KEC TBI Sanctions Rs.46.75 lakh aid to 5 innovators

Five young Innovators viz. R.Harini, Varshan Mohan, Jacob Thekkekara, S.Satheesh and S.Shrinivasan have been selected for sanctioning of grant amount of Rs.46.75 lakh from TBI at Kongu Engineering College (TBI@KEC) under NIDHI PRAYAS Scheme for developing ideas into prototypes.

As on date, a total grant of Rs.328.25 lakhs have been sanctioned to 39 Innovators (including five women) under the scheme (a maximum of Rs.10 lakh can be availed for a project). V.K.Muthusamy, President  Kongu Vellalar Institute of Technology Trust (KVITT), P.C.Palanisamy, Chairman-TBI and Secretory - KVITT, P.Sachithanandan, Correspondent-KEC and Dr.V.Balusamy, Principal-KEC presented the sanction order and 1st installment cheque to the beneficiaries. Ason date, TBI@KEC has sanctioned Rs.8.18 crore as seed / grant to 76 beneficiaries under various funding schemes.

15 Patents have been granted out of 32 filed. TBI@KEC provides a golden opportunity to budding entrepreneurs to convert their ideas into reality. Call for application is now open under PRAYAS and IVP Grant. Interested innovators / early stage tech driven startups / MSMEs may apply online @ www.tbi-kec.org.