PSG-STEP was established in 1998 by PSG College of Technology in association with the Department of Science and Technology, Government of India to promote technology-based enterprises. It provides financial and infrastructure support to startups through its seed fund support system. It is also selected under the MSME entrepreneurial scheme to provide incubation support of Rs. 6.5 lakhs to 10 startups. The seed fund supports startups with funding up to Rs. 25 lakhs for product development, testing, trials, patents and commercialization. PSG-STEP helps entrepreneurs convert ideas into prototypes and prove concepts, and provides mechanical, IT and electronics incubation centers.

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P.PRASANTH
BV.VIGNESH
K.S.ARVINDAKARTHIK

4. 
PSG - STEP was established in the year
1998 by PSG College of Technology
in association with the Department of Science
& Technology, Government of India & All
India Financial Institution to promote
technology based enterprise in the areas of
Software, Electronic Products, Hi-tech
Mechanical Products, Eco-friendly
Textile Products & Bio-technology using the
core strengths of PSG College of Technology.

5. 
With the support of Technology Development
Board, a Seed Fund Support System has been
constituted by PSG-STEP to extend the
financial support to the start-ups along with
the infrastructure support to cater the early
stage requirements, Testing, Trials & Test
Marketing.

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MSME-Entrepreneurial and Managerial
Development of SMEs through Incubators
Scheme
PSG-STEP is one of the institutions selected for the
Entrepreneurial and Managerial Development of
SMEs through incubators scheme under the
Ministry of Micro Small & Medium
Enterprise, Govt of India, Under the scheme 10
start-ups with innovative business idea will be
extended incubation support to a true of Rs 6.5
lakhs.

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TDB-Seed Fund Support
PSG-STEP with the support of Technology Development
Board (TDB) has instituted a Seed und Support System to
extend the financial support upto Rs 25 lakhs to the startups along with the infrastructure support to cater the Early
stage requirements,Testing,Trials & Test Marketing. The
Financial support would be extened to Product
Development,Testing,Trial & Test Marketing and Filing of
Patents.
The Financial support will also be extended to projects that
are in high-risk areas and directed towards commercial
realization of innovative technologies thereby enhancing the
start-ups to a level where they can be fit for seeking further
financial support from Technology Development Board
(TDB/Venture Capitalists and other supporting agencies.)

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To build a new class of technology - competent
entrepreneurs.
To act as an interface between institutions of learning
and research and industry.
To establish technology and science centres and
provide basic infrastructure.
To assist and/or monitor in projects and to co-ordinate
with State and Central Governments, industries,
research organisations.
To render complete technical and other services to
small scale entrepreneurs.
To organise seminars, symposia, workshops, industrial
visit and conferences

9. 
SG-STEP facilitates entrepreneurs in converting
the idea into a prototype and take it the proof
of concept stage. Once the prototype is proven
the proof of concept is established, small
volume production can be carried out within
PSG-STEP premises.

10. Mechanical Incubation Centre
IT Incubation Centre
Electronics Incubation Centre

11. 
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Vidvus Technology Solutions India Pvt.LTD:CAD/CAM
ALTA Infotech Pvt Ltd:Software Development
ENTREPRENEURS INCUBATEDAND
MOVED
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US Software Solutions:COM based business
Amoeba Telecom:Telecom Software
ENTREPRENEURS ASSISTED BY
PSG-STEP
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White & Co:Optimization of Impeller Design
Venus Engineers:Biomass gasifiers