Aurangabad, Mar 17 (KNN) Technology start-ups (hardware & software), last year students with entrepreneurial spirits and existing enterprises that seek to develop a new idea can apply now!

Given the importance of start-ups for industrial and economic growth, the Indo-German Tool Room Aurangabad is launching its incubation services with a 3-day start-up bootcamp. The bootcamp is organized in partnership with Gesellschaftfuer Internationale Zusammenarbeit (GIZ) GmbH and the Ministry of Micro, Small and Medium Enterprises (MoMSME).

Technology has changed everyone’s lives drastically. Tablets, mobile phones, social platforms are results of revolutionary innovations developed by visionary innovators, some of them from start-ups who have grown to multinational companies such as Facebook, Uber, etc. Incubators play an important role for start-ups to support their growth, provide advisory as well as access to technologies, mentors, investors, etc. Aurangabad has been a striving industry hub, especially for the auto-component sector, with approx. 1220-1500 SMEs, excellent colleges as well as few OEMs such as Bajaj Auto, SKODA, etc.; thus providing high potential for new start-ups.

The bootcamp will be conducted from 26^th to 28^th April in Aurangabad and will commence with a reverse pitch of industry leaders seeking support to tackle a challenge in their industry.

“If you do not have an idea yet, but the entrepreneurial spirit to found your own venture, you can pick up one of these areas to develop your own idea/venture or to gain practical experience of solving real industrial problems. Further information on the problem statements can be found in the brochure given at the end of this article,” said the organizers.

The Bootcamp will help one take the first step and help think strategically about the idea with the help of the design thinking and business modeling method.

One, who already has an idea in the technology domain or is working on a venture or is diversifying the product / business model, can join the Bootcamp to refine their ideas with the help of tools such as design thinking and business modeling. International and national experts will evaluate their product and business model and will give them valuable inputs.

The participants of the Bootcamp will have access to IGTR’s state of-the-art facilities including sophisticated machines such as CNC Milling, EDM & Wire Cut machines, 3D scanning and printing as well as access to its experts in areas such as Design, Enterprise Development, Project Management, etc.

The programme has been initiated within the framework of the Indo-German Bilateral Cooperation programme on “Innovation Promotion in MSMEs” being implemented by GIZ and office of DC-MSME, MoMSME, Government of India.

For further information, download the brochure here.

Registration for the bootcamp can be done here: www.surveymonkey.com/r/bootcampIGTR

Or contact Tasvvar Ali (Tasvvar.Ali@giz.de) or Vijay Bankar (Vijay.Bankar@gmail.com) for further information on the bootcamp. (KNN Bureau)