Veltech TBI

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

Ideation Process

Developing Business Model Canvas

Group Mentoring Sessions

Training on Effective pitching

Embedded systems and VLSI

Developing Minimum Viable Product

Managing early phases of financing/UAV

Early stage market research and idea validation

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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

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Physical Space

FAB Lab

Legal & regulatory related

Bookkeeping and accounting Consultancy

Website and Mobile App development

RBL – Bank account

Financial support in the form of access to stipend/grants (10 Lakhs)

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Fund raising Techniques

Visibility / Media

Marketing techniques

Connecting to VC/Angel Investors

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  • 4 Plug and Play Seats (Complementary for 18 months)
  • Student Interns
  • Lab equipments, Sports & other infrastructure
  • Networking (Sports and Cultural events)
  • Marketing Outreach through conferences & events
  • Training Programs and Workshops (relevant to start-up needs)
  • Thought Leadership sharing in various areas and IP Filing
  • 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)
  • Start-up Spotlight, Growth Clinics, Hackathons, Pitch-fests, Demo-days
  • Partner offerings (Google, Amazon, Zoho, Paytm, RBL Bank,BOB Bank, Resileo Labs, IJITCE, Effitrac, YNOS)

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.

  • Alumni
  • Students and Project staff
  • External startups (with strong technology base)
  • Proposals with strong social & strategic impact
  • 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
    The performance of this institute with respect to the promotion of entrepreneurship activities is presented below as a case of evidence: 226+ Incubatees Registered, 50+ in Pre-Incubation 600+ members in Veltech TBI Ecosystem 45+ Mentors (International and National) / Startup Coaches 40+ 15 Strategic Partners (Google Cloud credits, Amazon credits, ZOHO Apps for business, RBL/BOB/DBS bank account, Paytm, Resileo Labs, YNOS venture engine, Effitrac, Stanford seed spark, Wadhwani Foundation, Math works, Sri Ramachandra Hospital, Kauvery Hospital)
    32 IPs and 8 International Journal Papers 50+ Awards & Recognitions for Vel Tech TBI Incubatees Best Incubator Award at Anna University, 2018 3 Major Programs of Govt of India being anchored by Vel Tech TBI
    30+ Conferences as Host, Speaker, Exhibitors, Panelists, Delegates 8000+ people trained by Veltech TBI on various training programs, workshops 500+ permanent jobs and 1500+ temporary jobs created by Vel Tech TBI Incubatees 6 Thrust areas / Centers of Excellence created with state-of- the-art machines
    15+ Event/Support Partners (Institutional Bodies/Association) 40+ Media Coverage & 100+ Social Media Imprints of Vel Tech TBI and Incubatees 13 Angel Investors and VC’s as part of Investor Collaboration Hackathons, Pitch- fests, Innovation Showcase, Demo days
    Startups Total Revenue Generated (FY 2020-21) 4+ Crores External Investments Raised 6+ Crores Valuation of Startup 70+ Crores External Entrepreneurs 90%
    Startup Success Rate 30% Cohort from Stanford University / Wadhwani Foundation - Regularly 2 nd Biggest in Incubatee enrolment, Support, Job creation, Infrastructu re etc. next to IIT Madras. Tie-up with SIDCO to help MSME/ Collaborated with major institutions like Institute of Directors, SPIN Chennai, FICCI Tamil Nadu State Council, ISC-2, Cyber Society of India, Wsquare for various initiatives / conferences
    Veltech TBI start-ups getting global recognition (Startup grind, Google ventures, Forbes Magazine etc) Collaborated with media like “The New Indian Express and Nanaya Vikatan” to feature the various incubation related activities, Conferences, stories about start- ups etc Partnered with Indus try Asso ciatio n – ACM A, AIM A, SIDC O & TID CO Knowledge Partner with EDII

    8 WAYS ONE CAN ENGAGE WITH VEL TECH TBIs



    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.

    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.

    Report

    Contact Us

    Dr. P Chandrakumar
    Head, Vel Tech TBI Vel Tech Rangarajan Dr.Sagunthala R&D Institute of Science and Technology.
    Contact Number: 9940024007
    Email Id: veltechtbi@veltech.edu.in

    For More details Contact

    Mr. Suresh
    Incubation Manager – NIDHI CoE
    Contact Number: 9840398366
    Email Id: incubation@veltechtbi.com