Laser Scanning Facilities - for reverse
  engineering
• Rapid Tooling - Vacuum Casting
• Virtual Reality for Virtual Prototyping
• Machining Centres - Horizontal / Vertical /
  Universal

Accelerating entrepreneurs
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Infrastructure Support . . .

• Centres of Excellence
• More than 25 Centres of Excellence in different
  technology areas established by PSG College of
  Technology assists the new innovations.

Accelerating entrepreneurs
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Entrepreneur Advisory Clinic

• To counsel entrepreneurs on
• Technology
• Project
• Infrastructure
• Technical Upgradation / Modernisation
• Funding
• with an ascent on the potential, background and
  capability of the entrepreneur

Accelerating entrepreneurs
PSG-STEP
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Mentoring Support

• Technical Support
• The incubatees / innovators can utilise the
  faculty expertise of PSG College of Technology
  for
• Idea Validation
• Design Inputs
• Technical Feasibility Analysis
• Lab Testing

Accelerating entrepreneurs
PSG-STEP
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Mentoring Support

Business Development Support

• PSG-STEP extends support for
• Licensing / Patenting the Technology
• Market Information / Surveys
• Participation in the Exhibitions
• Organising Thematic Workshops
• Lab Testing

Accelerating entrepreneurs
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Networking

• PSG-STEP has a strong network to benefit the
  incubatees.
• Government Agencies
• District Industries Centre
• Small Industries Service Institute
• Financial Institutions
• SIDBI
• TIIC
• Commercial Banks

Accelerating entrepreneurs
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Networking

• Industry Associations
• South India Engineering Manufacturers
  Association (SIEMA)
• Coimbatore District Small Industries Association
  (CODISSIA)
• Confederation of Indian Industry (CII)
• Entrepreneurship Institutions
• Entrepreneurship Development Institute of India
  (EDII)
• NGOs promoting entrepreneurs
• Entrepreneurship Development Cells (EDCs)

Accelerating entrepreneurs
PSG-STEP
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Outreach Centres

• Technopreneur Promotion Programme (TePP)
  Outreach Centre
• Joint initiative of Department of Scientific
  Industrial Research (DSIR) TIFAC
• To support innovations with a grant ranging upto
  Rs.10 lakhs.

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Outreach Centres

• Nodal Institution for L-RAMP for Innovators
• Joint initiative of Lemelson Foundation, USA
  IIT Madras.
• To support grassroot innovations with a grant
  ranging from Rs.25,000 to Rs. 25 lakhs.

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Accelerating entrepreneurs
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Achievements

Accelerating entrepreneurs
PSG-STEP
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THANK YOU