Indo-German Tool Room Aurangabad to launch its incubation services with a 3-day start-up bootcamp

Given the importance of start-ups for industrial and economic growth, the Indo-German Tool Room Aurangabad is launching its incubation services with a 3-day start-up bootcamp. The bootcamp is organised in partnership with Gesellschaft fuer Internationale Zusammenarbeit (GIZ) GmbH and the Ministry of Micro, Small and Medium Enterprises (MoMSME).

Technology has changed our lives drastically. Tablets, mobile phones, social platforms are results of revolutionary innovations developed by visionary innovators, some of them from start-ups who have grown to multinational companies such as Facebook, Uber, etc. Incubators play an important role for start-ups to support their growth, provide advisory as well as access to technologies, mentors, investors, etc. Aurangabad has been a striving industry hub, especially for the auto-component sector, with approx. 1220-1500 SMEs, excellent colleges as well as few OEMs such as Bajaj Auto, SKODA, etc.; thus providing high potential for new start-ups.

The bootcamp will be conducted from 26 to 28 April 2017 in Aurangabad and will commence with a reverse pitch of industry leaders seeking support to tackle a challenge in their industry. If you do not have an idea yet, but the entrepreneurial spirit to found your own venture, you can pick up one of these areas to develop your own idea/venture or to gain practical experience of solving real industrial problems. Further information on the problem statements can be found in the brochure given at the end of this article. The Bootcamp will help you to do your first steps and to think strategically about your idea with the help of the design thinking and business modeling method. If you already have an idea in the technology domain or are working on your venture or are diversifying you product / business model, join the Bootcamp to refine your idea with the help of tools such as design thinking and business modeling. International and national experts will evaluate your product and your business model and will give you valuable inputs.

The participants of the Bootcamp will have access to IGTR’s state of-the-art facilities including sophisticated machines such as CNC Milling, EDM & Wire Cut machines, 3D scanning and printing as well as access to its experts in areas such as Design, Enterprise Development, Project Management, etc.
The programme has been initiated within the framework of the Indo-German Bilateral Cooperation programme on “Innovation Promotion in MSMEs” being implemented by GIZ and office of DC-MSME, MoMSME, Government of India.