The establishment of the Incubation and pre-incubation cell at Techno International Newtown has been conceptualized to imbibe the Innovation and Entrepreneurship culture among young minds and also to promote and sustain innovations right from the generation of idea to the development of the start-up. The main aim is to shape next-generation entrepreneurs. The incubator will provide a defined set of services to individuals or small companies. This may include flexible lease terms, specific office space, access to technology, technical assistance, and financing. The technical assistance might include marketing, legal, finance, HR, and other business development services. The Incubator will play a critical role in promoting knowledge transfer by locating similar or complementary entities in close proximity to each other. The cell will ensure that there will be a minimal financial risk to young entrepreneurs.
Aim of this incubation center is,
• To encourage the students and faculty members with innovative ideas and develop these ideas into commercial products and bridging the gap between Industry and Academia.
• At the same time support will be given to protect the ideas of the students and scientists as patents.
Objectives of the Cell
1. To serve as a platform for promotion of self-employment activities.
2. To foster a culture of innovation amongst students and to propel successful innovation
3. To promote start-ups based on novel or existing technologies/processed/knowledge/innovations.
4. To provide platform for commercialization of technologies either developed by TINT BI of by any academic/technical/R&D institution.
5. To establish a network between academia, industries and government/private financial institutes.
6. To mentor start-ups by providing scientific mentoring, legal as well as technical advising and helping them in matters related to Intellectual Property Rights.
SAILENT FEATURES
1. To encourage Entrepreneurship and innovation and incubation of ideas.
2. Each project will be executed by a team of entrepreneurs (students/alumni/ faculty/Industry)
3. Each project will be given infrastructural support such as workspace, internet etc.
4. The program will cater to the projects that solve problems and find solution to local needs (district and state) rather than global problems and needs.
5. The problem can be from pharmacy/health care sector but one should provide solution to the selected problem.
6. To facilitate the students to get internships through the companies which are under incubation.
INVITES APPLICATIONS WITH INNOVATIVE IDEAS TO AVAIL THE SERVICES OFTINT BUSINESS INCUBATION
The process of Selection is detailed under Selection Process. Application may have the following details: Name of the Applicant, his address, Telephone, email id and complete educational background and experience details of all the promoters team. A brief idea about the technology and business, type of research or development assistance needed, availability of start-up capital, services expected from TINT BI cell and declaration that the details shared are not any trade or commercial secret.
ELIGIBILITY
Admission to the Incubation centre is open to:
• Faculty and Staff (Current) including Adjunct faculty
• Students (Current and Alumni <2 years)
PROPOSED ACTIVITIES
Activities will be conducted round the year to motivate the young brains for innovative ideas and solutions to existing healthcare and pharmaceuticals related problems. The generated ideas will be mentored in the incubation centre to convert it in to a start-up. The incubation centre facilities can also be extended to support the small and medium scale healthcare industry for bringing solution to their day to day problems.
A panel of experts will process the applicants, interview the promoters and select the ventures for incubation after carefully evaluating the business idea, market availability, potential value, growth prospects, innovative content and promoter team. The panel will consist of experienced and qualified professionals from specific industry and academicians of repute.
The project work shall be enrolled in the following stages
Step 1- Project Idea Generation and Screening
a. Creativity and Idea Generation – SWOT analysis of Idea and articulation of objectives
b. Screening of Ideas – Cost , Return and Risk
c. Scanning the Environment – Economic Sector, Governmental Sector, Technological Sector, Socio-demographic Sector, Competition, Supplier Sector
d Corporate Appraisal – Marketing , Financial, Technical and Socio-economic
Step 2- Converting concept / ideas in New Project Ideas
a. Feasibility as per Step 1
b. Study the Existing Industries
c. Observe the Inputs and Outputs of Various Industries
d. Analysis of internal markets , Imports and Exports
e. Study of Economic and Social Trends
f. Observe New Technologies
g. Identifying Psychological Needs
h. Study the Government Guidelines and Recommendations for Financial Institutions
Stage 3: Prototype phase
Stage 4: Intellectual Property Rights evaluation for filing patent
Stage 5: Commercial and Marketing Phase
