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The Union Ministry of Micro, Small and Medium Enterprises will set up 10 incubation centres in the State in the next five years to develop entrepreneurship.
These centres will promote individual innovators and assist them to become technology-based entrepreneurs, according to Kalraj Mishra, Union Minister for MSME.
For instance, the Centre will buy expensive design software and rent it to MSMEs for a nominal fee, he told newspersons after inaugurating SOUMEX 2014, a three-day sourcing and manufacturing exhibition organised by the National Small Industries Corporation and Tamil Nadu Small and Tiny Industries Association.
The first incubation centre will be set up in Chennai while the rest will come up after consulting the State government, which will identify the campuses to house these centres.
The objective is to promote emerging technological and knowledge-based innovative ventures that seek nurturing of ideas from professionals beyond the traditional activities of MSMEs.
Inaugurating the exhibition, Mishra said a ‘tool’ room will be set up in Palakkad to help BTech and MTech graduates get training on designing manufacturing tools.
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