DST NIDHI i-TBI
DST NIDHI i-TBI – Technology Business Incubators (DST NIDHI i-TBI)
The Department of Science and Technology (DST), Government of India, plays a pivotal role in promoting Innovation and Entrepreneurship across the country. Through its NIDHI (National Initiative for Developing and Harnessing Innovations) program, DST supports Technology Business Incubators (TBIs) to foster the growth of Technology-led and Knowledge-driven Startups.
KIT's IRF is proud to be supported under the DST NIDHI i-TBI program, with a sanctioned budget of ₹5 Cr. for three years. This support has strengthened the Incubation Center's purpose to nurture and support Startups by providing access to Expertise, Infrastructure, and Mentoring. The grant also empowers Startups with funding opportunities such as the Ignition Grant, aiding in the development of Innovative Solutions.
With DST's support, KIT's IRF continues to build a vibrant Entrepreneurial Ecosystem that drives Impactful Technological Innovations.
DST supported TBIs typically provide the following types of services
Physical Workspace
Research Infrastructure
IP Development Support
Mentorship Support
Accounting
Legal Support
Networking
Access To Finance
Market Access
In addition to providing a range of services to new enterprises, TBIs also create a conducive atmosphere for their survival and growth. Startups apply directly to the TBI. Once their application is accepted by the TBI, the Startups are provided with incubation support.
Objectives
TBIs are promoted to achieve the following objectives
- To promote new technology/knowledge/innovation-based startups.
- To provide a platform for speedy commercialization of technologies developed by the host institution or by any academic/technical/R&D institution or by an individual.
- To build a vibrant startup ecosystem, by establishing a network between academia, financial institutions, industries and other institutions.
- To provide cost effective, value added services to startups like mentoring, legal, financial, technical, intellectual property related services.
- To create jobs, wealth and businesses aligning with national priorities.
