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KIIT-TBI                                                4



            BioNEST
            KIIT-TBI Bioincubator has been in operation since 2012, with support from BIRAC under the Bioincubator Support Scheme (BISS). It has
            established itself in the eastern region with an excellent track record for growth and development of early stage companies carrying forward
            translational research. Having an unrivalled ability to cater for the needs of both office and lab-based startups, by providing flexible  and
            affordable accommodation it’s currently home to 30 innovators including companies operating in the agri biotechnology, industrial processes
            to formulations, nanotechnology and  medical devices sector.
            BIRAC has recently initiated Bio-NEST program, aimed at creating 15 worldclass bioincubators, with KIIT-TBI being one of them. This programme
            provides incubation space, mentor network, instrumentation facilities, IP and technology management support.




            Biotechnology Ignition Grant (BIG)
            BIG is the flagship pioneering startup funding
            programme  of  BIRAC,  DBT,  GoI.  With a
            grant-in-aid of up to INR 50 Lakhs over a period
            of 18 months, the scheme encourages and
            supports biotech entrepreneurs to establish
            and validate proof of concept (POC) for an idea
            with a commercial potential.



            SPARSH - SIIP
            Social  Innovation Programme  for Products
            Affordable  and  Relevant  to  Societal  Health
            (SPARSH) highlights the need of innovative
            solutions  to  society’s  most  pressing  social
            problems.
            SIIP (Social Innovation Immersion Program) is a
            fellowship programme under SPARSH scheme
            that aims to build the next generation of social
            entrepreneurs by helping them immerse and
            interface with communities to identify gaps
            and  then  work  on  bridging  the  gaps  through
            an innovative product or service offering. The
            program offers a fellowship of upto Rs. 50,000
            per month for a period of 18 months along with
            a prototyping grant of Rs. 5 Lakhs.



            Entrepreneur-in- Residence (NIDHI-EIR)                 NIDHI - PRAYAS Centre (PC)
            The programme aims to inspire brilliant minds to be entrepreneurs,   The  main  objective  of  the  KIITTBI-NIDHI  PRAYAS  Center  (PC)  is  to
            to minimise the risk involved in pursuing start-ups, and to partially set   support the innovators (PRAYASEE) by providing  prototyping grant
            off their opportunity costs of high paying jobs. The scheme provides a   along with a PC Fab Lab facility for the development of PoC/Product
            fellowship up to Rs.30,000 per month to an aspiring entrepreneur of   thus bridging the gap between idea and prototyping. The current
            considerable potential for pursuing a promising technology business   focus areas for support are manufacturing, agriculture, healthcare,
            idea  for a maximum period of 12 months. The entrepreneurs are   clean-tech, energy, water and Internet of Things (IoT). Along with a
            provided with an office space, administrative support and a stipend   prototyping grant of upto 10 lakhs, the grantees will be provided with
                                                                   technical guidance, business mentorship and IP facilitation support.
            to foster most of their ideas and turn innovative breakthroughs into   After prototyping stage, they will be eligible for futher funding and
            viable businesses. The programme thus encourages enterprising   incubation support at KIIT-TBI to scale their product/service with the
            individuals to venture out and pursue daring entrepreneurial ideas as   help of various support schemes.tation facilities, IP and Technology
            well as enhances the quantity and quality of start ups.  management support.
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