Incubation Cell

INCUBATION CELL

About

Incubation Cell is a platform focused towards fostering & promoting the entrepreneurial spirit of start-up enthusiasts by providing a healthy ecosystem to promote their ideas, start-ups and researches into successful entrepreneurial ventures.  It will ensure that incubates have access to technological assistance which will be generated through mentors with multidisciplinary expertise. We encourage young enthusiasts with creative pursuits with an inherent zeal to be entrepreneurs to take advantage of this novel initiative. The NIST incubation cell (NISTIC) promotes innovative and executable ideas to help students, research scholars and faculty members to execute the ideas into product, processes or services for the benefits of society as well as industry. We believe that inclusive development and youth empowerment is the only mechanism to propel the growth of a country. The incubation cell was formed to spur the spirit of Entrepreneurship in young students and to assist them to harbor new ideas and harness resources provided by the government to aid them to develop their ideas into concrete business plans.

Objectives of the cell

1. To create competencies among young aspiring entrepreneurs by providing competitions and opportunities for potential students to develop creative ideas.
2. To Develop and provide a platform for new generation entrepreneurs to transform their business ideas into concrete business plans.
3. To support early stage Innovative and Technology based startups with business process awareness and market understanding.
4. Foster an entrepreneurial ecosystem in the institute by providing the students with skill development activities.
5. Create value added jobs and services for society.

Steering Committee

The Innovation Steering Committee represents a guiding coalition to set innovation priorities, change the culture, allocate resources, and make decisions. The committee explores emerging innovations and effective practices, helps their stakeholders to understand the related challenges and opportunities. The Committee evaluates issues and challenges and makes recommendations to the Board / Management on innovation policies, plans, and tactics for addressing identified challenges and opportunities. The Committee may commission the annual operating and capital budgets approved by the Board.

Eco System

Innovation ecosystems create an active flow of information and resources for ideas to transform into reality. Through these ecosystems, we are building a process by which more innovators and entrepreneurs can develop and launch solutions to solve real-world problems, faster.  This process creates expertise in new areas, helps to diversify the economy, and allows businesses to meet their customers where they are. Additionally, an innovation ecosystem provides the means to create economic stability and resource sharing.

Pre-Incubation Process

Thrust Areas