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National Institute of Technology (NIT) Goa has decided to establish a start-up centre and plans an incubation centre in an attempt to provide solutions to the unemployment problems of the State.
The project is still at its initial stage but its launch will solve a variety of problems in the State and create job opportunities, said NIT Director Prof G R C Reddy
“We are planning to set up an Incubation Centre very soon. The objective is to address the problems of the State by providing relevant solutions. We will identify the local problems and try to sort them out. This will also create job opportunities,” he told Herald at the recently concluded Technival-2016 hosted by the institution that saw participation from over 200 colleges.
NIT Goa will be funded Rs 25 lakh from The Union Ministry of Human Resources Development and another Rs. 25 lakh by the Department of Science and Technology. The funding will be on an annual basis for three years. “Rs 25 lakh would be used as seed money and the other Rs 25 lakh for infrastructure,” an official said.