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E-Waste & Plastic Waste Technology Business Incubator Inaguration

Vel Tech Technical University Chennai, National First fully-fledged E-waste & Plastic waste Technology Incubation Facility for initiating technology led and knowledge driven enterprises was inaugurated by Shri Y. S. Chowdary, Hon'ble Minister of State for Science & Technology & Earth Sciences, Govt. of India on 20th June 2015 at 11.00 am in the presence of Vel Tech Technical University Founder Chancellor & President Col.Prof.Dr.Vel R.Rangarajan, Chairperson & Managing Trustee Dr. Mahalakshmi Kishore, Vice President Kishore Kumar, Chancellor R.P.Bajpai & Vice Chancellor Prof. Beela Satyanarayana.


This E-waste & Plastic waste Facility was funded by Department of Science & Technology Govt. of India under the Technology Business Incubator Initiative with the Total Cost of Rs.5.10 crore.


This facility includes E-waste & Plastic waste equipments like Shredders, Plastic Crusher, Plastic Baler, Magnetic Separator, Eddy Current Separator, Electrostatic Separator, Ball Mill & CRT separator are open for Vel Tech Students and public who wish to start their business on E-waste & Plastic waste Management. Vel Tech University helps the start-ups with office facility, conference hall, communication (Telephone, Internet) and also soft loan/seed money through funding agencies like DST & MSME, Govt. of India to growth their business Model. Any ideas/services/Products which are near commercialization stage can also be funded with the maximum of 6-8 Lakhs by Vel Tech MSME Business Incubator which is jointly set up at Vel Tech University with the funding from Ministry of Small & Medium Enterprises, Govt. of India. In total 25 Startups are working in Vel Tech Technology Incubator covering e-waste, 3D Printing, VLSI, UAV, Embedded systems, Robotics, Automotive Technology & IT&ITES.



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