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.
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.
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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 |
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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 |
Also check - Goal Oriented Research And Innovation Schools At IIT Delhi
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.
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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
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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.
| Highlight | Information |
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.
| Highlight | Information |
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.
| Highlight | Information |
Established in | 1986 |
Space/Size | 20,000 square feet |
Chargers of using the labs |
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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.
| Highlight | Information |
| Established in | 1992 |
| 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 companies | 100+ |
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