Intended at nurturing and growing new and small business set ups by support through early stage of development and change, PK Roy Memorial College, Dhanbad has launched, the Kalam Center for Innovation, Incubation and Entrepreneurship at the MP hall building of the college.

The college at the same time has launched a skill development centre to provide adequate training in market relevant skills including communication besides various technical skills at the Girls Hostel of institute.

Talking to The Telegraph Online on Wednesday, BK Sinha principal said, “We would nurture the innovative business ideas of the youth during the formative stages through fund and technical support with the help of industry and financial institutions like banks. We would organise various seminars, conferences and workshops during the month of January 2022 inviting the industries and financial institutions, guiding the students about emerging areas in which new business initiatives can be launched” said Sinha and added that the overall aim of establishing the incubation center is also making the college self reliant in terms of finance through generating it’s own resources by taking up industrial projects and others."

“We would be also taking the help in incubation of IIT (ISM), Dhanbad after submitting a formal proposal to the institution where a Atal Community Innovation Center has already been launched in September this year which is already on the job helping the various entrepreneurs of Dhanbad other parts of Jharkhand,” said Sinha.

“As part of the incubation centre we provided them management training, business plants and prototypes of successful ventures,” said Sinha adding that the mentor at the incubation centre will conduct a detailed research on the business plan and then come up with some effective strategies to cope with various challenges that that may come with potential solutions for them. As part of the skill development centre, we will be imparting training in market oriented skills to students to help them earn better livelihood,” said Sinha.