The Kalasalingam Technology Business Incubator (KTBI) was established in the year 2015, which was started as Innovation and Entrepreneurship Development Centre (IEDC) with the support of NSTEDB National Science and Technology Entrepre-neurship Development
Board (NSTEDB), Department of Science and Technology (DST), New Delhi. Students and faculty are motivated to convert their innovative ideas to product with the support of upto 010 Lacs from KTBI under IEDC scheme, which strengthens the entrepreneurial
ecosystem. To add the feather on the cap recently our KTBI is recognized by MSME under the scheme “Support for Entrepreneurial and Managerial Development of MSME’s through Incubator” with the fund support of 02.5 Crores. With the financial support
from the government scheme and from our institute, many startup companies have successful-ly graduated and established their company and in the position of offering jobs to many graduates. More than pat-ents are filed from the incubatees. Apart
from supporting the startups in converting the ideas to prototype and making them as successful employers , insti-tute provides the physical office space and mentorship to many startup companies in term of technical and financial pro-cedures.
Regular mentoring and training from the industry experts and experts from financial institutions are arranged for enhancement of the business opportunity and visibility of the startups in widespread. Also, our incubator is arranging various activities
and awareness camps related to Entrepreneurship, Technology-based Innovation, and Idea to Product contests for the students for many years. As an outcome of those activities, Mentoring and Funding, the students have started 10 technology-based
start-up companies in the last three years within the campus and they are started generating revenue income. Apart from the Financial Grants from the Government of India, our incu-bator helps in getting loans from banks to establish their companies
in a large set-up. And also. this Centre keeps on sup-porting the Alumni Entrepreneurs through various aspects through guiding them related to Technological-based problems to the solution, Marketing, and even Financial assistance.
To be a Center of Excellence of International Repute in Education and Research.
To be a Center of Excellence of International Repute in Education and Research.
To create the state of the art infrastructure facility with industry collaboration for the design and development of innovative products of national/international importance and societal needs. To create an entrepreneurial culture at the institution and
support other institutions in the region, to promote the objectives of IEDC& IIC. To inculcate a culture of innovation-driven entrepreneurship through student projects and encourage women to become entrepreneurs To respond effectively to the
emerging challenges and opportunities both at the national and international level relating to SMEs and micro enterprises To organize design contest, seminars, workshops, and short term courses to encourage students within the region to become
innovators and entrepreneurs
Establish collaboration with reputed Govt. Organizations, academic institutions, and industries and create a network that can enable students to actively participate and pursue their entrepreneurial interests. Carry out collaborative research and development
activities with a reputed international university, and set up the state of the art innovation labs that can help students to build their products. To promote business activities for self-funding
Internal and external mentors forthe following trust areas with expertise in different domains giving mentorship to the in-ternal startup and external startups.
Faculty members and students of KARE are occupied in knowledge discovery and dissemination. Wherever possible, the outcomes from R&D exercises carried out by our members are expected to get translated into commercial products. KARE encourages enthusiastic
faculty members to start companies, be on the committee of companies in positions such as Di-rector, Chairman, CEO, Technical Advisor, etc. While allowing such a role, KARE assumes that faculty members will make all efforts to balance
their academic responsibilities. The general guidelines for the start-up activities are listed below.
| S.No | Innovation / Start-Up Name | Department | Founded by | Name of the Co-Founders | Name of the Co-Founders |
|---|---|---|---|---|---|
| 1 | Minniayal Pvt. Ltd | Electrical | Student | Saurabh Kumar Sharma, N Ragupathi Muthu | Solar Inverter |
| 2 | SKIM Biotech Pvt. Ltd | Biotech | Student | G Santhana Krishnan, Shwetha Selvam | Keratinase Enzyme | YakaTi Yaha K Soft |
| 3 | Raj Bioelectronics And Intelligent Pvt. Ltd | Biomedical | Student | N Pothirasan, V Muneeshwaran, Raja Sudharsan R | Bipolar electrosurgical generator | Intelligent Home Automation | Water Level Indicator |
| 4 | Ringarr Biocontrol Pvt. Ltd | Biotech | Student | B Rakshana, Adhvidha | Pf2 act for Onions | Pf2 plus for Cardamom | Pf2 Humic for all crop plants |
Kalasalingam TBI & Innovation and Entrepreneurship Development
Centre frequently arrange programmes & activities to motivate and
encourage students to become potential entrepreneurs. Aspiring &
Alumni Entrepreneurs Meet (AAEM), Entrepreneurship Orientation and
Awareness Camps, Entrepreneurship Development Programs (EDP), Faculty
Development Programs, Technology Entrepreneurship Development Programs
(TEDP), hackathons, boot camps, ideathons, etc are the varied events
that are promoted within the campus to extend the number of start-ups
consistent with student ideation during a group or as individuals. KARE
IEDC & TBI takes an active role in celebrating the events like
Innovation Day, Start-up Rendezvous, World Entrepre-neurs Day, etc to
frequently inhibit and encourage the studentpreneurship within the early
stages and participate in exter-nal competitions on Ideation, Product
Developments, Start-up events at the national level and international
levels.
To create awareness among faculty and students of Engineering and
Science courses about various facets of entrepre-neurship as an
alternative career option as also to highlight the merits of pursuing
such an option.
To train the S&T graduates and the diploma holders in the essentials
of conceiving, planning, initiating, and launching an economic activity
or an enterprise successfully.
A Technology-Based EDP primarily focuses on the training and development
need of S&T entrepreneurs in a specific tech-nology area (for
example, Leather. Plastic, Electronics & Communication, Fragrance
& Flavour, Instrumentation, Sports Goods. Biotechnology, IT Computer
Hardware, Food Processing, Bio-medical Equipment, Glass & Ceramics,
Jute Products, Sustainable Building Materials, Herbs & Medical
Plants Processing, etc.). The participants are provided with hands-on
training in indigenous technologies developed by R&D institutions
that are available for commercial exploitation.
A Faculty Development Programme (FDP) is designed to train and develop
professionals in entrepreneurship development so that they can act as
resource persons in guiding and motivating young S&T persons to take
up entrepreneurship as a career. Through each FDP, 15-20 faculty members
of Science and Engineering colleges, Polytechnics, and Entrepreneur-ship
Development Organisations are trained for 2 weeks.
Firstly, we get financial support from our Institution management. We
get support from the Department of Science and Technology, Government of
India, Entrepreneurship Development Institute of India, Ahmedabad , and
we also get finance from the Ministry of MSME. , Entrepreneurship
Development Institute of India, Ahmadabad provides financial support for
conducting entrepreneurship awareness program, technology
entrepreneurship development program towards entrepre-neurial promotion
for students and faculty members under the scheme “DST-NIMAT ” grant
worth Rs.14.80 Lakhs. Depart-ment of Science and Technology provides
support for the Idea to the Product development program for students
under the scheme of IEDC grant worth Rs.45.30 Lakhs. They also support
Product commercialization for students Start-Ups under the scheme
“Start-Up NITHI ” grant worth Rs. 1.04 Crores. Ministry of MSME gives
support to the start-ups, SMEs, and stu-dents team for the Product
commercialization process under the scheme “Support for Entrepreneurial and Managerial De-velopment of MSMEs through Incubator ” grant worth
Rs.2.5 crores. The government of Tamilnadu supports the start-ups and
SMEs for the Product Development and commercialization process under the
scheme of “Innovation Voucher Pro-gramme ” grant worth Rs 2 to 5 Lakhs
through Entrepreneurship Development and Innovation Institute, Chennai.
