Incubation Labs At Third Generation IITs Strive For The Success Of Budding Entrepreneurs
Incubator laboratories assist budding entrepreneurs in bringing their concepts to reality and turning them into marketable goods. In other words, it is the best place to forecast the product's future. The focus of incubators is on how ideas should be implemented and turned into reality, and not to let them remain an idea itself.
Incubation centres at IITs play an important role in terms of establishing any startup. They provide various facilities which can be beneficial to entrepreneurs who aspire to make it big in the start up industry. From basic facilities to technical and business mentoring, to funding opportunities, access to departmental resources, alumni connections, company registration and filings, accounting and HR services, intellectual property (copyrights, trade marks, patent) filings, venture capitalists or investors introductions, seed funding support and governmental agency funding etc, all can be availed at these incubation cells..
Careers360 has undertaken a mammoth task of data collection and analysis of the incubators labs at India’s premier engineering and technology institutions. Earlier, instalments had details about first, second generation IITs. This is the last copy of the series, where we present details on incubation centres at third generation IIT’s. The third generation IITs were once established in 2012 to 2016, so most of the incubation labs here are still in a setting up phase.
Also Check- Analysis Of Incubator Labs At Old IITs Across India
IIT Varanasi
The IDAPT-HUB Foundation of IIT Varanasi has started a Technology Innovation Hub (TIH) that is an incubation centre to foster ideas and innovations arising from the scientific, technological, and knowledge capital. The hub will help to produce commercially viable and socially impactful products, processes, and services that will contribute to the economic growth and social well-being of the country.
This will be accomplished through setting up the infrastructure required for the development and translation of technology into market readiness. Also by encouraging existing businesses to use technology, and by encouraging the development of start-up businesses. The development of networks between the financial institutions, the service sector, government, and academics will be crucial in fostering the entrepreneurial ecosystem.
Highlight | Information |
Facilities |
|
Chargers of using the labs |
Early-stage-3,000 Rs. Expansion-stage -5,000 Rs.
Early-stage-8,000 Rs. Expansion-stage -15,000 Rs.
|
IIT Palakkad
The Technology Innovation Foundation of IIT Palakkad, TECHIN was established to support entrepreneurs, find innovative ideas, and build an effective innovation ecosystem. Also by supporting and enhancing research, skill development, translational research, and product in cyber-physical systems with a focus on intelligent and collaborative systems (ICS). It hopes to increase India's competitiveness, enable sustainable economic growth, and create jobs.
The Government of India’s National Mission on Interdisciplinary Cyber Physical Systems has established the Technology Innovation Hub on Intelligent Collaborative Systems, TIH-ICS at IIT Palakkad. The main motive of TIH-ICS is to coordinate and integrate national efforts encompassing knowledge generation, research, development and innovation.
To support the TIH-ICS, IIT Palakkad created the IIT Palakkad Technology IHub Foundation, IPTIF. The objectives of IPTIF include the development of human resources and skills, the creation of products, the incubation of startups, the promotion of entrepreneurship, and cooperation with other institutions and organisations.
IIT Tirupati
IIT Tirupati promotes entrepreneurship among its faculty, staff, research scholars, and students in keeping with current trends in higher technological education worldwide. IIT Tirupati will directly and actively promote innovation and business incubation activities.
IIT Tirupati also offers funding for incubation to outside startups that have faculty, staff, researchers, scholars, or students involved as mentors. The commercialization of cutting-edge innovations created at IIT Tirupati as a consequence of incubation will be extremely advantageous to IIT Tirupati as well as society at large and will help our nation's economy recover.
Highlights | Information |
Facilities |
|
Funding programmes | DST, TDB, DBT, MOE, AICTE, TIFAC, DSIR, CSIR, BIRAC, NRDC, NSTEDB, DRDO, Invest India, Start-up India, MSDE, MSME, MeitY, NGO, and other government and non-government sources. |
IIT Dhanbad
The Institute's nodal centre, the Centre for Innovation, Incubation and Entrepreneurship (CIIE) focuses on supporting businesses from the idea stage to growing operations by offering the required assistance and support to entrepreneurs. Funds by CIIE are offered to scale up already existing commercial or social ventures or ideas, commercialise technology innovation(s), or offer services to bigger enterprises.
