FXEC Business Incubator

FXEC Business Incubator is one of the Business Incubator Approved by Micro Small and Medium Enterprises (MSME), New Delhi as an authorized business incubator under the scheme Support for Entrepreneurial And managerial Development of SMEs through Incubators from March 2022.

This scheme is to promotes emerging technological and knowledge-based innovative ventures that seek the nurturing of ideas from professionals beyond the traditional activities of Micro, Small & Medium Enterprises (MSMEs).
The Ministry of MSME provides financial assistance up to 85 % of the project cost up to the maximum of 15.00 Lakhs. This fund is routed through the Business Incubator (BIs).

FXEC Business Incubator as a Host Institution is exploring the new innovative ideas from the Incubatee of various sectors that may be existing and prospective entrepreneurs.

The key goal of the scheme is to promote and support Innovation, which functions with the following prime objectives:

To incubate creative ideas from individuals through FXEC Business Incubator as one of the HI (Host Institutes).
Implementing the latest manufacturing technologies into present industries.
Encourage MSMEs to engage with enablers to support expansion by developing design strategies and executing them.
Funding potential startups with soft loans.
Motivate to forge connections and thereby properly commercialize their products.

MSME IDEA HACKATHON 3.0

FXEC Business Incubator In-charge:

Dr. K. Lakshmi Narayanan, M.Tech.,Ph.D.,

9840624407

fxecbi@francisxavier.ac.in

Projects Approved by MSME

S.No	Ref.No	Incubatee Name	Title of the Proposed Innovation	Sector	Grant
1	IDEATN003989	Dr. C. Subaraj	Sustainable Design and Development of Extraction with Palmyra Palam Pulp System	Agriculture	7 Lakhs
2	IDEATN003742	Dr. M. Kannan	Solar Tracker for Heavy Solar Collectors	Power	12 Lakhs
3	IDEATN007689	Mr. Jey Siddharth	Smart Farming using Embedded IoT and Mobile Application	Digital Agriculture	3.5 Lakhs
4	IDEATN007384	Dr. A. Anitha	Voice Assisted Smart Wheelchair	Low-cost Indigenous Digital Healthcare System	14.6 Lakhs
5	IDEATN007677	Mr. D. Giftson Raj	Design And Manufacture Of Decorative Power Gen Window	Eco-friendly & Sustainable furniture	10 Lakhs

MSME Business Incubator

MSME IDEA HACKATHON 3.0