MoU Signed with AIM
News And Events

MoU signed with Assam Institute of Management

In order to develop entrepreneurial ecosystem, ISVEC initiated a Memorandum of Undersatnding (MOU) between IASST and the Assam Institute of Management.AIM, is a premier management institute of north-eastern India, under the government of Assam. AIM has around three decades of experience in management education, research and management consultancy. The MoU between IASST and AIM adds considerable depth to ISVEC, for its activities related with technology commercialisation and start-up incubation. On 27th September 2018, the MoU was signed by Dr. N.C. Talukdar, Director, IASST and Prof. Mukulesh Barua, Director, AIM on…

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Blog

What comes first – idea or team

By Balram Nair, Vice President, Chennai Angels- What is a start-up – A start-up is an idea in search of a business model. I would say, to start with an Idea is the most important. It is difficult to seclude the other pillars that make a startup successful as they are as important. All said having a team without the idea is like having a factory with employees and not knowing what to manufacture. The idea is the spark that ignites a solution to a problem and if this problem…

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What is Credit Linked Back Ended Subsidy

Credit Linked Back-Ended Subsidy (CLBES) is a very convenient way of providing subsidies by governments to the beneficiaries, under various schemes. The beneficiary has to avail loan from the Nationalized Banks /Financial Institution (FI) such as NABARD, IDBI, SIDBI, ICICI, State Financial Corporations, State Industrial Development Corporations, NBFCs, NEDFI, NationalSCST/minorities/ Backward- Classes Financial and Development Corporation, other designated loaning institutions of the State / UTs, Commercial/ Cooperative Banks, etc. Concerned banks/ State FIs may adhere to their own appraisal norms while sanctioning projects under the govt schemes. The appraisal note…

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News And Events

Launch of Technology Start-Up Scheme

Research is mostly a focused activity within a domain, while entrepreneurship requires knowledge of a wide spectrum of domains. This is one of the reasons why the research oriented people from science background seldom chose to create their own start-ups, despite of tremendous govt support for the innovation based start-ups. To break this barrier, ISVEC launched a unique Start-Up program for the researchers at IASST. Under this program, the researchers are being encouraged to  pick up any  abandoned technology at laboratories, and develop them further for commercialisation. Subsequently, their start-up…

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Balram Nair, Chennai Angels
News And Events

Visit by the VP, Chennai Angels

ISVEC organised an interactive session by Mr. Balram Nair, Vice President, Chennai Angels, on “Raising Start-Up Capital through Angel Funding”, at the auditorium of IASST. Along with the scientists and researchers of IASST, the session was also attended by 30 students from MSME Tool Room. It was a lively interaction between the audience and the expert, with multiple examples and anecdotes of angel investment. Mr. Nair explained the mechanism of angel investment. He emphasized that more than the idea, the investors look at the competence, commitment and the mentor-ability of…

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News And Events

Launch of Surface Coated Bell Metal Products, using Plasma Technology

Bell Metal has been an age old cottage industry of Assam. However the virgin bell metal has problem of corrosion with consequence of discard and replacement of bell metal product within few years. IASST has developed a plasma coated technology which not only protects the bell metal from corrosion but also helps in protecting its luster for more than 10 years. This classic plaque of Kamakhya Temple hand casted by local artisans is coated by plasma technology made foir visitors to this holy shrine to percolate memory of Ma Kamakhya.…

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Blog

An introduction of Market Demand

Does market demand any product or service ? Peter Drucker  asked his client – ‘What is your business ? ’. The client was shocked. He had just narrated to the world famous management guru Peter Drucker, about his business of cardboard box manufacturing and how newly introduced plastic was taking market away from the cardboard boxes . The irritated client reiterated    ‘ cardboard boxes’ . Drucker  told – ‘ no, you manufacture cardboard boxes. But your business is packaging ‘. This transaction between Drucker & the cardboard box manufacturers …

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