The goal of the center's design strategy is to create an educational system that promotes entrepreneurship and start-up possibilities for faculty, alumni, and students. It offers means to create an entrepreneurial agenda, manage ownership of intellectual property rights (IPRs), licence technology, and share stock in start-ups or businesses founded by future entrepreneurs.
Highlight | Information |
Funding programmes | MSME Idea Hackathon, other MSME program |
No.of incubatee and start up companies |
|
Also Read| Incubator Cells At Second Generation IIT's: Guiding The Entrepreneurial Spirit Of Young Indians
IIT Bhilai
IIT Bhilai Innovation and Technology Foundation (IBITF) has received funding from the Government Of India’s Department of Science and Technology to operate the Technology Innovation Hub (TIH) for Financial Technologies (FINTECH) area as part of its National Mission on Interdisciplinary Cyber-Physical Systems. The IBITF serves as the focal point for entrepreneurship, Research and development, Human resource development, skill development, and collaboration-related initiatives in the field of financial technologies.
The goals of IBITF are modern financial technology research and development
finding and fostering young professionals and students with entrepreneurial skills. Its focus is on building capabilities and leveraging human resource and skill development at different levels. It makes an effort to help India assume the role of leader in the financial technology revolution. It collaborates on a sustainable ecology on a national and worldwide scale.
IIT Goa
The Centre for Incubation and Business Acceleration (CIBA) is a technological company incubator with offices in Goa and Mumbai. This centre for incubation and company acceleration, supports and nurtures startup firms by offering services including incubation, contemporary office spaces, coaching, networking opportunities, seed investment, and fast prototyping. CIBA is dedicated to expanding a cooperative entrepreneurial network.
Highlight | Information |
Establishment Years | 2000 |
No.of incubatee and start up companies |
|
Facilities | Conference room, Auditorium, Cafeteria, Training, Meeting room, 3D printing, Networking, Food Processing Lab, Event, Mentoring, Seed funding, Gaming zone |
IIT Jammu
The Institute Incubation and Innovation Council (I3C) at IIT Jammu aims to implement the ideas of India's scientific, technological, and industrial think tanks into the country's demand and supply chains for goods and services. I3C pledged to address social issues through rapid advancements in technology by converting the Indian ecosystem to a circular economy. By utilising the gifted and enhancing their talents, I3C strives to incubate, start , accelerate and scale the enterprise while offering the entrepreneurs of Jammu, Kashmir, and elsewhere a strategic entrée into the circular economy. I3C works to foster an innovative and incubatory culture at IIT Jammu.
Highlight | Information |
Establishment Years | 2021 |
Facilities | Instruments, Equipment, Labs, Library, Design, Softwares and hardwares |
Fee | Various Service Charges and fees need to be paid for several things. |
IIT Jammu's pre-incubation cell, the Institute Innovation and Entrepreneurship Development Centre (I2EDC), is where industry-relevant ideas are developed into products that are ready for the market. With the participation of all IIT Jammu stakeholders, the I2EDC is well-structured to process, identify, facilitate, develop, innovate, ideate, and pre-incubate. This formed IIT Jammu Incubation Unit, I3C, assists pre-incubates to incubate their firm through startup mode after ideas are preincubated and prepared to be offered in the market.
This incubator unit is building a thriving ecosystem with the help of mentors from its alumni network and the alumni networks of other IITs, investors, strong backing from government funding agencies, and the technical skills of its teaching community.
IIT Dharwad
IIT Dharwad is working on innovation and research but no such incubation lab is mentioned in the official website of the college.
Each IITs is working towards the improvement and development of its lab with the latest technology and machinery. And due to the boom in the start-up businesses in India, not just IITs but other top institutes of India too are opening up their labs and facilities for entrepreneurs.
Also Read| Goal Oriented Research And Innovation Schools At IIT Delhi
Articles
Upcoming Engineering Exams
Application Date:03 September,2024 - 19 February,2025
Top Ranked Engineering and Architecture Colleges
Browse Engineering Colleges by State
Explore Career Options (By Industry)
Flight Attendant
A flight attendant is a professional whose primary duty is to ensure the safety and comfort of passengers during an airline flight. An individual who is pursuing a career as a flight attendant is part of the cabin crew for the plane, a team of personnel who operate a commercial, business, or even military aircraft while travelling domestically or internationally.
An individual pursuing a career as a flight attendant is specially trained for the aircraft in which he or she works since passenger safety is their foremost concern. In this article, we will discuss how to become a flight attendant in India or how to become a flight attendant after graduation.
