[India Accelerates] PSG-STEP Coimbatore drives 130 startups in IT, electronics and mechanical engineering
The PSG College of Technology in Coimbatore runs a Science & Technology Entrepreneurial Park (PSG-STEP), a technology business incubator facility for over 30 startups. Dr. K. Suresh Kumar is the general manager of PSG-STEP, and supports startups in the areas of information technology, electronics and mechanical engineering. He also handles the Secretariat of Asia Pacific Incubation Network (APIN), an initiative supported by infoDev, World Bank & Department of Science & Technology, Government of India.
YS: What was the founding vision of your incubator, and how is it supported?
PSG College of Technology was involved in promoting entrepreneurship in the region for more than three decades. The activities of the institute in promoting entrepreneurship are converted into a systematic approach by establishing the Entrepreneurship Development Cell, which has been started with the support from National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India.
Based on the performance, in the year 1998, NSTEDB supported PSG College of Technology to establish PSG-STEP – the Technology Business Incubator to promote technology startups in the region.
PSG-STEP is spread over an area of more than 25,000 sq.ft to accommodate 31 startups, in the areas of IT, mechanical engineering, and electronics. PSG-STEP provides technical services that include R & D activities, product development, re-engineering, calibration and testing facilities, quality assurance and market research to the entrepreneurs. The entrepreneurs utilise the various Centers of Excellence of PSG College of Technology.