BMSIT&M established Incubation centre to encourage students and faculties to catalyze development of innovation-driven enterprises. The Centre has been recognized and approved as the Host Institute to setup Business Incubator (BI) by Ministry of MSME, Govt. of India. The Incubation centre, activity engaged to enable its students get first-hand experience in entrepreneurship, promote innovation at the institute and provide comprehensive and integrated range of support including space, mentoring, training programs, networking and an array of other benefits.
BMSIT Incubation Centre is housed in the campus itself. It has the Best facilities and resources available to incubatee such as laboratories, development and testing centers, computing resources, library and above all highly experienced and knowledgeable human resource. In addition to these, Centre also has a network of eminent professionals, academicians, bankers, venture capitalists and businessmen, who can extend support to new ventures.
The Centre offers training in ideation, business planning, entrepreneurship, marketing, business communication, intellectual property, idea pitching others.
Dr. M V Sudhamani
BMSIT Incubation Centre
BMSIT Incubation Centre gives importance to mentorship and believes that sharing the knowledge from experience can ease challenges of an entrepreneur. The mentoring support is offered through a pool of mentors consisting of senior faculties, Industry people, Business Consultants who will enlighten the road for incubates. Business modelling, Business plan preparation, finance and legal support are all other branches of the Mentorship Program
One of the objectives of Incubation is to utilize the technical expertise and lab infrastructure of BMSIT&M. Therefore, every company that is offered incubation at BIC has to select one faculty member from the Institute who shall act as a mentor to the incubated company and guide the company on product development. The company has to offer minimum 1% of share equity to the mentor as a consideration of mentorship.
Industry Mentor BIC has created a database of Industry mentors. Every company incubated at BIC may select one Industry mentor within six months from the date of joining the centre. In case the incubatee opts for an industry mentor, the company has to offer a minimum 1% of equity to the mentor as a consideration of mentorship.
BMSIT Incubation Centre may provide seed loan subject to the availability of funds/ grants/ schemes meant for this purpose. Seed loan will be sanctioned only to the registered companies and shall be based on the merits of each company. Further, the admission to BIC shall not automatically entitle the companies to seed loan.
A company desirous of getting seed loan may submit an application for seed fund after three months of incubation at BIC. The seed loan will be sanctioned based on the eligibility criteria as decided by BIC. It would also be subject to the terms stipulated as per the Seed funding Guidelines of BIC.
Contact Number: 080-28561576 / 9448829422