Aerospace Engineer
An aerospace engineer is an individual who develops new ideas and technologies that can be used in defence systems, aviation, and spacecraft. He or she not only designs aircraft, spacecraft, satellites, and missiles but also creates test vehicles to ensure optimum functionality. Aerospace engineering is a branch of engineering that deals with the study, design, and development of aerial vehicles such as aircraft and spacecraft.
Aerospace engineering jobs deal with employees who design or build missiles and aircraft for national defence, or spacecraft. Aerospace engineering or aircraft engineering is often referred to as rocket science. The bottom line is that the person who is pursuing a career in aerospace engineering has to deal with multiple teams at different levels and work across various technologies.
Flight Engineer
A career in the aviation industry always sounds exciting. But, there is no scope for the slightest error as it may cost the lives of many people. A Flight Engineer role comes with the responsibility of monitoring the aircraft engine and control systems while in flight. Whenever the aircraft is away from the home station, he or she is required to perform pre-flight and post-flight inspections
Aircrew officer
An aircrew officer or airline commanders fly aircraft to provide transportation to passengers or cargo. The aircrew officer operates the engines of aircraft and controls to navigate and fly the airplane. The ability to learn new technologies every time and to stay up-to-date with the changes in the industry is what the aircrew officer should possess.
This could be possible through membership with professional pilot associations. The aircrew officer is also one of the highest-paid professionals and the job is quite coveted. Keep reading to find out what you need to know about how to become aircrew officer.
You may also read career as Airline Pilot.
Air Hostess
An air hostess is a flight attendant also known as a cabin crew or steward. An air hostess undertakes several pre-flight, in-flight, and post-flight duties and is responsible for ensuring the safety and comfort of passengers on both national and international flights. A career as an air hostess might be desirable for you if you are excited about a job in which you can help people and travel to exciting places.
Air hostesses play a crucial role in the flight crew, working closely with pilots and ground personnel to provide a safe and comfortable travel experience, even beyond their hospitality responsibilities. Being flexible, having strong communication skills, and being dedicated to the comfort of passengers are all necessary for their dynamic function, which makes them essential to the entire travel experience.
Aeronautical Engineer
An Aeronautical Engineer job comes with the responsibility of designing aircraft and thrust systems. He or she is employed in aviation, defence or civil aviation industries. Aeronautical Engineer is generally engaged in the design of aircraft and propulsion systems as well as the analysis of building materials and aircraft's aerodynamic performance. The role of an Aeronautical Engineer may involve assembling parts of aircraft, testing and maintaining them.
Safety Manager
A Safety Manager is a professional responsible for employee’s safety at work. He or she plans, implements and oversees the company’s employee safety. A Safety Manager ensures compliance and adherence to Occupational Health and Safety (OHS) guidelines.
Airline Pilot
Are you searching for an 'airline pilot job description'? An airline pilot or airline commander flies aircraft and helicopters to provide transportation to passengers or cargo. The airline pilot operates the engines of the aircraft and controls them to navigate and fly the airplane. The ability to learn new technologies every time and to stay up-to-date with the changes in the industry is what aviators should possess. The career as airline pilot is also one of the highest-paid professionals and the job is quite coveted.
Welding Engineer
Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues.
Transportation Planner
A career as Transportation Planner requires technical application of science and technology in engineering, particularly the concepts, equipment and technologies involved in the production of products and services. In fields like land use, infrastructure review, ecological standards and street design, he or she considers issues of health, environment and performance. A Transportation Planner assigns resources for implementing and designing programmes. He or she is responsible for assessing needs, preparing plans and forecasts and compliance with regulations.
Environmental Engineer
Individuals who opt for a career as an environmental engineer are construction professionals who utilise the skills and knowledge of biology, soil science, chemistry and the concept of engineering to design and develop projects that serve as solutions to various environmental problems.
Safety Manager
A Safety Manager is a professional responsible for employee’s safety at work. He or she plans, implements and oversees the company’s employee safety. A Safety Manager ensures compliance and adherence to Occupational Health and Safety (OHS) guidelines.
Conservation Architect
A Conservation Architect is a professional responsible for conserving and restoring buildings or monuments having a historic value. He or she applies techniques to document and stabilise the object’s state without any further damage. A Conservation Architect restores the monuments and heritage buildings to bring them back to their original state.
