 Building a business involves a step-by-step journey that starts with an idea and progresses through various stages of planning, development and execution. Handholding young entrepreneurs at the student level is instrumental in fostering a generation of innovative thinkers and doers. SREC Spark Incubation Foundation is one such institution that provides support, mentorship and resources to make meaningful contributions to the economy and society. SREC Spark Incubation Foundation is a Section 8 company which comes under Shri Ramakrishna Engineering College, Coimbatore and our trust is SNI's Unchattable Trust and out of 17 institutions we are one among 10. And this Incubation Centre facilitates the young entrepreneurs who want to convert their idea into the final stage of product, go to an journey of startup. We facilitate all the facilities in our Incubation Centre. The Incubation Centre basically is for the stakeholders which we have developed. The students come with a basic, very basic idea, they don't know how to bring that idea into a product. So Incubation Centre, as I am to pitch in their idea, validate them with the panel of members and we see that whether that product is viable for the market which is needed for the market and we will take that product if it is going for the next stages. So we give them a seed fund, we prolong them with the mentoring, networking sessions. So we make them to the next level. So the products which are out of that idea, first the MVP model has been generated. After the MVP multiple stages of grants is required for them to go to the next stage. That is also being taken care by the Incubation Centre. We go with the three different models. One is the Launchpad model where the students come with no idea how to go to the startup journey, entrepreneurial journey. So we teach them from the basic level. The second is they have a product with them, go into the market, we teach them how to go into the market. Third is already they are established, they need a rental basis. So that also has been provided with the equity-based model. And basically here in the SRAC Spark Incubation Foundation we have 12 incubators as of now and out of 12, nearly 6 are women entrepreneurs and in that journey we have 3 different portfolios. We are focusing on EV models, we are focusing on waste management, we are focusing on AI based models. So we are segregated this engineering solutions has been given in all these 3 focus areas. In that specifically to say that for AI domain we have RBG.AI where they give AI solutions for many industries and for the projects which has come from the industry, we have the exchange program also. We give them the tender and ask them to complete the projects. So when they entered into the Incubation Centre they were around 4 members. Now they have been expanded to 60 member team and the stakeholders are getting benefited by the recent trends in AI, that is the RBG AI. Our general approach is basically getting the requirement from our client. From the requirement we try to see which is the best suitable idea that works. So the moment we have let's say a basic idea of what the solution would look like. Let's say for example one of our client is BDO where we are extracting bills, shipping bills and giving them a JSON format. JSON is nothing but a key value pair output that they can utilize in their system. And the bills that they have shared with us have a very complex nested tables that is tables inside tables. So in order for us to give them the output in that particular format that they needed in we had to first implement OCR based system where OCR stands for Optical Character Recognition. So we are recognizing text from the image that is then converted to a particular let's say we are again we are recognizing characters then we are phrasing them into words once they are phrased into words then we are mapping them based on the requirement that the client has. One of the biggest challenges was the complexity of these tables. So generally when we talk about tables like let's say a simple bill it would only have straight columns and you know the column name and you know the values that are there. But in this case each page will have multiple tables and there are different types of tables. So that makes the extraction challenging. So that was one and another thing was that they were expecting something some certain level of accuracy from us they wanted a 90 plus percent accuracy in terms of extraction. So that was another thing that we achieved where we were giving them 95 percent plus accuracy. Apart from that another thing that was a no way to idea from our end was notification system where for any kind of say if there was any issue in terms of extraction our system would tell them that OK there is this particular section where you can look into there may be an extraction issue. So when it comes to the process we are we are the client basically gets these bills in the form of PDF files. These PDF files are then read by our system and the thing is these files or these bills they can go over hundreds of pages so they are not one page or two pages of bills. So the first part of it was optimizing by either batch processing it that is processing them in say sets of pages in order to make that faster plus they would get multiple bills. So you can't keep putting a single bill at one time. So we even came up with an idea where they can zip files in one particular folder and then they can provide it to the system. Our system then forms a particular queue where we are handling say like let's say when you go to a mall you don't have one single counter you have multiple counters. So in a similar fashion we also implemented a system that basically helps us create those kind of counters. And along with that we have the main AI module that takes care of the extraction. There's a mapping module that maps it based on their needs. So another requirement that the client had is they want to be able to change the names of the final output when they get it. So what like one of the biggest challenge basically was for us to ensure that we take the name that they give us. So basically they are just updating another Excel file where they can change the names according to their needs. We consume the Excel file and we give them the output in the exact format that they need it in. We are trying to become a center of excellence for certain colleges where we can get the college also to help us out in terms of growth not only from let's say a project perspective but also in terms