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Technology Innovation and Incubation Centre (TIIC)

Technology Innovation and Incubation Centre established in the year 2016 with an office space of 10000 Sq.ft for Pre-Incubation support within the premises of Institute. The centre is a one stop destination for entrepreneurs seeking to develop products in active collaboration with institute ecosystem.

Vision

To nurture the culture of Innovation and Entrepreneurship among the students, faculty, stakeholders and community Innovators

Mission

To foster Innovation by identifying the problems and providing solutions that would be commercialized into a venture development. Product development would be the prime focus by normalizing resources.

Objectives

  • Identifying ideas, Proof of Concepts (POC) , prototypes and translating them into product development and MVP stages through TRL activities.
  • Conducting Ideathons, Hackathons and Boot camps to engage and develop interest among all students, faculties and Innovators.
  • To create infrastructure for rapid prototyping, product development and MVP stage of Innovations.
  • To inculcate generation of IPR’s among the faculty members, students and Innovators.
  • Effective implementation of Pre-Incubation Program.

Thrust areas for the Pre- Incubation

  • Smart Manufacturing
  • Unmanned Aerial Vehicle
  • Waste Management
  • Internet of Things
  • Artificial Intelligence
  • Cyber Security and Data Science
  • Hybrid Electric Vehicles
  • Sensors and Embedded Systems
  • Agriculture and allied sector
  • Advanced Materials
  • Robotics and Automation

Our Team

S.No Name Portfolio
1 Dr. M Pala Prasad Reddy Dean- TIIC
2 Mr. V Raghavender Pre-Incubation Manager

Eco System in Pre-Incubation

Phase Ecosystem Layer Key Interventions
Pre- Incubation Exposure / Culture- Building
  • Outreach to student
  • Literacy program in Innovation/ IPR
  • Engaging various Stakeholders
  • Changing Mindset
  • Conducive and creative environment
Ideas / Innovation
  • Design Thinking & Ideation
  • Problem solving skills
  • Projects to proof of concepts
  • Common infrastructure & resources
  • Start-Ups and other business ideas
  • Ecosystem Building
  • IP Creation and Protection

Funding

1. MSME- BI:

The institute recognized as MSME- Business Incubator and through our centre any student, faculty or Innovator can apply for Seed Fund support from MSME.

2. Students Innovative Project Proposal (SIPP) Scheme:

The SIPP scheme is financially supported by Institute management and offering up to Rs. 2.5 Lakhs for Prototyping , Rs. 7.5 Lakhs for Commercialization and fellowship of Rs.5000 per month for all the student Innovators of IARE.

3.Seed Fund for Faculty

The institute offering Seed Fund support up to Rs.5.0 Lakhs for all the faculty members for Innovative Product Development.

 

 

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