JUT to open incubation centers for innovation and startup ideas | So Good News
Ranchi, October 31: Jharkhand University of Technology (JUT) has launched incubation centers to promote innovation and start-ups among the youth. Incubation centers empower talent by helping them build their startups. Central Coalfields Limited (CCL) has allocated Rs 86 lakh for the development of an incubation center for this. Even the Jindal Group has expressed interest in the plan.
Explaining this, JUT VC Vijay Pandey said, “We are tying up with several big companies, industries and institutes to ensure that the youth get good employment opportunities in Jharkhand itself. Also, in collaboration with many large companies, an incubation center was established at JUT to improve the skills of young people. Rules and syllabuses of various courses have been prepared for this purpose.
“In order to provide better opportunities to students, cooperation cells of JUT Institute of Placement, Entrepreneurship and Industry have also been established. If there are local youth with high technical education with technical knowledge, several big industries can be opened in Jharkhand itself,” the VC added.
It should be noted that economically weaker students will have an opportunity to prove their talent and worth under one roof. JUT also provides Rs 5 lakh to such students to help them launch their startups. Plans for an incubation cell at BHU have been started in this direction. Thus, the faculty of BHU will also play an important role in establishing the center.
Besides, the officials claimed that the placement cell set up by the university will get 100 percent placement of the students. The Admissions Awareness Program is conducted to inform students about university placement opportunities.
On the other hand, Registrar Amar Kumar Choudhary said that a Techno Hub is being developed at JUT to impart relevant technical education to tribal class children of the state under one roof.
According to him, so far six applications have been received from entrepreneurs who have just started their business. Arrangements will be made for these candidates to stay on the JUT campus and develop their projects after commencement of work. Instead, they will be charged no rent for the first six months. After that only one and a half thousand rupees will be charged.
The registrar further said that the center will consist of two phases. First, young people will come up with their project and implement it with the help of the faculty here. The second is young people who make their mark by developing an already popular project. Here these two classes will have the same features.