Central Tool Room (CTR) Ludhiana is an Indo-German project setup under bilateral agreement on technical cooperation between Government of India & Government of Germany in 1980. It is working under administrative control of Ministry of Micro, Small & Medium Enterprises, Government of India. Our core service areas are Tooling development, Rapid prototyping, Heat treatment and Training.
Under the mandate to promote entrepreneurship and innovation, CTR has started its Incubation Centre – Udyamita Vikas Kendra.
Ministry of Micro, Small & Medium Enterprises, Government of India & GIZ are implementing a bilateral cooperation project – ‘Innovation, Modernization & Qualification’ (MSME INNO)’. Under this program, MSME
INNO intends to strengthen the startup and incubation ecosystem in Ludhiana region. For this purpose, it seeks to engage an incubator based out of a technical institute to provide services for incubatees/startups supporting them in their journey from ideation to commercialization of their ideas.
With this context, CTR Ludhiana is submitting this project proposal to GIZ for Strengthening Incubation & Start-Up Ecosystem in Ludhiana.
VISION.
CIED’s vision is to strengthen the incubator and innovation ecosystem in Odisha and to provide dynamic, technology-based entrepreneurs with an environment to translate knowledge and ideas into successful ventures.
MISSION.
CIED aims to nurture start-ups and innovators, and create an ecosystem for them, which encourages innovation and creativity in the Odisha region. To achieve this objective, CIED works with incubatees by
- Providing state-of-the-art facilities and equipment, and a co-working environment that allows for idea exchange and networking with other entrepreneurs.
- Helping throughout the idea-to-market stage with Boot Camps and focused Training Programmes.
- Organizing of events that serve as networking platforms, connecting incubatees to actors in the innovation ecosystem, such as investors.
- Providing skilled mentors, matched to the specific start-up’s needs and technical focus.
The scope of this document is to define the policies and procedures for the operational matters related to the CIED, Ludhiana. The policy is subject to periodical review and amendments. CTR, Ludhiana reserves the rights to make an exception of all or any of the terms of policy for a particular company or a promoter on a case to case basis.