Incubator Cells At Second Generation IIT's: Guiding The Entrepreneurial Spirit Of Young Indians
India of the 21st century is a very versatile and creatively charged country. With the majority of our population being within the employable age bracket, the competition among talented human resources is huge. There is tough competition among those who wish to be employed as well as those who want to start their own venture. A lot of youngsters prefer entrepreneurship over the 9 to 5 jobs.
For such individuals who have the inspiration but need guidance, Indian Institutes of Technology(IIT) across the country are a good playground. Each of the IIT have their own separate incubator labs to make and test the product of the business and convert an entrepreneur’s idea into a product.
Careers360 recently published a study on incubator labs which existed at IITs with the oldest and top seven IITs incubator labs information. This article is a continuation to the oldest IIT’s incubation centre, to know about the opportunities for future entrepreneurs. How they can experiment their product at the incubator labs in second generation IITs. Second Generation IITs are the ones established in 2008-2009 period.
Also Read | Analysis Of Incubator Labs At Old IITs Across India
IIT Ropar
In order to improve the nation's overall entrepreneurial and start-up environment, IIT Ropar established the Technology Business Incubator Foundation (TBIF). TBIF is actively working to advance its goal of encouraging entrepreneurial activity among its students, faculty, and residents of the area. The incubator's focus areas include manufacturing, healthcare technologies, clean energy, agriculture, and information technology and IT-enabled services.
| Highlights | Information |
Established in | 2016 |
Space/Size | 10,000 sq feet. |
Facilities |
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No.of incubatee and start up companies | 18 (Startups Incubated), 18 Startups Funded |
IIT Bhubaneswar
IIT Bhubaneswar has built an internal technology incubator as part of a well-considered entrepreneurial ecosystem with the goal of encouraging students to pursue entrepreneurship. The institute's staff and departing students will both have access to this facility.
| Highlight | Information |
Facilities | Workspace, water, energy, internet and workshops infrastructure, hostel, laboratories and bank lending programmes etc |
IIT Bhubaneswar also has a Research and Entrepreneurship Park. It aims to find and foster good inventions by encouraging people to launch businesses. They also provide them assistance such as technical, financial, marketing, and legal aspects of idea incubation. They offer a platform for the quick commercialization of emerging entrepreneurs' technologies.
The institute's cutting-edge facilities will also be available to the companies so they may experiment with their creative ideas. After graduation, startups will not only serve as hubs for new inventions but also contribute to the development of new skilled labour, new employment prospects, and financial investments.
| Highlights | Information |
SIZE | 40,000 square feet |
Facilities |
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Also Read | Goal Oriented Research And Innovation Schools At IIT Delhi
IIT Gandhinagar
The IIT Gandhinagar Incubation Centre is tenaciously committed to helping companies, faculty and student ideas that have the potential for both economic success and social impact come to fruition. Additionally, the incubator centre offers coaching, connections to experts, investors, and business networks, as well as limited financing. The suitable mentors are introduced to them by the incubator centre so they may expand their technology or goods and find a market. Through an interdisciplinary approach and inventive and creative thinking, it seeks to promote techno-entrepreneurship.
| Highlight | Information |
Space/Size | 10,000 square feet. |
Facilities | wet and dry labs, rapid prototyping infrastructure (hardware and software), space and development infrastructure,mentoring, connectivity to professionals investors, and business networks and mentors |
Funding programmes | Nidhi Prayas, Nidhi Seed Support |
No.of incubatee and start up companies | More Than 20 |
IIT Hyderabad
IIT Hyderabad’s Technology Incubation Centre- iTIC, is supported by the Department of Science and Technology (DST), Government of India. It aims to foster a nurturing environment for aspiring technology entrepreneurs. The goal of iTIC is to assist business owners in utilising a top-notch research and startup ecosystem to construct a comprehensive platform for practising innovation and entrepreneurship so that these business ideas can be transformed into long-lasting, scalable, and lucrative companies. iTIC focuses on structured pre-incubation, incubation, and accelerator programmes on assisting deeptech startups from the idea to the growth stage.
