I welcome you all at the Bajaj Incubation Center located on the campus of Dr. Babasaheb Ambedkar Marathwada University, Aurangabad. This centre is inaugurated on 14th August 2018, by auspicious hands of Shri Pradeep Shrivastava, Executive Director, Bajaj Auto Ltd.
We are indeed very grateful to Honorable Rahul Bajaj for financial support to this centre under Corporate Social Responsibility (CSR). I am very pleased to know that this is the first incubation centre among all universities in Maharashtra and probably first among universities in India.
We have incubated number of Professors and research scholars from the campus of our university. Similarly we have also incubated students from affiliated engineering and science colleges. We have been encouraging students from undergraduate, postgraduate and research scholars for innovation and translate it into entrepreneurship. We wish to incubate 25 incubatee per year. Once our 5 story building of incubation centre is fully complete, then we would have a space of 50,000 sq.ft and hope to incubate about 100 incubatees at this centre.
We would like to provide financial assistance to deserving startups, legal advise, thematic mentoring, support and guidance for intellectual property, financial schemes from government as well as from venture capital fund, etc. I have confidence that this centre would provide the right innovation and entrepreneurship ecosystem for incubatees.
I believe and trust that innovation and entrepreneurship is not new to Marathwada. In fact the spirit of innovation and entrepreneurship is in DNA of Marathwada. I therefore appeal to all students, research scholars and professors to take full advantage of Bajaj Incubation Centre and contribute to the development of Marathwada and our country. I wish best of luck for overall development of Bajaj Incubation Centre.