Structural Engineer
A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software.
Highway Engineer
Highway Engineer Job Description: A Highway Engineer is a civil engineer who specialises in planning and building thousands of miles of roads that support connectivity and allow transportation across the country. He or she ensures that traffic management schemes are effectively planned concerning economic sustainability and successful implementation.
Field Surveyor
Are you searching for a Field Surveyor Job Description? A Field Surveyor is a professional responsible for conducting field surveys for various places or geographical conditions. He or she collects the required data and information as per the instructions given by senior officials.
Geothermal Engineer
Individuals who opt for a career as geothermal engineers are the professionals involved in the processing of geothermal energy. The responsibilities of geothermal engineers may vary depending on the workplace location. Those who work in fields design facilities to process and distribute geothermal energy. They oversee the functioning of machinery used in the field.
Geologist
A geologist attempts to comprehend the historical backdrop of the planet we live on, all the more likely to anticipate the future and clarify current events. He or she analyses the components, deployments, results, physical characteristics, and past of the planet. A geologist examines the landforms and landscapes of the earth in relation to the geology, climatic, and human processes that have shaped them.
A geologist studies earth procedures, for example, seismic tremors, avalanches, floods, and volcanic eruptions to review land and draw up safe structure plans. When he or she researches earth materials, explores metals and minerals, yet in addition search for oil, petroleum gas, water, and strategies to extricate these.
Energy Performance Engineer
Energy efficiency engineering is a broad field of engineering which deals with energy efficiency, energy services, facility management, plant engineering, and sustainable energy resources. Energy efficiency engineering is one of the most recent engineering disciplines to emerge. The field combines the knowledge and understanding of physics, chemistry, and mathematics, with economic and environmental engineering practices. The main job of individuals who opt for a career as an energy performance engineer is to find the most efficient and sustainable path to operate buildings and manufacturing processes.
Individuals who opt for a career as energy performance engineers apply their understanding and knowledge to increase efficiency and further develop renewable sources of energy. The energy efficiency engineers also examine the use of energy in those procedures and suggest the ways in which systems can be improved.
Petroleum Engineer
A career as a Petroleum engineer is concerned with activities related to producing petroleum. These products can be in the form of either crude oil or natural gas. Petroleum engineering also requires the exploration and refinement of petroleum resources. Therefore, a career as a petroleum engineer comes up with oil and gas onshore jobs. There are also desk jobs in the petroleum industry. In layman’s terms, a petroleum engineer is a person who finds the best way to drill and extract oil from oil wells. Individuals who opt for a career as petroleum engineer also tries to find new ways to extract oil in an efficient manner.
Transportation Planner
A career as Transportation Planner requires technical application of science and technology in engineering, particularly the concepts, equipment and technologies involved in the production of products and services. In fields like land use, infrastructure review, ecological standards and street design, he or she considers issues of health, environment and performance. A Transportation Planner assigns resources for implementing and designing programmes. He or she is responsible for assessing needs, preparing plans and forecasts and compliance with regulations.
Civil Engineer
A career as a civil engineer is of great importance for the infrastructural growth of the country. It is one of the most popular professions and there is great professional as well as personal growth in this civil engineering career path. There is job satisfaction in this civil engineering career path, but it also comes with a lot of stress, as there are multiple projects that need to be handled and have to be completed on time. Students should pursue physics, chemistry and mathematics in their 10+2 to become civil engineers.
Transportation Engineer
A career as a Transportation Engineer is someone who takes care of people's safety. He or she is responsible for designing, planning and constructing a safe and secure transportation system. The transportation sector has seen a huge transformation and is growing day by day and improving every day.
As a Transport Engineer, he or she needs to solve complex problems such as accidents, costs, traffic flow, and statistics. A Transport Engineer also collaborates for projects with some other companies.
Loco Pilot
A loco pilot or locomotive pilot is a professional responsible for operating trains. He or she starts, stops, or controls the speed of the train. A locomotive pilot ensures that the train operates according to time schedules and signals. These loco pilots are responsible for carrying people and products to distinct destinations.
A loco pilot has thorough knowledge and understanding of the railway operations, rules, regulations, protocols, and measures to take in times of emergency. Their role is crucial in ensuring passenger and freight trains' smooth and safe operation. Here, in this article, we will discuss everything on how to how to become a loco pilot.