TBI@ BITS Pilani

Technology Business Incubator
 
BITS PILANI
 
 
BITS Pilani   BITS Pilani
 
INCUBATOR PROFILE
 
Introduction
 
The Birla Institute of Technology and Science (BITS) Pilani was founded by G D Birla, a renowned entrepreneur, who made significant contributions to the building of modern India. It is an internationally renowned all India Institute for higher learning providing highest quality engineering sciences and humanities education to students.
 
Technology Business Incubator (TBI)
 
In association with the Department of Science and Technology (DST), Government of India, BITS has established a Technology Business Incubator (TBI) in the area of Embedded Systems and VLSI Design.

BITS also has a unique tradition of innovation and R&D activities and its various centers of excellence are testament to it. It is estimated that around 10% of its alumni become entrepreneurs.

As a founding member of NEN and in order to give strength to this natural tendency amongst BITSians, BITS has established the Centre for Entrepreneurial Leadership.

TBI jointly with CEL shall promote entrepreneurial leadership across all disciplines, facilitate entrepreneurial activity amongst students, and invite entrepreneurs to use TBI services so as to develop end products for commercialization.

 
INCUBATION OFFERING
 
Focus
 
Fostering the entrepreneurial spirit amongst students
Creating an environment for innovations
Promotion of technology based new enterprises
Creating value added jobs and services
Producing support for commercialization of R&D outputs
Product development in ASIC design, Mixed Signal design, VLSI Architecture and device modeling.
Providing support services to entrepreneurs.
 
Facilities/ Infrastructure
 
Access to hardware and software at the state of the art Oyster Lab (VLSI design) and the Embedded Controllers Lab
Contemporary office space and conference rooms with teleconferencing facilities
Computing, fax, printing, telephone, copying facilities on a pay-per-use basis
Free broadband internet connection
Access to exhaustive resources at the BITS Library
 
Services
 
Mentoring from industry experts
Assistance with corporate strategies and business planning
Support for legal documentation and IP management
In-house expertise from faculty members
Periodic networking events
 
Duration/ Equity
 
All companies by default have an incubation period of 12-months, extendable to 18-months at subsidized running costs
For the 18 to 24 month period, incubatee is obliged to pay standard rates and must exit at the end of the 24-month period.
TBI@BITS might charge an equity stake from an incubatee for the services rendered. The percentage would be decided on a case-to-case basis and would range within 1% and 8%.
 
Management team
 
Prof. S. Gurunarayanan, Coordinator, Engineering Services Division
Anu Gupta, Program Manager, EEE Group
 
INCUBATEE COMPANIES
 
Bridle IT
> Read company profile
 
APPLICATION CRITERIA & PROCESS
 
Eligibility & requirements
 
Anyone can apply for incubation keeping in mind the technology product focus
All applicants must submit the completed application form & if approved, submit a 12-month business plan
 
Evaluation process
 
Initial review of the completed application form
Screening committee will consist of The Coordinator as a permanent member, and other members from within BITS Pilani and may also include industry experts.
If approved, applicant is required to submit a 12-month business plan
 
Policy & procedures
 
Every company/ applicant is required to sign the legal disclaimer document at the time of joining.
 
Complete all forms & submit your application on NEN Online
 
> Apply now to TBI@ BITS Pilani
 
 
Quick links
>
> CIIE@ IIM Ahmedabad
> NSRCEL@ IIM Bangalore
> SINE@ IIT Bombay
> SIIC@ IIT Kanpur
> List of Incubators in India
 
 
APPLY TO TBI@BITS
Download documents for Incubation application:
 
> TBI@BITS brochure
> Rules & regulations
> Legal Disclaimer
> Application Form
 
> Apply now to TBI@ BITS Pilani