MOU BETWEEN BASAVESHWAR ENGINEERNG COLLEGE, BAGALKOT AND KBITS
Karnataka Government had constituted the Karnataka ICT Group under the Chairmanship of Sri Mohandas Pai to suggest various strategies and steps to be taken to increase the employment and revenues in the ICT sector in the state. The Committee has submitted the Report “Karnataka ICT Group 2020 i.e., KIG 2020 Report with several recommendations. One of the recommendations of the Committee was to build “New Age Incubation Network” in Engineering Colleges that are in the emerging ICT centers.
In the State Budget 2013-14 it has been announced as follows –
“To encourage Entrepreneurship and Innovation it is proposed to establish incubation centers in ICT sector in association with selected Engineering Colleges”.
The Department of IT,BT and S&T, Govt. of Karnataka had formed a committee to select the engineering colleges. 9 Engineering Colleges in the state have been selected and guidelines to implement the above scheme have been finalized.
Accordingly incubation centers will be set up in selected Engineering colleges. Basaveshwar Engineering College is one of the 9 esteemed selected colleges in Karnataka to implement the above scheme.
Up to Rs 3 Lakhs will be provided by the Govt. of Karnataka to each selected IT project and each college can take up maximum of 10 projects in a year.