Pandian Saraswathi Yadav Engineering College

Before you contact CFIE

• Start with a clear idea and the stage it is at: initialisation, design, experimentation or prototyping.
• Ask whether the incubator takes founders from outside PSYEC, since the public pages do not say.
• Ask what the early stage funding covers and whether any equity or fee applies. The pages do not state these terms.

How to reach CFIE

• Use the contact form on the CFIE website, or call the number listed there.
• Application steps, intake dates and selection criteria are not published on the pages reviewed.

The Centre For Innovation and Entrepreneurship (CFIE) is the business incubator of Pandian Saraswathi Yadav Engineering College (PSYEC), on the college campus at Arasanoor, Thirumansolai, Madurai-Sivagangai Highway, Tamil Nadu. It is incorporated by the college to support a start-up company in its early stages, from initialisation and design through experimentation, prototyping and seed development, before the business can sustain itself.

What the incubator provides

CFIE says it offers office space on the PSYEC campus, early stage funding, infrastructure support, and access to mentors, industry experts and investors. Its services page lists connectivity, hardware and software support, prototype development, capacity-building programmes, trainings, workshops, mentoring, B2B sales and marketing, and equity raise support.

Recognition

The college's own pages say CFIE is recognised as a Host Institute and Business Incubator under the Ministry of MSME scheme for supporting entrepreneurial and managerial development of SMEs through incubators. The pages also say CFIE functions as the Program Implementation Agency for NSTEDB of the Department of Science and Technology.

Who runs it

The team page names a CEO, two directors, a general manager and heads for incubation and start-up initiatives. Its mentors page lists serial entrepreneurs, investors and start-up founders.

Companies and students

The incubated companies page names start-ups including Rainstock, Simpery, GreensCart, YAVI, Skillgrew, MobitY and Plasto Pavers. CFIE also runs student innovation projects, called PSY Spartans, where students from different disciplines work on a real business problem.

Who can apply

The pages describe support for early-stage start-ups. They do not say whether founders from outside PSYEC may apply, or whether a student or alumnus of the college is required. Ask CFIE through the contact form before you apply.