| Highlight | Information |
Space/Size | 1.5 Lakh square feet |
Facilities | Co-working Space, Financial Aid, IP Support, Mentorship, Maker Lab, Networking Events, Software Tools, Technological Infrastructure |
Funding programmes | NICE, TiHan, iDex, NIDHI PRAYAS, Miety TIDE 2.0, AISEA, Bel Seed Fund |
No.of incubatee and start up companies | 100+ |
IIT Jodhpur
In order to foster a community of cutting-edge businesses, IIT Jodhpur is establishing a technology park and incubation centre on its campus. The Technology Park's main subject is AIOT, or artificial intelligence of things. All economic sectors are anticipated to be impacted by this new technology.
Technology Park under the aegis of an independent section-8 company managed by IIT Jodhpur with the financial and technical support of relevant stake-holders (Government Agencies, Angel and Venture Investors, Technology Providers) will
Have a Common Research and Technology development Hub providing access to hardware and software facilities for end-to-end research, prototype development and pilot production of products for AIOT space
Provide an interface for industries to collaborate with faculty and students of IIT Jodhpur and other research and academic organisations in the country and Jodhpur in particular
Enable interface for mentors and investors including government agencies to work with MSME and start-up’s
| Highlight | Information |
Established in | Under construction |
Space/Size | 100 acres |
Capacity | Can host at least 30 companies at a time |
IIT Patna
The Electronics Systems Design and Manufacturing (ESDM) and Medical Electronics sectors were the focus of the Incubation Centre (IC) at IIT Patna. IC at IIT Patna provides top-notch facilities for manufacturing, testing, prototyping, and design. The goal is to make sure that the IC is the location to transform concepts for medical electronics into reality.
| Highlight | Information |
Space/Size | 30,000 Sq Ft |
Facilities |
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Chargers of using the labs |
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Funding programmes | NIDHI PRAYAS, NIDHI EIR |
No.of incubatee and start up companies | 60+ |
IIT Indore
The IIT Indore has a centre for developing entrepreneurship and supporting start-ups called the Centre of Innovation, Incubation, Entrepreneurship, and Industry Relations (CIIEIR). It runs a business incubator that offers' start to scale' support for technology-based entrepreneurship and makes it easier to turn research into company initiatives. Students may create new technologies and become the greatest entrepreneurs with the help of mentoring, competitiveness development, innovation, and strengthening linkages between industry and students.
The ACE FOUNDATION, started by IIT Indore, supports students, faculty, staff and incubatees with technology-based research projects and helps them convert it into profitable businesses.
| Highlight | Information |
Facilities |
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Funding programmes | NIDHI PRAYAS, NIDHI EIR |
No.of incubatee and start up companies | 37 |
Sector | Various Sectors which include Agriculture, Healthcare, Machine Learning, Artificial Intelligence (AI), Financial technology (Fintech), App development, etc. |
Funds raised | 190.4 Lakhs (under DST IEDC, Design and Incubation schemes from Ministry of MSME, MP Startup Centre) |
IIT Mandi
Catalyst was established by IIT Mandi in 2016, as the first Technology Business Incubator (TBI) in Himachal Pradesh. As suggested by the name, it acts as a "catalyst" to support and direct entrepreneurial ventures with social and business goals.
Catalyst has become one of the top incubators in Himachal Pradesh and the Himalayan area in just five years after it started. In order to prevent the ideas of tomorrow from dying, Catalyst, one of the nation's busiest incubators, has developed a startup-friendly support system with the help of IIT Mandi.
| Highlight | Information |
Established in | 2016 |
Facilities |
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Funding programmes | NSTEDB, DST Nidhi-Prayas Scheme |
No.of incubatee and start up companies | 300+ |
IITs have been the institute of national importance. They have the best facilities in their labs which helps the startup companies become more successful. Every year IITs try to improve all their existing facilities of incubator labs. All IITs give some of its funds to each department labs, for improvement and maintenance.
IITs provide the funding support for the startups as well, many funding programmes are available at the IITs. Some common funding programmes are available at all IITs but each IIT has their own separate funding programme for the incubatee.
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