Lovely Professional University and Punjab Info-Tech Sign MOU to promote Entrepreneurial Projects
12/02/2010

In order to promote the innovative entrepreneurship projects and to grow the information concept, Lovely Professional University and Punjab Info-Tech (an ISO 9001-2008 certified State Government Undertaking) have signed up a Memorandum of Understanding. In this regard, Punjab Technical University (PTU), Jalandhar and LPU, together, hosted Delegates from Taiwan to establish Incubation Centers.

Online PR News – 02-December-2010 – – In order to promote the innovative entrepreneurship projects and to grow the information concept, Lovely Professional University and Punjab Info-Tech (an ISO 9001-2008 certified State Government Undertaking) have signed up a Memorandum of Understanding. In this regard, Punjab Technical University (PTU), Jalandhar and LPU, together, hosted Delegates from Taiwan to establish Incubation Centers. Dr Terial TR LU of Technology Transfer & Business Incubation Centre, National Cheng Kung University, Taiwan had round table discussions with representatives of PTU and LPU, Vice-Chancellor Dr Rajneesh Arora and Dr Sanjay Modi, respectively. Other team members were also prominently present to witness this historic moment. It is to create an environment conducive to employability and entrepreneurship for the benefit of the students and the society. The Indus Entrepreneurs (TIE) has also joined hands to it.

Apropos of this occasion, the Chancellor of the University, Mr Ashok Mittal informed: "Devising to establish an Incubation Centre, in the near future, in association and support of people like Dr LU, is really a very great moment for all of us. By converting and translating technology ideas and innovation, in various disciplines of science and engineering, into products and services, the society and students are going to be benefitted in a very befitting manner. In fact, the presence of an incubator creates an environment to encourage students and faculty members to think about setting up ventures based on their own technologies and ideas, thus promoting Research and Development also."

It is illustrative that Dr LU has been entrusted in setting up one of the largest Incubation Centre at NCK University in Taiwan. He has also worked as a patent expert in one of the most technologically advanced company, HTC. Seeming very happy on the discussions held, Dr LU said: "It has elated me to pulse that the Indian Universities are serious in imbibing the concept of Incubation Centre, which is presently limited to economy related UK, USA and Australia. Starting practicing in India, it is going to prove wonderful to accelerate the successful development of entrepreneurial companies through an array of support resources and services under incubator management."

It is worth noticing that Punjab Info-Tech is actively engaged in promoting the Punjab as one of the most investor friendly IT/ Knowledge Industry destination; whereas, TIE focuses on generating and nurturing next generation of entrepreneurs. And, the hall-mark of any Incubation Undertaking is to start-up early-stage entrepreneurial projects through its network of contacts, co-ordinations, Marketing, Mentoring, venturing capital support etc to the aspirants.