SOCIETY FOR INNOVATION & ENTREPRENEURSHIP Poyni Bhatt CEO - - PowerPoint PPT Presentation

SOCIETY FOR INNOVATION & ENTREPRENEURSHIP

Poyni Bhatt CEO

Technology Business Incubator hosted by IITB, set up as a non-profit entity in 2004 Preference for intellectual property based companies, IITB linkage Functional autonomy under its

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Governing Board. Board members are from IITB academia and industry experts Basis for incubation: Potential to create economic growth, strategic and social value

SINE Background

Timeline

2000-2004 2004-2015 2016-present

Pilot Incubator - IT/ ITES based Product based (S/W and H/W) Seed Funding Pilot PoC funding Accelerator programs : Plugin, SCube Corporate engagement: Intel, SAP, ONGC PoC grant: NIDHI PRAYAS Cross border programs: AIT, IRBI

• Alumni engagement
• Institutionalized incubation &

processes.

• Entrepreneurship within campus.
• Govt. came forward to support.
• CoE Award: DST
• Start-to-end support
• Fellowship: NIDHI EIR

13 companies incubated

• 77 Companies incubated
• 6 PoC support
• 116 Incubation, acceleration
• 16 PoC support
• 4 Cross border programs: 40

Innovators, entrepreneurs

Academia industry training Hackathons Cross Border Programs

Programs

• Terms favorable to entrepreneurs
• Operationally self-sustained using current revenue

model

Equity (single digit) (1.5-5%) Subsidized Rent Revenue Share (1.5-3%)

Incubation Benefits & Terms

Incubator as an enabler

• Entrepreneur with a right attitude, complementary

skills, technology differentiation

Select

• Team structuring, capital structuring, business

model, revenue model…

Coach

• Investors, market, experts, mentors, designers,

manufacturers...

Network

• Conducive environment, Incubation support and

Ecosystem

Create Incubator team plays a key role

Selection process

Application Received Internal Review External Review Incubation Pre- Incubation

SINE: 3 level screening process

Startup Enablers

Ecosystem

Govt. Initiatives Academia Corporates Trade bodies Peer to peer learning Global mobility Culture & Mindset Technical skills Funders MATURE ECOSYSTEM

IITB Entrepreneurial Ecosystem

SINE

IRCC Core Research Groups Applied Research Groups Student initiatives Research Park Academic Initiatives

10,000+ students on roll (3019 B Tech, 1127 DD, 2961 Masters, 2899 PhD ) 130+ Post-doctoral fellows 1358 Project staff (Technical) 26 Academic Units 19 Research Centres 600+ full-time faculty 100+ part-time faculty

Indian Institute of Technology Bombay Established 1958 Institute of National Importance

IRCC

• Technology transfer
• IP licensing
• Patent analysis of existing IP at the institute

BETiC

• Biomedical Engineering and Technology (Incubation) Center
• Prototyping lab facility
• Focus on applied research
• 2 companies incubated at SINE

WRCB

• Wadhwani Research Centre for Bioengineering
• Focus on cross-disciplinary applied research projects

Tata Centre

• Focus on frugal innovation
• Prototyping lab facility

Student bodies

• ECell
• EClub
• STAB
• RSF
• Tinkerers Lab

Prototyping facility

• SINE Prototyping lab
• Department facilities
• Tata Centre
• SAIF

SINE Portfolio - Internship

ICT – Software – 30% Hardware – 9% Healthcare – 14% Education – 4% CleanTech/ Energy – 8% FinTech – 4% Mechatronics – 8% IoT -10% Media – 4% Other – 9%

GovtPrograms

• Prototyping grant up to Rs. 10 lakhs
• Access to infrastructure, mentorship
• Co-working spaces

Enquiry: nidhi-pc@sineiitb.org

• Grant support of Rs.10-30,000/- p.m.
• Guidance on business concept, strategy.
• Co-working spaces

Enquiry: nidhieir-pep@sineiitb.org

Govtschemes

• BIRAC
• BIG – (Biotechnology Ignition Grant)
• SBIRI (Small Business Innovation Research Initiative)
• BIPP (Biotechnology Industry Partnership Programme)
• DST – Academia Industry Training (AIT) Program
• Meity – IIPME

Plugin –Accelerator program

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Impact 116 cos in various domains 40 current 39 Graduated & Operational 15 Merged/ Acquired 22 Folded

Cumulative numbers

GOVT. CORPORATE ACADEMIC INTERNATIONAL CSR FUNDING INVESTORS

Collaborations

Impact Direct impact: 116+ companies incubated ~3,000 Jobs created during incubation 330 Entrepreneurs/Co-founders 28 IP from IITB commercialized 26 Firms with social/environment impact 11 Firms with indigenisation/strategic value Indirect impact: Policies & procedures emulated as benchmark Cluster emerging in Powai Training & networking events Revenues of incubatees ~$150M Trailing 5yr cumulative revenue (all cos.) Funding raised by incubatees 39 Co.s funded by Angels/VCs 27 Co.s funded by bank, Govt. ~$155M+ external funds raised Ratio SINE: External funding = 1:150+

Future – Centre of Excellence

Proposed building (Floors 5,6,7 for SINE)

www.sineiitb.org