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DST TEC, in association with the Institutions Innovation Council of Nitte DU, Nitte- GoK-COE Aquamarin, and Section Infin-8, jointly organized a panel discussion on ‘Challenges faced by Startups in Technology Commercialization’ on 13 May 2025 to commemorate National Technology Day. The theme for National Technology Day 2025 was “YANTRA - Yugantar for Advancing New Technology, Research & Acceleration”. The event took place at the University Auditorium at Paneer Campus at 10.30 AM. Prof Indrani Karunasagar gave the opening remarks and mentioned how National Technology Day came into observance to commemorate the technological advancement achieved on May 11, 1998 with Operation Shakti and how this day serves as a testament to India’s technological achievements and determination to harness science and technology for national development.
Prof. Iddya Karunasagar introduced the panelists to the gathering and also moderated the panel discussion. The panelists included Mr. Sumanth Shenoy, M/S Stelna Designs, Mangalore; Mr. Manjunath Bangera, M/S Sitaara, Mangalore; Dr Biju Thomas, Dentronics, Mangalore; and Mr Karthik Attavar, Section Infin-8, Mangalore.
The panelists shared an in-depth knowledge of their journey in establishing startups, focusing on the challenges encountered from the inception stage to the present. They focused on the commercialization challenges of startups like funding, compliance with regulatory and technical requirements, and scaling of the startup. While initial funding could come from Startup India, National Initiative for Developing and Harnessing Innovations (NIDHI), NIDHI PRAYAS (Promoting and Accelerating Young and Aspiring Innovators and Startups), BIRAC and other sources. It was pointed out that the aspirants of grants should know where to look for grants and make the proposal carefully to fit the requirements of the call for grants. The panelists urged prospective founders to never give up on their business goals, no matter how terrifying the path may appear, and to see setbacks as teaching moments. Scaling up can be at different levels and DST TEC is providing support to Startups to move up the Technology Readiness Level. The participants also sought clarifications on various points discussed.
About 150 participants, including staff and students of Nitte University Centre for Science Education and Research, Nitte Institute of Communication, and Nitte Usha Institute of Nursing Sciences, attended this interactive panel discussion.

News Date : 2025-05-19

Last updated 2025-05-19 04:29:07