INCUBATION CENTER facility

Providing an opportunity to translate ideas into products & services

The centre was INAUGURATED BY Dr. Sanjaypaswan, Honourable Minister of State for Communication and Information Technology , Govt. of India on 27th January 2003.

Concept

• In the globalized trade, customers prefer innovative products /services
• The innovators are mostly start-ups
• Translating innovative ideas into viable commercial products/services involves a lot of risk
• Technology Business Incubation Centre help start-ups to successfully convert their technologies into marketable products with a very low capital investment

Mission

Creating high-tech economy in the region by facilitating the growth of industries with new technologies, thereby creating wealth for the society and the nation.

Objectives

• To encourage potential technopreneurs to convert their technologies into products and services
• To interface the incubatees and venture capital agents, and funding agencies
• To impart training to the start-ups to acquire entrepreneur skills
• To provide process know-how and marketing assistance to the entrepreneurs
• To guide the entrepreneurs to establish cost-effective manufacturing process
• To guide entrepreneurs to form enterprises
• To interface entrepreneurs and research organizations

Facilities Offered

Highly subsidized individual office accommodations with standard office furniture along with the following common resource arrangements are available:

• Computing facilities with secretarial services
• Common receptionist services
• Communication network
• Conference room with presentation equipment
• Pantry room/ canteen services
• Mailing address, post handling services
• Photocopying facilities
• Telephone and fax facilities
• Access to Technical Library
• Services of state- of- the-art equipments and machineries for prototyping the product

Compensation for the facilities and services

• Membership Registration fees Rs.3000/-
• Rental charges for furnished office accommodation will be Rs. 1000/- per month
• Technical service charges for prototyping the product will be a minimum of Rs. 10,000/- per project and the actual amount will be depending upon the work involved in the project
• In case of high potential projects associated with high volume of work, appropriate equity share to STBIC will be considered

Eligibility for Tenancy Applications

• Individual start-up technopreneurs or technology based start-up companies
• Start-ups adopting new technologies from other sources
• Established enterprises willing to re-engineer their products

Areas of Technology

• Electronics and Communication
• Its related products and services
• Apparel and Fashion Technology
• Precision Engineering with CAD/CAM application