INCUBATION




INCUBATION

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

Vel Tech TBI Support Services

PRE – INCUBATION STAGE

  • Ideation Process
  • Developing Business Model Canvas
  • Group Mentoring Sessions
  • Training on Effective pitching
  • Developing Minimum Viable Product
  • Managing early phases of financing
  • Early stage market research and idea validation

INCUBATION STAGE

  • Physical Space
  • FAB Lab
  • Legal & regulatory related
  • Bookkeeping and accounting Consultancy
  • Website and Mobile App development
  • Financial support in the form of access to stipend/grants (10 Lakhs)
  • RBL – Bank account

EARLY STAGE STAGE

  • Thrust area equipment support
  • connecting to OEM for first sale
  • DST – Seed Support System – 50 Lakhs Seed loan
  • Industry expert mentoring
  • Testing & Product Certification
  • Cloud credit with Amazon, Zoho and Google

ACCELERATION

  • Fund raising Techniques
  • Connecting to VC/Angel Investors
  • Marketing techniques
  • Visibility / Media

Veltech TBI value added services

  • 4 Plug and Play Seats (Complementary for 18 months)
  • Funding (Debt, grants from Govt-DST) (Angel and VC funding from strategic partner ecosystems like SiriusOne, Duotem Capital, Sett & Lucas, Equanimity, Speciale Invest, Operator VC, Boldkin, Eliglobal and others)
  • Mentors (Global {Google, Stanford, Twitter, Boise, Silicon valley, experts from UK, Singapore, Germany, Australia and India based senior entrepreneurs, industry captains)
  • Partner offerings (Google, Amazon, Zoho, Paytm, RBL Bank,BOB Bank, Resileo Labs, IJITCE, Effitrac, YNOS)
  • Lab equipments, Sports & other infrastructure
  • Student Interns
  • Training Programs and Workshops (relevant to start-up needs)
  • Networking (Sports and Cultural events)
  • Marketing Outreach through conferences & events
  • Thought Leadership sharing in various areas and IP Filing
  • Start-up Spotlight, Growth Clinics, Hackathons, Pitch-fests, Demo-days

ELIGIBILITY TO JOIN VELTECH TBI

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.

  • Proposals with strong social & strategic impact
  • External startups (with strong technology base)
  • Alumni
  • Students and Project staff

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

8 WAYS ONE CAN ENGAGE WITH VEL TECH TBI

Start-up Incubate

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.

Thrust Area Equipment Support to Incubates

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.


Mentor

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 to 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 .


Investor

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

 

Evangelist

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


Partner

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.

 

Customer of Our Incubatees Products and Services

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.

Contact Us

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