INCUBATION

Veltech Incubator

Incubation is a process which tends to be activated whenever there is a need to support entrepreneurs in developing their own business. The process, or parts of it, is put in place whenever there is a need of nurturing would‐be entrepreneurs to think over and further develop the business idea and transforming it into a viable and sustainable activity. There are two stages of incubation.
Pre - incubation
Post - incubation

Year Support Achievements
2010
Established TBI supported by NSTEDB-DST to establish Incubation and waste management facility.
Along with DST, Institute sponsors land, building and 3 Cr fund to establish the TBI
2013
Established Full-fledged e-waste, Bio- waste and Additive manufacturing facility.
12 Start-ups were supported (5 were students entrepreneurs) 8000 people were sensitized the importance of waste disposal
2015
NSTEDB -DST- Seed Support to Incubatees.
So far supported 15 startups with the seed loan of Rs.20-30 Lakhs. Among these, 2 were Vel tech Student entrepreneurs.
2017
NSTEDB-NIDHI CoE with funding to nurture entrepreneurs. Established Manufacturing, PCB, 3D Printing, AI Super Computer Centre of Excellence)
Product development supports- 200 Students + 50 Research Faculty Connected MSME clusters to use and get engaged with expert faculty Associated with SIDCO, AIMA and ACMA units
2018
NIDHI PRAYAS: funding (idea to Prototype grant)
Scheme Supported idea stage innovation. Total of 26 ideas / 8 ideas are from students with Rs.5-10 Lakhs grant.
2020
MeitY TIDE 2.0: funding (idea to Prototype grant)
Financial supports for ICT innovations
2021
Startup India Seed Fund Rs. 5.0 Cr
Easy Availability of Capitals to Startups Disbursed Rs. 2.0 Cr

8 WAYS ONE CAN ENGAGE WITH VEL TECH TBIs

Vel Tech TBI provides space, funding, mentoring, networking, training etc. to startup Incubates. Conducting training programs relating to various components of entrepreneurship including technology, innovation, GST, Finance, E-commerce, Digital transformation, Bio-incubation, Product management etc wherein one can participate as a trainer or attend as a trainee delegate.

Equipment Support subsidized rates includes Digital services & Products (Centre of Excellence on AI / ML / DL), 3D Printing and Additive Manufacturing, E-waste & Plastic waste management, Core Manufacturing, bio technology, Automobile Technology, Renewable Energy, Agriculture Unmanned Aerial Technology etc.

Since the incubates are potentially the seeds of future large enterprises, partners like Google, Amazon and others are providing various offers to help the startups to survive and scale. In future these startups will be major evangelists of those who helped them with great

Financial Support Rs 50.00 lakhs, the start–ups would be supported primarily on the following from the seed support Product development, Testing and Trials, Test Marketing, Mentoring, Professional Consultancy, IPR issues, Manpower for day to day operations

If you have long experience of industry experience, domain/ technology expertise, one can be enrolled as a mentor to Vel Tech TBI incubates

Be connected with Vel Tech TBI and evangelize the various elements of TBI to the social media contacts in Face book, Twitter, LinkedIn etc...

Since Vel Tech TBI contains various interesting ideas and business models, one can be an investor on some of these ideas

Incubatees are rendering various products and services to the world and one can be a potential user of some of the products and services originating from Vel Tech TBI startups.