SMP New Delhi [India], May 7: Parul University
continues its strong commitment to promote entrepreneurship with the expansion and enhancement of its Parul Innovation and Entrepreneurship Research Center (PIERC). Recognizing the vital role of entrepreneurship in economic growth and employment generation, Parul University has established itself as a symbol of support for budding entrepreneurs in India. In a significant move in 2015, Parul University registered the section company, PIERC, further formalizing its commitment to nutrition. Entrepreneurship. PIERC is dedicated to providing full support and service to startups, guiding them from inception to growth stage. Emphasizing the importance of entrepreneurial skills in today's dynamic world, Dr. Devanshu Patel, President, Parul University, said, “At Parul University we believe that entrepreneurial skills are essential for success.PIERC serves as a catalyst, providing students with the tools, direction, and encouragement needed to transform their ideas into profitable endeavors. PIERC provides a comprehensive ecosystem for entrepreneurs, including 1. Startup mentorship and support.

* Individual guidance and support is provided to aspiring entrepreneurs * Helps students refine their business ideas and align them with real-world needs and challenges

2. Fab Lab with advanced technology for rapid prototyping:

* State-of-the-art facility equipped with state-of-the-art technology such as 3 printers, laser cutter and CNC router * Facilitates fabrication and testing of prototypes, thereby expediting the product development process.

3. Access to pre-seed and seed grants and funding opportunities:

* Connects startups to various sources of funding, including pre-seed and seed grants * Guidance in securing funding from private investors, government grants, short-term loans * Empowers startups to navigate the funding landscape and fuel their growth helps in accessing financial resources for

4. Co-working spaces and associated resources:

* Provides flexible workplaces, meeting lounges and seminar halls for startups for collaboration and innovation * Creates a conducive environment for networking and knowledge sharing among entrepreneurs

5. Customized Startup Schedule:

* Includes Incubation Program, Launchpad Program, and Acceleration Program tailored to startup's specific goals and challenges * Provides structured support and mentorship to help startups grow and scale their business

6. Product Development Facilities:

* Equipped with facilities and resources to drive product development and refinement * Enables innovators to prototype, test and iterate their products to ensure market readiness.

7. Mentor Connect with experienced startup mentors and domain experts * Facilitates connections between startups' experienced mentors and domain experts * Provides invaluable advice and support to help startups accelerate their growth and success .With over 180 startups, the impact of Parul University's Entrepreneurship Development Center is undeniable. Incubated, generated revenue of Rs 30 crore by creating more than 1100 jobs. Additionally, PIERC has educated over 40,000 students in entrepreneurship and facilitated funding of over Rs 8.6 crore to support startup ventures, Parul University's Entrepreneurship Development Center to nurture the next generation of entrepreneurs and innovate and is committed to promoting economic growth through enterprise. With its comprehensive support system, PIERC is empowering students to transform their ideas into reality and further enriching India's entrepreneurial landscape.To get more information, please visit: https://paruluniversity.ac.in [https://paruluniversity.ac.in] /