VIT
Technology Business Incubator

The mission of VITTBI is to promote entrepreneurship, incubate start-up ventures and offer technology development services to enterprising individuals and organisations. VITTBI is jointly funded by the Department of Science & Technology (DST), Government of India, and VIT.


Thrust Areas

VITTBI considers the following technology areas as thrust areas, taking into consideration the market demands of the region:

  • Automotive/Mechanical Engineering sector-related products and services
  • Biotechnology-based products
  • IT and IT enabled services
  • Energy and Environment-friendly solutions
Facilities
  • VITTBI has established a Product Innovation Centre consisting of a Rapid Prototyping Facility that can produce prototypes in ABS plastics material from CAD models, CNC Machining Centres and a Co-ordinate Measuring Machine
  • A second Product Innovation Centre that offers state-of-the-art equipment for the development and testing of biotechnology-based products
  • Access to VIT's faculty and academic experts
  • A mini-library with books on Technology, Marketing, Business and Finance
  • Internet facility
  • A conference room with LCD projection facility
  • Common Facility Centre and Discussion Hall
  • Furnished office space
Seed Fund Support

VITTBI has constituted a Seed Support System for start-up companies with assistance from the Technology Development Board, Govt. of India, to offer early stage financial support for deserving ideas/technologies requiring up-scaling and related work. The quantum of financial assistance ranges from a minimum of Rs. 10000 to a maximum of Rs. 2.5 million.

VITTBI Projects
  • VITTBI is a member of InfoDev, a World Bank group network of incubators that support initiatives focussing on ICT for developmental purposes. This helps VITTBI to interact with incubators across the globe for sharing knowledge, information and best practices. This linkage also helps incubatees of VITTBI to profit immensely from this linkage.
  • Lemelson Recognition and Mentoring Program (L-RAMP) Nodal Centre: The nodal centre assists innovators among students and faculty to work on innovative ideas. The scheme of Support includes financing prototype development, mentoring and building networks for commercialisation.
  • TePP (Technopreneur Promotion Programme) outreach Centre at VIT-TBI: VITTBI is one of the outreach centres of the TePP, jointly operated by the Department of Scientific and Industrial Research (DSIR) and Technology Information Forecasting and Assessment Council (TIFAC) of the DST. It is a novel programme intended to extend financial support to individual innovators for converting their ideas into working prototypes/models. TePP endeavours to tap the vast innovative potential of the citizens of India.
  • Entrepreneurship Awareness Programmes: VITTBI conducts Entrepreneurship Awareness Programmes for promoting and developing an entrepreneurial culture among students and companies in and around VIT.
  • Technology Entrepreneurship Training: VITTBI imparts conceptual and skill-based training to students identified for "Technology Entrepreneurship Training" This training imparts them with knowledge of the process of venture creaton after completing their studies.
Services

VITTBI's focus is to create commercially successful high-tech ventures, and nurture them by offering complete support by way of providing the resources these ventures need at the start-up stage.

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