The evident fast pace changes observed in technology, have set new benchmarks that have made the need for education to get more industry centric. The impact of this emergent new technology has taken the business world by storm. Start Ups, expansion of existing Businesses, Individual professional expertise all call for not only technology grasp but Management driven technology application. As such this vast industry has been creating a huge demand for whizzes in technology and management both. An idea cannot exist in a vacuum anymore. The world calls for an application and realization of the idea into something that can have a viable market. It has become necessary for Educational Institutes and Universities to capture the kernel of cutting edge thoughts and to create an ecosystem that will foster and support entrepreneurship by translating innovative technology ideas into successful ventures offering products, processes and services that greatly benefit the society at large.
REVA University, located in Bengaluru, is an extensive space that has expanded in the last decade not only branching out in knowledge generation and pedagogy but also in working with Industry on a global platform. REVA NEST is a Technology Business Incubator established at REVA University campus that aims to build the entrepreneurial eco system by empowering and nurturing student start-ups and incubating innovative technology based start-ups.
The University faculty members and industry mentors associated with REVA NEST advice incubatee companies on Technology Product Development, Patenting, Commercialization, Marketing, Business Set up and Operations, and Human Resource Sourcing and Development. REVA NEST is recognized by MSME, supported by Government of Karnataka, Department of Science and Technology. REVA NEST has access to University’s full equipped state of art Centre of Excellence in the sector of Electronics and Communication, Design & Manufacturing, Construction and Bio-technology. REVA – NEST is the right place for budding entrepreneurs for safe and successful entrepreneurship journey.
The Objective behind establishing this Centre at the University is to nurture start-ups at an early-stage and help them overcome obstacles. REVA NEST also offers training programs that help in capacity building of start-ups. Apart from these flagship comprehensive programs, the centre has value-added services viz. legal, financial, technical, IPR and mentoring for incubates. The University has also set up Innovation centres and centres of excellence for Rapid Prototyping the greatest advantage of having this Incubation centre is how smoothly it can facilitate business networking for better and faster enterprise growth. A podium like this provides global exposure through corporate platforms and University partnerships.
With the given infrastructural abundance at the University, at REVA NEST and the entire campus, which is at the disposal of the incubate enterprise, the budding businesses have humongous scope to prosper. The thrust areas that have found a natural weather for business are; Internet of Things (IOT), Electronic System Design and Manufacturing (ESDM), Robotics & Intelligent Systems, Clean Energy, Art and Design. Since the University has been an early advocate for Green Technology, sustainable development and digitization, all innovation has a necessary eco assisting connotation to it.