Creating impactful, innovative and successful enterprises
More than 10 years into promoting innovations and entrepreneurship in the country, KIIT-TBI now has evolved into a potential centre of relevance and excellence in the eastern and northeastern part of India.
Started in 2009 as an initiative of KIIT with the humble support of Department of Science & Technology (DST), Govt. of India, KIIT-TBI has always strived to boost the entrepreneurial ecosystem in the country.
In those days, the recipe for an ideal incubation model was yet unwritten. With a passionate young team and inspiring leadership, today we stand strong and deliver what is in best interest of our stakeholders. Today we are the epicenter for technology startups and entrepreneurs in the east and northeast region.
KIIT-Technology Business Incubator (KIIT- TBI) is a non-profit incubator set up in 2009 as the Sec (8) company at KIIT University, Odisha. It is generously supported by various Government bodies such as DST, BIRAC, MeitY, MSME, TDB, DFID, UK, Startup India & Startup Odisha, and also various industries to boost the entrepreneurial ecosystem in the country.
It has nurtured over 380 startups including more than 130 women-led startups. KIIT-TBI has all together enabled the creation of over 5000 technical jobs, onboarded 50+ industries, and promoted 200+ manufacturing startups in Biotechnology, Electronics, Digital health, Industrial Biotechnology, Cleantech, Food & Neutraceuticals, Wate to Value, Defence and Aerospace, etc. In 2020, it has been recognized as the Centre of Excellence in incubation by the Department of Science and Technology (DST), Govt of India.
KIIT-TBI has expanded its presence by establishing a BIRAC Regional Techno-entrepreneurship Centre (BRTC), by BIRAC-DBT, Government of India to promote startups in East and North East State of India. Nearly 50 startups of KIIT-TBI have raised follow-on Angel and private investment funding of Rs 1,300+ crore and thus scaling new heights. In the last 13 years of its journey, KIIT-TBI has built a holistic ecosystem to nurture deep-tech and social startups from ideation to growth stage including nurturing 20+ rural manufacturing clusters in various East and North East states of India. With the required technical infrastructure and strong mentoring support, KIIT-TBI is marching ahead to build international collaboration to support cross-border partnerships. Recently, KIIT TBI is recognized as the Defense Incubator by the Department of Défense Production, Ministry of Defence, Government of India (DIO-IdeX) to promote the co-creation of innovative defense technologies.
KIIT TBI’s social vertical incubates social impact businesses/startups that have ideas and technologies to solve social/environmental problems. Social & CSR vertical works on diversity and endeavors to promote entrepreneurs from marginalized sections of society such as SC/ST/Women & Farmer entrepreneurs. The vertical is also actively involved in propelling grass root innovations and deploying technologies in the remotest villages, generating alternate likelihoods and ensuring rural development and inclusive socio-economic development goals.
KIIT Technology Business Incubator won the National Award for Technology Business Incubation for the year 2017 from the Union Minister for Science and Technology, Earth Sciences and has been awarded National IPR Award 2021 under the category of Best Incubator for nurturing the IP, instituted by the Office of the Controller General of patents, design and trademarks (CGPDTM), DPIIT, Govt of India. Recently, KIIT TBI has been ranked 1 in the incubator list in the public sector.
KIIT-TBI is now building a platform to support manufacturing hubs to propel the startup ecosystem in Odisha and beyond. Very recently, KIIT-TBI became the anchor organization to set up the Bhubaneswar City Knowledge Innovation Cluster Foundation (BCKIC), an initiative by the Office of the Principal Scientific Adviser to the Government of India, set up under the direction of the PM-STIAC to seamlessly connect research institutions, academia, industry, and cooperate towards the creation of a Hub and Spoke Model, actively facilitating innovation and knowledge exchange.
To offer a conducive ecosystem to promote the innovation capacity of the startups/ SMEs and enable them to create new technology-based products and markets leading to the job creation and thus strengthening the regional and national economy.