Analysis Of Incubator Labs At Old IITs Across India

Analysis Of Incubator Labs At Old IITs Across India

Edited By Nidhi Agarwal | Updated on Apr 17, 2023 09:10 AM IST

Each of the IITs have their own incubators labs that allow young dreamers to experiment with various business products. Every mind that has a business idea can take the advantages of these labs to test their products by paying minimum charges which usually vary from lab to lab.

Here entrepreneurs can transform their ideas into real-time engineering propositions, and eventually to products and patents. There are a total of 23 Indian Institutes of Technology (IITs) across the nation which are owned by the Ministry of Education of the Government of India. All the IITs are renowned for their excellence in engineering education. For being the top institute in technology, they also have the best labs that are quite advanced and well equipped.

Analysis Of Incubator Labs At Old IITs Across India
Analysis Of Incubator Labs At Old IITs Across India

Careers360 embarks on another information packed report incubators labs at the oldest and the top seven IITs across India.

IIT Kanpur

IIT Kanpur’s Startup Incubation and Innovation Centre (SIIC) has attracted talent from all over the country to set a mark and be a part of the new Indian entrepreneurial ecosystem.

HighlightInformation

Established in

2000

Space/Size

1075 square feet

Facilities

Conference Halls, Office space, Computers, Printer, Internet connection, Phone connection, Standard Furniture, residential facility (depending upon the availability)

It also offers technical and business mentoring, funding opportunities, and alumni connections.

Chargers of using the labs

There is a minor difference in price rates between institute students and other organizations. The rates for the use of available machines range from Rs. 300 to Rs. 1000 per hour.

Funding programmes

NIDHI EIR, TIDE 2.0, BIRAC’s BIG, and IAIN Agritech Fellowship


IIT Guwahati

IIT Guwahati has two incubator centres for entrepreneurs.

  • Technology Incubation Centre (TIC), started by IIT Guwahati, has a number of programmes to encourage and support entrepreneurship.
    To raise awareness and promote conversations on issues linked to entrepreneurship, IITG-TIC organises a number of events throughout the year in the form of workshops, seminars, roundtables, lecture series, etc. Students, business owners, government leaders, and professionals from the sector are among the attendees.

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Facilities

  • Office Space as per the requirement

  • Personal Computer

  • Internet Connection

  • Telephone Connection

  • Office furniture

  • Accommodation: Subject to availability

  • Conference room with projection equipment

  • Photocopier

  • Fax Machine

  • Laser Printer

  • Scanner

  • mentorship support

  • networking opportunities with investors

  • VC fundings,

  • angel networks

  • etc

  • IIT Guwahati also has a Bio-Incubation Centre known as BioNEST. All biotechnology related innovation, research and entrepreneurial activities can be conducted in these labs for Healthcare and Industrial related innovation.

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SIZE

10,000 square feet

Capacity

Can support up to 25 start-ups

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IIT Madras

The Incubation Cell, which is led by IIT Madras, consists of cutting-edge research and is also India's first university-driven IITM Research Park.
Incubation Cell keeps a close eye on the present and future demands of society as it works to foster technology-based and other entrepreneurship.

HighlightInformation

Established in

2013

Facilities

• Office space: Company specific, and subject to limits

• Internet access

• Telephone lines

Access to departmental resources is

possible through the Centre for Industrial Consultancy and Sponsored Research (IC&SR),


a. Printer

b. Photocopier

c. Scanner

d. Meeting/Conference room with projection equipment

e. Pantry facilities


Services such as

  • Company registration and filings

  • Accounting services

  • HR services

  • Legal

  • Intellectual Property (Copyrights, Trade Marks, Patent) filings

  • Training and Workshops

  • Seed Funding support

  • Governmental Agency funding

  • Networking and linkages with IITM Alumni for mentorship, funding, technical expertise and market access

  • Networking and linkages with bodies such as TiE

  • Venture capitalists or Investors Introductions

  • Meetings with visitors of IITM (such as alumni, VCs, industry professionals)

  • Showcasing IITM incubated companies through networking and events

  • Monthly entrepreneurship meets


Chargers of using the labs

The IC may levy nominal fees and charges for some of the facilities, which may vary depending on the maturity stage of the incubatees.

