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,
Vel Tech TBI nurtures technology ventures through their start-up phase by providing all the support necessary to help entrepreneurs establish themselves before they scale up their ventures. Vel Tech TBI seeks to support entrepreneurs translating innovations into products and services that are commercially viable.
A JOURNEY OF A THOUSAND MILES MUST END WITH A SINGLE STEP. – Lao Tzu
IT’S NOT ABOUT IDEAS. IT’S ABOUT MAKING IDEAS HAPPEN. — Scott Belsky
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.
If you have long experience of industry experience, domain/technology expertise, entrepreneurship experience, one can be enrolled as a mentor to Vel Tech TBI incubates.
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 .
Since Vel Tech TBI contains various interesting ideas and business models, one can be an investor on some of these ideas
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 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.
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.
TBI Services - 100% GST Exempted
As declared by the GST council, TBI supported by DST/DBT are exempted from GST for their services. Hence ours is exempted.
Taxable services, provided or to be provided, by a Technology Business Incubator or a Science and Technology Enterpreneurship Park recognised by the Nation Science and Technology Entrepreneurship Development Board of the Department of Science and Technology, Government of india or bio-incubators recognised by the Biotechnology Industry Research Assistant Council, under the Department of Biotechnology,Government of India.
Dr. P Chandrakumar,
Head, Vel Tech TBI
Vel Tech RangarajanDr.Sagunthala R&D Institute of Science and Technology.
Contact Number: 9940024007
Email Id: veltechtbi@veltech.edu.in
For More details about Incubation Contact
Mr. Suresh
Incubation Manager – NIDHI CoE
Contact Number: 9840398366
EmailId: incubation@veltechtbi.com