TREC-STEP gets award

The Tiruchi Regional Engineering College-Science and Technology Entrepreneurs’ Park (TREC-STEP) has been selected as the first ever winner of the unique smart incubator of the year 2016 by India Smart Grid Forum (ISGF).

R. M. P. Jawahar, Executive Director, TREC-STEP, received the award at a function held in New Delhi on Thursday from Reji Kumar Pillai, president, ISGF and chairman, Global Smart Grid Forum.

The award was in recognition of TREC-STEP’s business incubation performance, innovation and societal impact, including its contributions to the power sector.

Promoted as one of the first Technology Business Incubator’s of India in 1986, TREC-STEP is a multi-stakeholder organization, with the Department of Science and Technology, Government of Tamil Nadu, Central and State Financial Institutions and by the erstwhile REC, Tiruchi (now NIT-Tiruchi) as the founding members.

In a press release, TREC-STEP said that in the last 25 years, it had proven itself as financially, the most sustainable incubator, with self-generated income to continuously sustain its path-breaking activities towards knowledge based venture promotion and incubation excellence.

So far, TREC-STEP has incubated 214 high-tech start-ups and 2250 micro-enterprises and over 6,000 new jobs had been created.

Economic growth

Apart from this, economic growth of the region had been leveraged with the healthy cumulative turnover.

Almost all the start-ups, in the recent years, had filed patents for protecting their innovative products, according to a press release from TREC-STEP.

Source : http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/trecstep-gets-smart-incubator-award/article17454157.ece

SMART GRID Bulletin May 2017


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