Page 4 - KIIT TBI

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.