Institute of Aeronautical Engineering established Technology Business Incubator (TBI) centre in the year 2019 with the support of Ministry of Micro, Small and Medium Enterprises (MSME) under A Scheme for Promotion of Innovation, Rural Industry & Entrepreneurship. The TBI centre is located in the premises of institute with a built-up area of 6,414 sft.
The TBI centre acts as a platform for the provision of developing the products and experiential learning so as to fulfill the objectives of the National Education Policy 2020. The Incubation Centre aims at fostering innovative research and entrepreneurial activities in Engineering and Technology. It provides a suitable platform for young entrepreneurs and converts their innovative ideas into high-quality products.
The chief objective of the centre is to encourage graduates to share their thoughts on the selected issues to review, refine, and process their ideas. Incubation centre emphasizes on providing an environment for the establishment of the proposed ideas and redesigning them to a level of business esteem. After fruitful and constructive incubation, the ideas will be Implemented and the incubatees will be directed towards setting up a business undertaking.
The present incubating facilities are shared with the Department of Agriculture, National Small Scale Industrial Consultancy (NSIC) in collaboration with various local agricultural departments, local farmers in the region. Many campaigning programs have been conducted across various engineering colleges to create awareness and sharpen the ideas in new incubate. IARE-TBI center initiates to organize various large-scal seminars, workshops, Technology Entrepreneurship Development Programs (TEDP). Entrepreneurship Sensitization Development Program (ESDP) in Telangana. These programs attract prospective entrepreneur to interact IARE-TBI center for skill and technology transfer in in building-up prototype models in smart manufacturing and agriculture.
The TBI under the ASPIRE is setup with the following objectives:
The plant and machinery procured under the scheme are being utilized for the promotion of the student innovative projects to develop interdisciplinary prototype models.