50 Incubatee Companies at IITB in next 2-3 years

IIT's are bringing professionals to lead their incubation unit. With growing demand of incubation programs at IIT's such move is justified. IITB wants to incubate more than 50 companies in next 2-3 years. Read recent article.

There are significant benefits of incubation at IIT's. I would highlight 10 benefits :
1. The incubation process is quite easy and helps entrepreneur to set-up company quickly.
2. There is huge support from IIT's in terms of mentoring & consultancy.
3. All networking events at IIT's like seminars/conferences/ alumni meet helps companies to find-out right people and promote their service/product.
4. For IIT's incubation program is not a business, but more of entrepreneurship promotion.
5. Access to huge talent pool ( students) for internal requirements.
6. World class infrastructure
7. Exchange of ideas/thoughts with other budding entrepreneurs
8. Reasonable equity demand
9. Support even after graduating from IIT.
10. Help in getting funding from Government/ Angels.

List of Incubation Units:
1. IIT Bombay - SINE
2. IIT Kanpur - SIIC
3. IIT Kharagpur - ECell
4. IIT Chennai - C-TIDES
5. IIT Delhi - TBIU
6. IIT Guwahati - EDC
7. IIT Roorkee - EDC

If you are planning a start-up soon, then you should seriously think of exploring these options.