Industry & Economy
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Awards & Honours
Award for PSG-STEP
Our Bureau
COIMBATORE, May 20
THE PSG Science and Technology Entrepreneurial Park (PSG-STEP) has bagged the Best Science and Technology Park award for the year 2002.
The Department of Science and Technology had rated the five-year-old PSG-STEP as the best science and technology park in the country for its notable contributions to the development and commercialisation of technology. There are 20 STEPs in the country today.
The PSG-STEP Executive Director, Mr V. Raghavendra Prasad, received the award, which comprised a shield and cash prize of Rs 1 lakh, from the Vice-President, Mr Bhairon Singh Shekawat, on May 11 (Technology Day).
Established in 1998, the PSG-STEP, according to Mr Prasad had the distinction of setting up the largest IT incubator-cum-software park in the country.
As many as 63 ventures have been incubated from this park so far mostly in the areas of Very Large Scale Integrated (VLSI) Circuit design and embedded software, network management, convergent traffic analyzer, knowledge management, applications in banking, insurance and finance, touch-screen kiosks applications, corrosion management software besides ITES.
The PSG-STEP assisted companies employ over 800 persons (directly).
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