Incubation

The SIDBI Innovation and Incubation Centre (SIIC) offers a whole gamut of incubation facilities and services to prospective entrepreneurs and intrapreneurs to convert their innovative ideas into commercially viable products. SIIC incubates ventures in technology, engineering and other interdisciplinary areas. The regular events like entrepreneurial talk series, workshops and seminars have offered SIIC a good interface and visibility in the region.

Since its inception in 2003, the centre has grown tremendously and has emerged as a prestigious incubator in India (won the National Award for Technology Business Incubators for the year 2011). From 2003 till date, SIIC has grown from one incubation centre representing IIT to seven centres representing various arms of Government. It acts as a:

  • SIDBI Innovation and Incubation Center (for SIDBI)

  • Technology Business Incubator (for DST)

  • MSME Incubator (for MSME)

  • Technology Incubation & Development of Entrepreneurs (for MIT)

  • Technology Entrepreneurship Promotion (for DSIR)

  • BIO-Incubator (for DBT)

  • MoLE Incubator.

SIIC can incubate on an average 33 companies. So far, it has incubated and mentored 53 companies of which 26 have already graduated. 

                                                                                                       

Mergers/Takeovers/Strategic Stake/Technology Transfer till date

 

Incubatee Company Strategic Stake/Merger
  Adya Systems   Whiz Net Inc., USA
  Aurora Integrated Systems   Tata Group
  Whorl Engineering    Walchandnagar Industries
  Weather Risk   ICICI Lombard
  Aarsh Management   CMC Ltd.
  Geokno India Pvt. Ltd.     GMR Infrastructure Groups
  Irene Nanocore Pvt. Ltd.   Biocon

 

BECOME AN INCUBATEE

 

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