Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 20 2018

IIT Roorkee launches incubation centre in Greater Noida

The Greater Noida Extension Centre (GNEC) will initially offer incubation to three start-ups, with 15 incubatee team members working and staying in GNEC.

The Indian Institute of Technology (IIT) Roorkee launched a Technology Innovation and Development of Entrepreneurship Support (TIDES) business incubator at Greater Noida on Friday.

The Noida campus is an extension of the existing TIDES incubator at Roorkee, and will ensure that start-ups incubated in the Roorkee campus benefit from the start-up ecosystem of the National Capital Region (NCR) which would offer them more opportunities to grow and connect with mentors, investors and established companies in their technology sector, according to a press release.

The Greater Noida Extension Centre (GNEC) will initially offer incubation to three start-ups, with 15 incubatee team members working and staying in GNEC. The incubator plans to increase the capacity to spawn more entrepreneurs at IIT Roorkee.

The incubator is supported by the Startup India programme and was granted funding of Rs 12 crore through the Department of Science and Technology (DST), Ministry of Electronics and IT (MeitY) and the National Science and Technology Entrepreneurship Development Board (NSTEDB).

TIDES was established by the Technology Incubation and Entrepreneurship Development Society (TIEDS) and IIT Roorkee to support innovation and entrepreneurship.

Since its inception three years ago, it has interacted with close to 100 start-ups and over 20 start-ups have been offered incubation support, with a cumulative seed funding of Rs 1.2 crore, creating over 100 job opportunities. A total of 10 patents have been filed and three technologies have been commercialised, the release stated.

Current students incubated in IIT Roorkee, on completion of their courses, will have the option to work in the Greater Noida Campus to scale up their operations and explore market possibilities. They can also work from the Greater Noida Campus during their vacations and conduct customer meetings and interactions with potential investors. Moreover, TIDES will also receive proposals from start-ups founded by IIT Roorkee alumni, who are keen to work from the Delhi-NCR region.

Comment
Related opportunities
  • Quick Service Restaurants
    About; An established Food Hospitality based in Indore. HOBNOB USP: Hobnob caters..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Tandoori Trumpets is a chain of casual dining restaurants..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Bars, Pubs & Lounge
    About Us: Local Gastro Bar is one of the new entrants..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Clinics & Nursing Homes
    About Us: At Vivekananda Health Global we strive to bring the most authentic..
    Locations looking for expansion Karnataka
    Establishment year 2003
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities