Chandigarh: 11th March, 2024: Another moment of prestige and honor for Punjab Engineering College (Deemed to be University), Chandigarh, as one of the 3 teams of Entrepreneurship and Incubation Cell (EIC-PEC) had secured Silver Medal (USD $500) prize in Global Scaling Challenge (GSC) Regional Challenges. This team is selected to present their ideas in the final & main event to be held on 26th & 27th of April, 2024. 

In this challenge, the teams were asked to design solutions to scale up an active space debris removal company. The whole competition was mainly focused to clean up the residuals of spacecraft & satellites from outer space. Student team of EIC-PEC provided valuable ideas as of to tie-up with the Israeli Government, to use Laser Debris Removal System, to expand the product, also to analyze its rivals for creating a customer opinion of the markets, Use of AI to give predictions about the future market trends and also to make use of Data Analytics & Forensics to create a customer base. Students also presented a year-by-year plan for the expansion & growth of the company. 

This challenge was organized in an Online Mode by the Anderson School of Management at the University of New Mexico along with many other experts across the globe. Regional Challenges were held from March 6 to 8, 2024. A total of 19 countries across Asia participated in this event. The competition challenged the student teams and their mentors to comprehend complex scaling challenges/needs of ‘live’ entrepreneurial small firms and design strategies for their short-term and long-term growth. 

The team of EIC PEC was mentored by Dr. Simranjit Singh (Coordinator, EIC). He is feeling proud of his own students for this achievement. He said that along with co-coordinator of Entrepreneurship and Incubation Cell and of this team, and with the support of the Director, Prof. (dr.) Baldev Setia, PEC faculty and students will do many more things to promote Entrepreneurial skills. 

Director, Prof. (Dr.) Baldev Setia had also expressed his warm wishes for students of EIC, PEC. He congratulated the students and team coordinators for this exceptional success. PEC has been continuously thriving in the fields of academia, research and innovation and it will touch great heights in the coming years.