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Start-up launcher to boost students’ career prospects
Aimed at improving the career prospects of college students, the State government has proposed to introduce the ‘start-up launcher’ programme in educational institutions through the Tamil Nadu Advanced Technical Training Institute this year.
The candidates would not only be guided in choosing a plan and starting it but would also be connected to venture capitalists to access funds to launch their dream projects, sources said.
The institute has urged various colleges and universities across the State to send their students for the programme, which would provide them with the necessary infrastructure during their incubation, besides offering value-added support services.
For the programme’s successful implementation, the Tamil Nadu Advanced Technical Training Institute (TATTI) has formed a monitoring committee comprising members from various colleges and universities.
A senior official at TATTI told DT Next on Monday that the institute would not only provide incubation space for the students but also teach them how to choose and start a business. “Our services reduce early stage operational costs, save time for the entrepreneurs, and enhance visibility and credibility,” he said. “Other allied infrastructure facilities, utilities and accessories will also be provided,” he added.
Stating that TATTI was providing industrial visit opportunities to students, the official added that lab sessions would also be conducted in the incubation centre with industrial experts as resource persons.
On financial assistance after the training programme, the official pointed out that the institute would assist students with preparation of the financial proposal for their targeted business, and also assist them in securing government loans and schemes.
According to the official, TATTI would also explore investment opportunities for students, induction of seed money through potential venture capitalists and also investors for those projects completed and ready for commercialisation.
In addition, the official added, the institute would provide link to venture capitalists/angel investors to help the candidates access private equity funds wherever possible. Other support such as assistance in getting patents and trademarks, marketing guidance and branding the products would also be extended to students.