Crescent Innovation and Incubation Council celebrates 2nd Foundation Day and Demo Day of Start ups
Chennai, 27th March 2021:
Crescent Innovation and Incubation Council (CIIC) celebrates 2nd Foundation Day and Demo Day of start-ups today, where a live demonstration of CIIC start-ups technologies & products were showcased.
Crescent Innovation and Incubation Council (CIIC) has been established under Section-8 as a not-for profit company under the ambit of BSA Crescent Institute of Science and Technology and acts as a one stop shop- Technology Business Incubator (TBI) for start-ups in the areas of Life Sciences, Industry 4.0 and emerging areas like 5G, Fintech, Mobility and transportation.
Currently, CIIC supports 20 student start-ups, 10 faculty start-ups, 31 external start-ups and 10 alumni start-ups. More than 450+ people have found employment opportunities through CIIC startups. CIIC emphasizes the mantra ‘patents to start-ups’ and has supported 70 patents processing. Even though government given seed grants to CIIC towards startups & raised Rs. 4.9 Cr and Rs. 41.5 Cr. of private investment funds.
CIIC is supported by BIRAC-BioNEST, Department of Biotechnology Govt of India, with an incubator funding of Rs. 1.8 Cr. The European Commission has recognized CIIC as an India Incubation Partner. CIIC is also ranked as 3rd Top Private Bio-Incubator in India by a leading magazine called “Biospectrum”. CIIC is the first incubator in TamilNadu to enable startups to receive 17 Innovation Voucher Program (IVP) grants offered by Entrepreneurship Development Institute of India , Tamilnadu since inception.
CIIC has profoundly implemented the National Innovation Start-up Policy put forth by the Ministry of Education and has obtained the BAND A (6th-25th) rank in ARIIA (ATAL ranking of Institutions on Innovation Achievements) in the category of “University & Deemed to be University” (Private/Self-financed) and has received 5-STAR ranking from Institutions Innovation Council (IIC).
CIIC provides excellent infrastructure, connects with global investors and resilient industrial connections. CIIC has a huge pool of eminent mentors in various thrust areas. CIIC strongly believes that the future of the world depends on innovative creations of start-ups.
Mr. M. Parvez Alam, CEO & Director of Crescent Innovation & Incubation Council (CIIC), highlighted that “Crescent is making consistent efforts to create more employability among students and making them as future ready entrepreneurs.”
The CIIC has also been steadfastly supported by the Chancellor Mr. BSA ArifBuharyRahman, Pro Chancellor Mr.Abdul Qadir ARahman Buhari, Vice Chancellor Dr.A.PeerMohamed and Registrar Dr.A.Azad and also other senior management team.
