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| Over the years, IIT Bombay has emerged as one of the leading centers of academic excellence in the world.
In 2000, IIT B made a foray into entrepreneurial development by establishing its incubator at the Kanwal Rekhi School of Information Technology, conducted informal entrepreneurship programs and formed the student E-Cell.
This was a landmark step and the institute has come a long way since then with a number of student companies already incubated at the IIT incubator and several faculty members now eager to incubate their companies. IITB is one of the co-founders of NEN.
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| SINE, Society for Innovation and Entrepreneurship is the umbrella organization for promotion of entrepreneurship at IIT Bombay. SINE administers a business incubator which provides support for technology-based entrepreneurship.
SINE has served as a role model for other business incubators in academia across the country. The Department of Science and Technology of the Government of India has also provided financial assistance to the business incubator. The incubator, with infrastructure spread over 10,000 sqft, can accommodate about 15-17 companies. |
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Knowledge-based start-ups with social and strategic bearings |
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Technology-based products and solutions |
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Companies with linkage to the IIT Bombay community |
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Assistance provided to potential entrepreneurs in the preparation of business plans, and in organizing workshops and training programs on entrepreneurship at pre-incubation stage |
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Virtual incubation services are also provided to the companies who satisfy all eligibility criteria but do not require office facilities |
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Admission to the business incubator is based on 2-stage evaluation process carried out by external reviewers with relevant expertise |
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A start-up entity should be a company, preferably incorporated before its admission |
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Several agreements include agreements for service, equity, transfer of technology and loan |
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Quarterly reviews and monitoring of companies admitted to the incubator is conducted |
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Admission is given to a company for up to three years |
| For a detailed understanding of the incubation process, please download the Incubation Workflow.
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| High quality physical facilities and infrastructure at a nominal cost include: |
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Fully furnished office space with up to 8 PCs, depending on the team size |
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Printers, two phone lines and high-speed internet connectivity |
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Shared administrative support includes servers, software tools, photocopying, fax, scanning machines, pantry service and common secretarial staff |
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Meeting and conference rooms equipped with projection facility, audio and video conferencing facilities |
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Access to departmental labs across IITB and library resources |
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Mentoring support |
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Access to professionals with legal, financial, accounting and industrial expertise |
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Events showcasing the incubatees products and solutions |
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Networking events to facilitate interaction with investors and industries |
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Training programs and seminars relevant to entrepreneurs |
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Seed funding support on case-by-case basis |
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Proximity to technical and management expertise at IIT Bombay |
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Advantage of student talent of IIT Bombay for internships, research projects |
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Nominal charges apply for the first 18 months of admission to the incubator and for the next 18 months the company has to pay market rates for infrastructure facilities |
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Indicative range of SINE's equity holding for IP & infrastructure is 6-8% along with anti-dilution clauses post-funding |
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Prof. C. Amarnath, SINE Governing Board |
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Sushanto Mitra, Chief Executive Officer, SINE |
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Poyni Bhatt, Chief Administrative Officer |
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CV Krishnaveni, Project Coordinator |
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| A necessary requirement is a linkage with IIT Bombay including: |
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IITB’s faculty members (current and in the recent past) |
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IITB’s students and alumni, |
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R&D partners (sponsors of R&D and consultancy projects) |
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Partner universities (having R&D collaborations in place), and |
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Government agencies associated with IITB's research and innovations. |
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| Complete the Phase 1/ 2 forms & submit your application on NEN Online |
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