Celebrated “MSME Growth Hack 10x” With Theme: “IoT To IIoT To Industry 4.0: The Evolution Of The Industrial Sector”

A Center of Excellence for Innovation, Incubation and Entrepreneurship (CEIIE) has been opened in GITAM Bengaluru. Dr. Nagahanumaiah, Director, CMTI, Govt of India, Chief Guest and T. S. GULHATI, President, Doddabalapura Industrial Association on Friday inaugurated the Centre, which is a part of International Council of Technology, Management and Applied Engineering located in GITAM, Nagadenehalli, Doddaballapur Taluk, Bengaluru Rural District, Karnataka. It has been set up in association with GITAM, on Industrial Partnership Program mode.

Addressing the gathering after inaugurating the Centre, Prof. P. V. Sivapullaiah Pro-Vice Chancellor, GITAM Bengaluru said that development of entrepreneurial and Innovation culture is prime objective. Startups may be small companies but they can play a significant role in economic growth. They create more jobs which means more employment, and more employment means an improved economy. Not only that, startups can also contribute to economic dynamism by spurring innovation and injecting competition. New entrepreneurs can bring new ideas to the table, much needed to stir innovation and generate competition.

Startups have a direct-impact on the cities that they make their homes. Look at how Infosys has changed Bangalore, Alibaba impacted Hangzhou, Microsoft changed Redmond and Google transformed Mountain View, California. All these companies started small, but as they grew, they transformed the cities where they operated. They improved employment patterns providing job opportunities to both experienced and young professionals. This led to surge in inflow of graduates and relocation of experienced professionals from different cities.

This Centre would benefit all stakeholders working in Emerging Technology and SME and Enterprise sector. With the help of this Centre, work could be done on innovative ideas. Energy Management, Industry 4.0 driven product development and manufacturing could be the immediate focus area. This Centre would also help in taking further the Start-Up Vision, the Prof. K. Vijaya Bhaskar Raju, Director GITAM School of Technology said.

Dr. Sriram Birudavelu CEO, Cyber Security Centre of Excellence, Hyderabad and Hon. Director Innovation, International Council of Technology, Management and Applied Engineering talked about the importance of Entrepreneurship, Multi-skilling and open innovation. Global networking and rapid technological change are driving the transition from closed to open innovation. By opening up the innovation process to employees and external innovation partners, a number of significant advantages can be realized.

Dr Nagahanumaiah, Director of Central Manufacturing Technology Institute (CMTI), Bengaluru, an autonomous R&D Institute under Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises graced the occasion as Chief Guest. He had served at CSIR-Central Mechanical Engineering Research Institute, Durgapur as Chief Scientist & Head, Micro-Nano Systems Technology Group for more than two decades. He received PhD, from Indian Institute of Technology Bombay, Masters in Tool Engineering from Indo-Danish Tool Room, Bengaluru and successfully implemented three major multi institutional network projects in micro machines & smart manufacturing areas.
R. Gopinath Rao, Asst. Director, MSME-DI, Bengaluru explained about the MSME schemes, Incubation and Innovation Scheme and said that prominent Institutions like GITAM Bengaluru should contribute in large scale on Innovation and Entrepreneurship which could help in increasing the business.

Dr. Lopa Mudraa Basuu, Global CIO, C|CISO, DPO, CRISC, CISM emphasised the importance of “Understanding Cyber Security Landscape”. Followed by Ram Kumar G CISM CRISC, PMP, Hon. Director-Cyber Security delivered speech on “The importance of stringent cyber security measures for SMEs”.

Nagarajan N Managing Director, WIMERA and Partner of ICTMAE demonstrated the ease of monitoring the efficiency of the machine and factory as a whole through Internet of Things supported by Cloud Analytics.

Credence Robotics, Young startups led by Subhash, CEO presented on “Developing, Designing Industry 4.0 Smart Product”. “Challenges of SMEs in Technology and Efficiency” by Mr. Nikhil, CEO, Accurate Bearing Components, existing SME in Doddabalapura Industrial Area.

Rakesh Chandra Dubey, Global Mobility Automobile And Allied Industry elaborated “Leadership and the Psychology of Turnarounds” through various references.

“It is a privilege and a great joy for me to extend a vote of thanks to all those who have contributed in one way or the other to make this workshop a success” said by Shri Suresh Babu, President, Confederation of Indian Micro, Small and Medium Enterprises at the event. Dr. Kishore Budha, Asst. Director –Placement, GITAM Bengaluru has been the driving force behind this whole process. His vision, interest and hard work have once again culminated in another success story. I wish to thank him for the efforts he has put into developing this new CoE for Innovation and Entrepreneurship management. Leaders and Volunteers from GITAM and ICTMAE deserve congratulations for a job well done. I also acknowledge the contributions of all those who have presented at this MSME Growth Hack10X.