of resources. The second one is the Texas Solutions Private Limited. He was a faculty member and mentored the students and that product was really useful for the energy solutions so renewable energy solutions. So that product was chosen by BSD, Texas Instruments, Hackathon was conducted in the IAM Bangalore and it was selected and they incubated in IAM Bangalore for two years and funded for 25 lakhs. And after completion of the project and it was a good product to the market they came back back to the forum. The three members joined together as the directors and they started the forum here. So we gave them the seed fund and all the mentorship was given through the SRAC and SRAC Spark and finally now they are into a multiple smart grid energy solutions using the solar panels. Nowadays the energy demand is keep on increasing due to industrialization a lot of people are looking for an alternative energy resources so that is what the major cost our government has taken a lot of steps for bringing renewable energy resources as an alternative source for that. So we are a company doing such a kind of source for the society as well as for the people as an alternative energy resources. So we have identified a solution called private power sales model so everywhere people are getting the power from the grid right now we are planning by installing our own power plants in their roofs as well as in ground mounted also. So we will be providing the power for them as a private power sales so they will be getting the power from our side as a private power. Ourself will be the power producer and then the people will be the power user along with the government body we will be putting a tripod or agreement. So by using the government channel we will be injecting the power to the grid and then the utility people will be using that power. So innovation in the sense we are right now focused on best technology battery energy storage system. So it is like a container based battery energy storage system normally in peak hours there will be more demand. So normal in India 4 to 5 years irradiance will be very high solar irradiance will be high remaining hours we are looking for an alternative energy source. So during their time our best technology will be a suitable one so from the morning hours it will be getting charged during the night time from the best the power will be injected to the people. Our USP is we are focusing on the converters right so we are having a module based converters so that will boost up the solar power out into an 3x times. So we are using an MPBT based boost converter that will boost 24 volt into 120 volt. So it works on normal MOSFET based boost conversion so it will convert it is a purely transformer less methodology it will boost getting the input from the solar panel it will boost thrice the time. By using this boost converters we can reduce the number of panels say for example our requirement is 1 megawatt means if you want to use some 10,000 panels means we can reduce the number of panels by using our converters we can achieve by using 7000 panels itself. So this is from this we can reduce the cost as well as efficiency can be can also be achieved higher while comparing with the existing panels. The Glantra Technology is one of the incubator of SREC Spark Incubation Foundation where they convert the waste plastic bottles used plastic bottles into a 3D filament. Now the Glantra Technology have three different product models the first one is a machinery they do the complete machinery sell the machinery in a to any organization in corporate structure or to the lower restaurant level where the machinery can be used the second model is they convert that plastic bottles into a 3D filament that 3D filament can be utilized by the industries or by any academia institution also where it has been nowadays commonly used for doing all the project models the third is this 3D filament can be directly connected to a 3D complete machinery a model machinery where printing 3D printing machinery that 3D printing will be giving us the gift articles or models or any type of prototype which you want to develop all those things can be done directly connecting the machinery to the 3D printing machine so these three models are being generated by the Glantra Technology where they have patented and they are taking it forward one of my friend running a NGO that NGO main aim is to clean some of hill station they are collecting a many water bottles waste water bottles that waste he said water bottle collecting is simple but it's disposing is very difficult to dispose first scenario is that second scenario is one of my student they are producing a 3D model in 10 mm model it's cast is so high we creating these two scenarios we combine these two scenarios and create this model why can we convert a waste water bottle into a 3D filaments that that is fine we are starting this stator first company to produce a mission hybrid mission it's convert a waste water bottle into a 3D filament as well as 3D printing models now 3D filament making is a separate process 3D printing is a separate process we have only one mission to solve these two problems we are just putting in 3D waste to plastic bottles it convert as a filament as well as a printing model it's a single mission most of the students at the students point of level it has a project level so they are giving lot of innovation ideas but they don't know how to go into the market whether the entrepreneur journey will they be able to take whether they have the passion towards that all those things will be kindled by the incubation center and the innovation center in the campus so the incubation center will have a pre incubation center where the students will be pre incubated if they have a good idea so if that idea can be given as a seed fund to them to convert that to winter minimum viable product so the students will know that they are capable of doing an innovation project so if the project is good and if they want to come to a journey of startup they move we incubation center support them so nowadays you know that then going into an employment the job creators are more important so according to our make in India and all the schemes which has come so moving towards the goal objective of the country we take that students into the next level of innovations idea to the product that can be done for the students these centers play a pivotal role in bridging the gap between academia and industry fostering economic growth and creating a sustainable innovation ecosystem