Apply – Incubation Centre IIT Patna (original) (raw)
Who can Apply
- Start-upcompanies
- Students/ Members of faculty
- Innovators
In the technology areas of
- Electronic System Design and Manufacturing (ESDM)
- Information and Communication Technology (ICT)
In any of the following sectors
- IoT
- Industrial Automation
- Robotics / Mechatronics
- Industry 4.0
- Healthcare
- and the like
What is the selection process
- Step 1 : Preliminary scrutiny of applications
- Step 2 : Shortlisted applicants pitch to expert panel
The pitching may result in
Selection for incubation program (12 months,extendable upto 24 months )
Selection for 3 months pre-Incubation program,where team will receive support to optimize plans and pitch again
Suggestions to improve your business plan so that you can revise the plans and apply later
Step 3 : Offer of incubation / pre-incubation to selected applicants
Step 4 : Accept offer, Sign agreements and Get going with your venture
What we offer:
- Mentors : business, technology, product development
- Seed fund : Up to Rs 10 Lakhs
Office
- Fully furnished,air conditioned office
- Meeting/conference facility
- Internet & communication
- House Keeping
State of the art laboratories for
- Electronic System Design and Prototyping,
- PCB Prototyping and Assembly
- Testing and Calibration
- Mechanical packaging and Product Prototyping
- Micro-nano fabrication
- Access to Service Providers (Legal, audit, IP etc)
What we take:
- Resident Incubation :
- Equity : 5% preference shares
- Lab usage charges : Only for consumables used in the lab (equipment usage and manpower support are free)
- Security deposit (refundable) : Rs 20,000/-
- Rentalsas applicable, if you need a dedicated office
- Non Resident Incubation :
- Equity : 3% preference shares
- Lab usage charges : Pay per use
- Pre-incubation : No charges
Note: Management committee of Incubation centre is empowered to change/amend the terms. Termsapplicable will be mentioned as part of the offer.