The Incubation Centre IIT Patna (IC IITP) has called prospective incubatees or start-ups in the area of electronics system design and manufacturing (ESDM) and medical electronics for enrollment to its two-year incubation programme.
The IC-IITP aims to identify, nurture and translate technology ideas and innovation in ESDM with a focus on medical electronics.”
The incubation centre was inaugurated by PM Narendra Modi last year.
It provides support to startups for idea validation, product development, building and testing prototypes and early stage scaling of innovations.
The applications can be sent in the form of a business plan covering details such as value proposition, management team profile, advisory board profile (if any), products and services portfolio, approach and infrastructure requirements for technical implementation, market potential analysis, funding requirements and capital structure, risk analysis and projected financials.
The various facilities that will be provided to the startups include a fully-furnished office space, research and development, business mentoring, support by incubator team, investor connect and training and development.
The Incubation Centre (IC), IIT Patna is an INR 47.10 Cr project associated with the Make In India initiative funded by Department of Electronics and Information Technology (DeITY), Government of India and the Government of Bihar.
By Baishakhi Dutta