PCTE signs MoU with IIT Ropar TBIF for promoting entrepreneurship

Ludhiana: IIT Ropar TBIF (Technology Business Incubator Foundation) is a leading technology business incubator of the region and aims to create an effective start-up ecosystem in the region of its establishment by way to building a network of reputed and esteemed institutions, to create synergy among their activities and providing a platform to early-stage start-ups to grow their ideas in proof of concept and help them for market positioning of their product.
 
PCTE Ludhiana approached IIT Ropar TBIF (Technology Business Incubator Foundation) & shown their interest thru a Letter of Intent for promoting entrepreneurship & startup ecosystem to their institute. An MOU is signed between PCTE & IIT Ropar TBIF (Technology Business Incubator Foundation) The objective of this MOU is to foster entrepreneurship in the state of Punjab by jointly working towards facilitating young students of both institutes / early stage start-ups, who have exhibited strong entrepreneurial interests and to provide them opportunity to further hone up their skills / ideas for mutual benefit and frequent interactions.
 
IIT Ropar TBIF & PCTE Ludhiana agreed to explore the possibility of engaging & collaborating in innovation and entrepreneurship driven opportunities and resources, Partnering to facilitate and handhold Startups to help & connect for incubation facilities at each other’s institutions. Mentor Start-ups for advice, support and guidance. Provide networking opportunities to start-ups via events & workshops etc. Provide a platform to start-ups to interface with fund raisers and investors. To assist PCTE Ludhiana in setting up of an entrepreneurship cell in their institute and later on to set up business incubator thereof. 
 
On this, Prof. Naresh Sachdev (Dean Corporate Relations) PCTE Group of Institutes said “We are delighted to have IIT Ropar TBIF on board with us. This would surely be beneficial for the students and I hope we will initiate a platform to start-ups to interface with fund raisers and investors.
 
Dr KNS Kang, Director General, PCTE Group of Institutes said that through this MOU students will get an opportunity to practically implement from their learning and the PCTE E cell will guide them regarding the same and will help them to establish their own business.