Nurturing entrepreneurs at the college level

The Hindu Business Line|November 26, 2019

Nurturing entrepreneurs at the college level
VIT-Technology Business Incubator helps new ventures in getting funds and mentors

Renaura Wellness Pvt Ltd, a startup founded by two engineering students while still in college, has developed a hard-water shampoo and conditioner. Nishant Gupta was doing his electronics and instrumentation engineering and his partner in the venture, Palash Pandey, was studying chemical engineering at the same college.

How did they hit upon the idea of a shampoo and conditioner for hard-water? Well, says Nishant, 27, the water in the town they were studying in was hard and since there was no existing technology, he and Palash decided to take this up as a venture.

It got incubated at the technology business incubator at the college, thanks to which it was able to get grants and, more importantly, access to the laboratory in the college and guidance from a host of experienced mentors.

Abhijeet Chaudhari started working on his venture when he was doing his M.Tech in Energy Science and Environmental Engineering. His company, Enrecover Energy Recovery Solutions Ltd, has developed waste heat recovery systems at low temperatures. It got incubated at the technology business incubator at the college, giving the venture the boost in terms of availability to grants and mentors. It has got an order from Tata Steel for a waste heat recovery product.

A multinational company in the renewable energy space recently picked up a 40 per cent stake in Enrecover Energy Solutions for about ₹1.5 crore.


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November 26, 2019