Background
INVENT is a joint initiative of the Technology Development Board (TDB), Government of India , Department for International Development (DFID), Government of the United Kingdom and Villgro Foundation as the monitoring agency for the implementation of the program. INVENT aims to make a positive social impact by providing incubation support to technology-oriented start-ups whose offerings benefit the Bottom of Pyramid of the society.
Program Partners
Who can apply (Eligibility)
- Social entrepreneurs who have an early stage venture or have an innovative idea capable of creating social impact along with prototype or working model or proof of concept.
- The applicant must have the principal business unit (for existing businesses) or proposes to set up principal business unit (for those who have not yet started operations) in West Bengal / Jharkhand / Orissa / Bihar / Madhya Pradesh / Uttar Pradesh / Rajasthan / Chhatisgarh. The existing business should be validly incorporated and running in accordance with applicable laws of the state and should not be subject to any litigation or other disputes with respect to the plan, prototype or working model being followed. The proposed business should not be subject to any legal restrictions in the respective state.
- The business plan or the early stage venture should not be an extension of the applicant’s family business or backward / forward integration with any existing business.
- The venture or the plan should have a commercially viable and scalable business model.
Sector focus
Affordable Healthcare
Agriculture
Clean Energy
Education
Water and Sanitation
Waste to Wealth
Livelihood promotion
Financial Inclusion
What are we offering
01.
Seed Funding
KIITTBI aims at providing seed funding support upto 25 Lakhs* to all incubatees under INVENT program and ensuring successful exit in 18-24 months time frame.
*Terms and Conditions apply
02.
Dedicated Mentorship
Mentor pool comprising of KIITTBI Alumni, Faculty, Entrepreneurs, and investors with expertise on different domains.
03.
Plug and Play workspace
With computer, internet, printing and conferencing facility.
04.
Support Services
Legal, Secretarial, IT Infrastructure support.
04.
Capacity Building programmes
on various aspects of entrepreneurship.
Portfolio