Funding programs

seed funding

No.of incubatee and start up companies


233

IIT Roorkee

To encourage innovation and entrepreneurship in the area, the Technology Incubation and Entrepreneurship Development Society (TIEDS) was founded by the IIT Roorkee. TIEDS oversees and operates the technology innovation and development of entrepreneurship support business incubator to achieve its objectives. TIDES fosters the incubation of new businesses with novel technologies and offers physical, technical, financial, and networking supports and services.

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Space/Size

20,000 square feet

Facilities

Physical infrastructure with fully furnished office, conference room, meeting room, internet etc.at a very nominal cost, access to IITR labs, Proximity of technical and management expertise at IIT Roorkee, Library resources and access to the talent pool of IIT Roorkee like students.

Funding programs

seed funding

No.of incubatee and start up companies


110+

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IIT Mumbai

The Society for Innovation and Entrepreneurship (SINE) was established in 2004 by the IIT Bombay for promoting entrepreneurship and supporting digital start-ups. It manages a business incubator that offers ‘start to scale' assistance for technology-based entrepreneurship and makes it easier for research efforts to be transformed into entrepreneurial businesses. It also awards funds for prototyping, assists tech businesses with incubation, and also manages accelerator programmes through corporate partnerships.

HighlightInformation

Established in

2004

Facilities

Physical infrastructure with fully furnished office, conference room, meeting room, internet etc. at a very nominal cost.

Chargers of using the labs

very nominal cost

Funding programs

DST NIDHI EIR, DST NIDHI prayas, IDEX Disc, meity Tide 2.0, CAWACH, Biotechnology Ignition Grant Scheme, Meity SASACT, and many more

No.of incubatee and start up companies


200+

IIT Kharagpur

The Science and Technology Entrepreneurs’ Park (STEP) was established in 1986 and recognised as a backbone for innovation and entrepreneurship in IIT Kharagpur. It also assists students with entrepreneurial ambitions by connecting them to various government organisations for financing, concept development, technology improvement, and market preparation.

STEP-IIT Kharagpur collaborates with other incubation programmes such as Technology Incubation and Entrepreneurship Training Society (TIETS) and Technology Business Incubation (TBI). It makes technology transfer between IIT-KGP and the outside world easier by turning research findings into products that can be sold.

HighlightInformation

Established in

1986

Space/Size

20,000 square feet

Chargers of using the labs

  • Licence Fee of Room (Monthly) 35.00 (per sq. ft.)

  • Licence Fee of Shed (Monthly) 25.00 (per sq. ft.)

  • Annual Registration Charges (Yearly) 15,000.00

  • One Time Processing Charges (Once) 20,000.00

Funding programs

Department of Scientific and Industrial Research (DSIR), Department of Science and Technology (DST)

IIT Delhi

Foundation for Innovation and Technology Transfer (FITT), established in 1992, with a mission to help industries and institute mutually benefiting by commercialization of science and technology.

Atal Incubation Centre established at IIT Delhi Technopark is for entrepreneurs to use their well equipped labs and machineries.

HighlightInformation
Established in1992
Facilities

Subsidized working space, Business support services including IPR management, Training, workshops and networking events, access to prototyping facilities, access to various funding programs (competitive), access to mentors’ network, access to tenant network of tech companies and R&D facilities, classrooms with LCD projectors, technical labs, seminar halls, conference rooms, board rooms, computer labs.

No.of incubatee and start up companies100+
Not just the oldest seven IITs but other IITs and many more such top institutes of India have opened their labs for the sole purpose of helping start-up companies to convert their dream and knowledge into reality and business.

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