The T-TBI can design and submit CSR (corporate social responsibility) activities for Central PSEs based in the State in the areas of entrepreneurship education, entrepreneurship development and skill development, among others.
Technopark-TBI can also look at organising CSR-specific programmes with the support from the Central PSEs. The empanelment will make Technopark-TBI eligible for projects under the ‘CSR Hub’ and also those with the Central PSES that have signed MoUs with the TISS (Tata Institute of Social Sciences) National CSR Hub.
The approval will be valid until March 31, 2015, and will be renewed on satisfactory performance thereafter.
CSR as an integral aspect of corporate has dual benefits of creating goodwill to the company and acting as a social and economic intervention, said Mr K. C. C. Nair, Chief Finance Officer and Programme Coordinator, Technopark-TBI.
“The Technopark-TBI has been implementing a number of initiatives replete with social relevance and we are quite hopeful of implementing some strategic projects in Kerala with the help of TISS and the Central PSEs,” he added.
Technopark-TBI aims to identify potential entrepreneurs with innovative ideas and nurture them through different phases of growth until the business takes off to a level where it becomes a financially sustainable venture.
Through technology business incubation initiatives, Technopark intends to create an ecosystem and a fertile ground to promote the spirit of innovation and entrepreneurship.
So far, Technopark-TBI has incubated more than 123 start-up technology companies with a success rate of over 95 per cent.
Mr Gireesh Babu, Chief Executive Officer, Technopark, said that he was happy to see that young entrepreneurs could initiate CSR activities.
“In my view, successful companies of the future will be those that integrate business and personal values of the employees,” he added.
Technopark Technology Business Incubator (T-TBI) is a joint association between Technopark,Thiruvananthapuram and the Department of Science and Technology (DST), Government of India for the economic development of the state.The primary focus of Technopark TBI is in developing the ICT opportunities for building global enterprises. T-TBI aims to spot and attract potential entrepreneurs through intensive training programmes undertaken on a regular basis.The Center has full time management team that has extensive experience in entrepreneurship, product development, and marketing, securing venture capital funding and organizational development. In addition to this, an expert panel called the Technology Angels consisting of eminent academicians and expert professionals from diverse industries guide the incubatees.
Technopark TBI provides incubatees with an initial place of operation equipped with voice/high speed data connectivity, supportive environment in which services such as assistance in technology, hands-on management, mentoring, marketing, support in business plan development, assistance in recruiting human resources, access to academic and research laboratories and exposure to both domestic and international capital funds to grow their business.
News Sourced from “The Hindu Business Line”