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KIIT-TBI                                                8
          CSR Partnerships




           KIIT-  TBI  has  been  communicating  to  corporates  about  the  significant
           role an incubation centre can play through entrepreneurship as a tool
           in social development. Section 135 of the Companies Act, 2013 allows
           contributions/funding to Technology Incubators located within academic
           institutions approved by the central government to be declared as a CSR
           spend.
           A  CSR Conclave was organized to sensitise about the role of CSR in fuelling
           the growth of entrepreneurship ecosystem in India. More than 24 CSR
           heads of corporate like JSPL, ACC Cements, Vedanta Aluminium, Sanofi,
           Pfizer, PPL, HAL, IFFCO, OCL, IREL, HTPL, IMFA, NINL, UNICEF, SIDBI, UCCI,
           SSI foundation, TCS  have participated in the cross talk. Vedanta and MCL   Collaborators
           have since partnered with us and will contribute towards infrastructure,
           seed money, acceleration and capacity-building activities.

           Under this initiative Vedanta partnered with KIIT-TBI along with funding
           support from Ram Narayan Seva Kendra, Mumbai in providing electricity
           to 1500 households in 55 tribal villages in Niyamgiri Hill area. The project
           was executed through KARMA Pvt. Ltd. (incubated at KIIT-TBI)  who
           manufactured and installed the HH Solar and Solar Micro Grid systems.



          Recognitions
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