ACADEMIC INSTITUTIONS IN INDIA ENTREPRENEURSHIP AND INCUBATION

N S Raghavan Centre for Entrepreneurial Learning (NSRCEL, IIM Bangalore)

Main Activities:• Entrepreneurship Education

Programs• Research• Mentorship• Incubation• Seminars, Panel Discussions• Other events to promote

entrepreneurship. (Workshops, B-Plan competitions, Conferences)

About NSRCEL:• NSRCEL’s objective is to help

entrepreneurs channelize their energy and talent towards transforming their ideas into successful companies. It does so by guiding them in understanding specific opportunities for business growth and helping them access the resources they require.

• NSRCEL not only trains entrepreneurs and promotes entrepreneurship but also runs an incubator cell for start-up companies.

Source: NSRCEL website

Society for Innovation and Entrepreneurship (SINE, IIT

Bombay)About SINE:

SINE, Society for Innovation and Entrepreneurship, hosted by Indian Institute of Technology, Bombay is an umbrella for promotion of entrepreneurship at IIT Bombay. SINE administers a business incubator that provides support for technology – based entrepreneurship.

Main Activities:• Incubate entrepreneurial technology

based ventures.• Facilitate networking with professional

resources, including mentors, experts, investors, industry professionals, consultants and advisors.

• Identify technologies/innovations which have potential for commercial ventures.

• Promote and foster the spirit of entrepreneurship, and generally to carry out activities that facilitate knowledge creation, innovation and entrepreneurship activities.Source: SINE, IITB website

E-cell, IIT BombayMain Activities:• Entrepreneurship and Business club• Startup Boot camp• E-summit• Eureka (India's biggest B-plan

competition with funding.)• Meet-ups

About E-cell, IIT Bombay:A non profit organization run

by the students of IIT Bombay that aims at manifesting the latent entrepreneurial spirit of the young students. E-cell hosts various workshops, speaker sessions, innovative games, competitions for aspiring entrepreneurs and supports them by providing necessary resources such as seed funding, mentoring, consultancy and networking.

Source: Ecell IIT Bombay website

Centre for Innovation Incubation and Entrepreneurship (CIIE, IIM Ahmedabad)

About CIIE:CIIE helps entrepreneurs turn

ideas into viable enterprises. CIIE cultivates a rare breed of entrepreneurs by incubating, accelerating, mentoring and funding innovative start-ups. CIIE believes that entrepreneurship has an unmatched ability to bring about disruptive change in India and engages with ventures across technology and impact areas like energy, environment, agriculture, healthcare and affordable technology.

Main Activities:• B- Plan Competitions• Workshops• Boot camps• Events• Publications• Providing a conducive environment for

fledgling ventures to kick-start.• Incubation

Source: CIIE, IIMA website

IIT MADRAS

Entrepreneurship promoting centers in IIT Madras:• E-cell, IIT Madras• IIT Madras Technology Business Incubator, IIT Madras Research Park

(NSTEDB Recg.)• Rural Technology and Business Incubator (RTBI), IIT Madras Research

Park (NSTEDB Recg.)

E-cell, IIT MadrasAbout E-cell, IIT Madras:

E-Cell IIT Madras , previously called C-TIDES , is the hub for entrepreneurship related activities in the institute .It aims to imbue the spirit of Entrepreneurship in students and inspire them to take on entrepreneurial challenges with the assistance and guidance provided by us , in order to successfully launch and run business ventures. We support the idea of student-led entrepreneurship in the institute and also are a business incubator .

Main Activities:• Online Case study competitions• Business Quizzes• Nirmaan (Assists those with an idea

on every step involved in converting the idea into a full-fledged incubated start-up)

Source: Ecell IIT Madras website

IIT Madras Incubation Cell, IIT Madras Research Park

About IIT Madras Incubation Cell:• IITM Incubation Cell (IITM-IC) is the

umbrella body for nurturing and overseeing innovation and entrepreneurship at IIT Madras.• IITM-IC seeks to nurture technology and

knowledge based ventures through their start-up phase by providing the necessary support to help entrepreneurs survive in the competitive market and reach a stage where they can scale-up their ventures further.• It has been recognized as a Technology

Business Incubator (TBI) by NSTEDB, GOI.

Main Activities:• Workshops• Incubation

Source: IIT Madras TBI website

Rural Technology and Business Incubator (RTBI), IIT Madras

Research ParkAbout RTBI:

RTBI is a registered not-for-profit society established in Oct 2006. Its mission is to incubate start-ups whose focus is to impact rural/underserved societal segments, leveraging ICT (Information and Communication Technologies).

Main Activities:• Incubation• Exploration (Developing depth and

understanding of the underserved segments by sustained efforts via grass root trials in areas like agriculture, education, financial inclusion, healthcare and livelihood.

Source: RTBI IIT Madras website

IIT MADRAS STARTUPS ARE THE SAME IN E-CELL AND INCUBATION CELL

Idea

Logical Sequence of Activities

Mentoring/Grooming and Environmental

Analysis

B-Plan Start-up Graduation

Entrepreneurial Incubation

Entry Point for incubation

Exit Point for

incubation

Screening and Mentoring for

Commercialization

Institute FundingGovt. Funding

Angel Investor Funding (Only on Beta Stage)

VC Funding (Post commercialization till becoming

Public/Acquired)

Institute Funding

Associations

Sponsorships

Source: Mr. Anshul Saxena under Prof. Anil K Gupta, IIMA

National Science and Technology Entrepreneurship Development

Board, Gov. of IndiaCriteria for selection of location

IR&D track record and subsequent commercialization of R&D output• Dedicated team of R&D persons• Industrial milieu in the region• Proximity to other R&D/academic institutions• Infrastructure, facilities and expertise available• Strong commitment and willingness of the HI

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