KIIT Technology Business Incubator

KIIT Technology Business Incubator (KIIT-TBI)
KIIT School of Biotechnology, Campus-11, KIIT University
Patia, Bhubaneswar-751024
Phone: [phone]
TeleFax: 91-674-2725732
e-mail: [email protected]
Website: www.kiitincubator.in

1. KIIT Technology Business Incubator (KIIT-TBI) - A
Perspective Ecosystem for Supporting Innovation and
Creating Enterprise

KIIT Technology Business
Incubator (KIIT-TBI) has been
established with a broader
vision and mission of
transforming research
developments into
commercially - feasible
technologies for the benefit of
society. The primary mission of
KIIT- TBI is to facilitate the
commercialization of research
results as well as the
acquisition and use of state-of
the-art technologies, which
would promote domestic resource exploitation and improve the international
competitiveness of national industry. KIIT-TBIs aim explicitly at incubating enterprises
with a high or advanced technology content. KIIT-TBI is an effective tool for technology
transfer, innovation, generating skilful jobs and for local economic development. KIIT-
TBI is supported by the National Science and Technology Entrepreneurship Board,
Department of Science & Technology, Government of India. The purpose of setting up
of this TBI was to promote clusters of Technology based Small Enterprises in selected
thrust areas utilizing the expertise, facilities and other infrastructure available in the
institution. KIIT-TBI was given the status of a Technology Business Incubator in 2008 by
NSTEDB, Department of Science & Technology, Government of India and was
registered on the 13
th
of October 2009 as a Section 25 Company with Registration No.
U80302OR2009NPL011211, 2009-2010). KIIT-TBI is also a member of APIN, ISBA and
NEN.
KIIT-TBI combines several basic elements
required for successful business development
like:-
. Suitable space and infrastructure at
affordable prices
.Comprehensive range of advanced services;
Access to a technology and knowledge source;
. Management assistance and training;
. Seed capital fund for early-stage financing;
. Mobilizing finances through banks/venture

2. capitalists / Angel Investors
. Networking
. IPR & Legal advise
. Various promotion supports like product launches, product seminars, exhibitions and
media interviews to facilitate product promotion and marketing activities for
incubatees.
. Equipments and Lab facility

KIIT-TBI brings about the following benefits to society in general various stake holders
in particular :

 To government – regional economic development, new jobs creation, higher tax
revenues, social benefits and overall improvement in national technological
capabilities
 To Research and Development (R&D) community – research commercialization,
interaction with industry, new sources of income generation
 To business/corporate sector – better investment choices, access to innovative
entrepreneurial business models, acquisition of new technologies, fulfilling social
responsibilities
 To technology-led start-ups – better access to resources based business
development expertise,
 Reduced risk and time to market
The TBI has a Governing body comprising of eminent personalities including subject
experts. The technical experts are associated right from the screening of the technology
proposed to be incubated till the graduating out of the incubatee into a successful
MSME unit. In its efforts to provide the best of its kind inputs to its incubatees, the TBI
draws from the strength of Scientists, Researchers and other experts from various
faculties of the University such as Biotechnology, Electronics and Telecommunication
Engineering, Mechanical Engineering, Computer Engineering, Law, Medicine,
Management etc. The University has been working with some of the best Universities
and International Institutes across the world such as ETH, EAWAG, Heidelberg,
Cleveland clinic, Universities of Florida and Pennsylvania of the US, NIFES and IMMT
etc .
Besides NSTEDB, KIIT-TBI is also supported by various Governmental agencies such as
Technology Development Board(TDB) for seed support assistance, BIRAC, Dept of
Biotechnology; Technology Incubation and Development of Entrepreneurs (TIDE),
Department of Information Technology(DIT); Ministry of Micro, Small & Medium
Enterprises(MSME) to Support entrepreneurial and managerial Development of
MSMEs through Incubators. Although the principal thrust of KIIT TBI is Biotechnology
and ICT, KIIT-TBI is now also focusing on other emerging areas in Engineering &
Technology and Rural Innovation. During the very short period since the TBI has

3. started, till date, 30 startup companies have been associated. Out of 30 incubated
companies,8 companies are graduated out.
KIIT Technology Business Incubator regularly conducting also conducted several
capacity building and training program for students ,
budding Entrepreneurs and faculties like Entrepreneurship
Awareness Camp(EAC) ,Entrepreneurship Development
Programme (EDP), Women Entrepreneurship Development
Programme (WEDP) , Techno Entrepreneurship
Development Program (TEDP) , Faculty Development
Program in Entrepreneurship (FDP), Idea Generation
Competition, B-Plan Competition, Innovators meet and
other different workshops and seminars
Achievements & Success:
 CNBC & CNN-IBN covered KIIT-TBI Incubatees
under “Future Startups of India”.
 Within Four years time 30 companies are associate
with KIIT-TBI .
 Over 280 employment generated by the Incubatees/
Graduated companies
 Dr Dipak Ku Sahu , Maa Kanak Biofertilizer
awarded the Best Incubatee Award at the Fourth ISBA
Innovation & Entrepreneurship Awards 2012.
 Silicon India’s interview with the founder of Ajatus – An Incubatee Company @
KIIT-TBI.
 Mr. Gautam Kumar, of Roboticwares awarded
“Achivers & Leaders Award” in India leadership
summit 2012.
 “Roboticwares” awarded Young Innovators
Award at EmTech India 2011, by MIT's Tech Review
Magazine
 Hello doctor 24x7” won the Award for the Best
Private Sector Initiative of the year and
2nd
prize in the
E HEALTH Private Sector Initiative Category at the
6th e-India 2010
KIIT – TBI will continue to play its role of an excellence multiplier by promoting
innovations with required support to turn them into individual units of excellence.