Driving Innovation: The Role of Educational Institutions in Supporting Student Entrepreneurs - Parul University

livemint.com:

India, 7th May 2024: Parul University continues its steadfast commitment to fostering entrepreneurship with the expansion and enhancement of its Parul Innovation and Entrepreneurship Research Centre (PIERC). Recognizing the vital role of entrepreneurship in driving economic growth and job creation, Parul University has established itself as a beacon of support for budding entrepreneurs in India. In a significant move in 2015, Parul University registered the Section 8 company, PIERC, further formalizing its commitment to nurturing entrepreneurship.

PIERC is dedicated to providing complete support and services to startups, guiding them from inception through the growth phase. Dr. Devanshu Patel, President, Parul University emphasizes the importance of entrepreneurial skills in today's dynamic world, stating, “At Parul University, we believe that entrepreneurial skills are essential for success. The PIERC acts as a catalyst, equipping students with the tools, direction, and encouragement they need to transform their ideas into profitable endeavours." The PIERC offers a comprehensive ecosystem for entrepreneurs, including: 1. Startup Counseling & Handhold Support: 3. Access to Pre-Seed & Seed Grants & Funding Opportunities: 4. Co-working Space & Allied Resources: The impact of Parul University's Entrepreneurship Development Centre is undeniable, with over 180 startups incubated, creating over 1100 jobs and generating revenue of ₹30 crores.