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Milestones

Date Event
19 September 2005 Presentation to National Technical Committee on STEP/TBI of DST-NSTEDB and in-principle approval
16 June 2006CSIR Office Memorandum announcing "Scheme for setting up incubation centres in CSIR laboratories"
3 August 2006Approval of CSIR for the creation of Venture Center (later officially registered as "Entrepreneurship Development Center")
18 December 2006Inauguration of Venture Center physical facilities at 100 NCL Innovation Park by Prof Sir Richard Friend in the presence of Dr RA Mashelkar and Dr S Sivaram; Inaugural "Innovation and Technology Enterprise Lecture Series" by Prof Sir Richard Friend, Cavendish Professor, University of Cambridge.
10 January 2007Incorporation of "Entrepreneurship Development Center"; Dr S. Sivaram and Dr V. Premnath serve as Founding Directors; Dr S. Sivaram is Founding Chairman.
17 August 2007Sanction order from DST-NSTEDB on "Establishment of TBI at NCL, Pune"
28 September 2007MoU between CSIR-NCL and DST-NSTEDB signed for creation and support of EDC
25 December 2007Venture Center helps launch student club at NCL called NCL Technology and Entrepreneurship Club.
7-10 January 2008First formal activity/ funded event of the company (Workshop on Nanotech Commercialization)
01 April 2008First year of funding of TBI by DST-NSTEDB starts
02 April 2008First office incubatee company (Tridiagonal Solutions) inducted
28 April 2008First year of funding for TBI received from DST-NSTEDB
03 June 2008Venture Center receives approval under Section 80G of Income Tax Act
18 July 2008One-time grant for Venture Center Library received from DST-NSTEDB
26 September 2008Important visitors: Dr T Ramasami, Secretary, DST
28 September 2008First event of the Exciting Science Group/ Science Popularization initiative (Popular talk – Dr Chetan Gadgil
01 April 2009Venture Center Library opens
01 April 2009Venture Center Lab Block opens
01 April 2009Lab2Mkt program (new venture creation initiative) announced
26 May 2009First lab incubatee company (Biopore) inducted
01 June 2009NCL Research Foundation Technology Commercialization Internship announced
06 June 2009Venture Center becomes member of ISBA (India) and NBIA (USA)
03 September 2009Venture Center launches funding database; Funding database featured in DARE magazine as a cover story.
30 September 2009Venture Center expands Board of Directors to include Shri HK Mittal, Dr Rajendra Lagu and Mr AT Kusre
25 October 2009Ministry of MSME approves funding under "Support for Entrepreneurial and Management Development of SMEs through Incubators"
29 October 2009Important visitors: Dr SK Brahmachari, Secretary DSIR and DG-CSIR
30 November 2009Venture Center receives approval under TDB Seed Support Scheme for hosting a seed fund
30 January 2010Important visitors: Shri Prithviraj Chavan, Minister of Science and Technology, Government of India
05 February 2010Venture Center expands Board of Directors to include Dr KN Ganesh
13 February 2010Venture center featured on the TV channel, ET-NOW
26 April 2010IP Facilitation Centre (Inauguration on World IP Day)
12 July 2010Venture Center wins approval for Proof-of-Concept Initiative from DST-NSTEDB. Venture Center is the only incubator from India to have such an initiative.
16 November 2010Important visitors: Mr David Willetts, Minister of State for Universities and Science, UK
22 December 2010Venture Center Lab Block completes procurement and installation of planned equipment under the TBI grant of DST-NSTEDB.
05 January 2011Venture Center expands Board of Directors to include Dr S. Pal
17 January 2011Venture Center becomes TePP Outreach Centre
17 February 2011Dr S. Pal takes over from Dr. S. Sivaram as Chairman of Venture Center’s Board of Directors.
22 March 2011First seed investment deal closed by Venture Center (Start-up: Shantani Proteome Analytics Private Limited)
28 March 2011Venture Center receives approval for accepting foreign currency remittances under FCRA.
02 May 2011Venture Center promotes CSIR-Tech Private Limited; Incorporation of CSIR-Tech Private Limited
11 July 2011Venture Center receives approval under DST-NSTEDB Seed Support Scheme for hosting a second seed fund
01 August 2011IPFACE launches Pune Inventors Network
24 August 2011Venture Center receives SIRO recognition from DSIR
17 September 2011Venture Center expands its Body of Members
30 September 2011Venture Center receives in-principle approval for DBT-BIRAP Bioincubator
17 November 2011Venture Center signs Lab2Mkt agreement with CSIR-NCL
18 December 20115th Foundation Day of Venture Center
24 Jan 2012Agreement signed with DBT-BIRAP/ BIRAC under BioIncubator Support Scheme
14 Mar 2012Agreement signed with TIFAC for the TREMAP program. Venture Center designated Technology Commercialization Facilitator