Technology Business Incubator (TBI) established at IIT Bombay
by Society for Innovation and Entrepreneurship (SINE), IIT
Bombay, was inaugurated by Dr V S Ramamurthy, Secretary, Department
of Science and Technology, Govt of India on April 28, 2005.
Shri Rahul Bajaj, Chairman, Board of Governors, IIT Bombay
and Chairman, Bajaj Auto Ltd. was also present on the occasion.
V S Ramamurthy termed this an important milestone in the development
in the country. IIT Bombay
has advantages conducive to entrepreneurship including
top class students, faculty, and a range of disciplines. The Business Incubator
at IIT Bombay could become a model for academia to emulate, he said.
Bajaj while speaking on the occasion said that activities
such as SINE should be encouraged and promoted as entrepreneurship
is the root of the
economic development of the country.
Prof Ashok Misra, Director, IIT Bombay said that the incubator
would be a boon to the IIT community and new companies.
He mentioned the future vision
to start a Technology Park in the vicinity, which will draw on the advantages
available at IIT Bombay and the advanced technology companies nearby.
Prof N L Sarda, Professor In-charge SINE, said that SINE
will endeavour to provide enabling conditions that create
the use of
knowledge and innovation. He also mentioned about Rs 2 crores (approx.)
support provided by Department of Science and Technology, Govt of India,
as an initial
grant for this initiative.
has grown out of the IIT - Industry interaction of the R&D
section of IIT Bombay. Prof K C Khilar, Dean R&D, speaking
at the function said that the R&D journey at the institute
used to stop at publication and patents stage. Business Incubator
will take the journey further and will help end product
of research reach the society. It will also give a boost to good research
Spread over 10000 sq.ft. the incubator will
provide full support to the Incubatee Companies including physical
such as fully
with computers, internet connectivity, meeting rooms, conference
rooms, and other
shared facilities. Apart from these, the incubator will also facilitate
networking and mentoring support, organise showcasing events for
and conduct training programmes which are relevant for the entrepreneurs.
support will also be provided by a resource centre sponsored by the
National Entrepreneurship Network (NEN). The Incubator will focus
Technology based companies set up by IIT Bombay community for business
and will also admit technology based companies with strategic and