Incubation center

CIT-TBI FOUNDATION An Initiative by Coorg Institute of Technology

Vision
Mission

VISION

  • To create Entrepreneurs of world class quality in the areas of emerging technologies

  • To cater to the needs of changing environment and contribute towards nation’s growth

 

MISSION

  • To provide congenial atmosphere with adequate infrastructure facilities for encouraging entrepreneurs to undertake business development in the emerging technologies.

  • To provide the support service needed for sustainable growth of the newly developed entrepreneurs.

 

What is TBI ?

A technology business incubator (TBI) is an organizational set-up that nurtures technology based and knowledge driven companies by helping them survive during the startup period, which lasts around the initial two to three years.
• Incubators provide:
• Infrastructural support i.e. office space, meeting room
• Platform to do networking
• Other support services specific to incubators
• Financial assistance through grant, seed funding, loans.
• Create student entrepreneurs to acquire knowledge procedures methods for obtaining
• Government schemes.
• Create awareness about Technology Incubation and Commercialization of R &D products and processes
• Provide R&D for industry to enable small/medium industries, to take up R&D activities and technology up -gradation.
• Promote small and medium industries in the field of agriculture and other industries.
• To train unemployed youth for skill development and self-employment.
• Technology support for sustainable development.

Benefits of TBI
 TBI’s foster innovative start-up firms, thus the process of incubation is strongly intertwined with the innovation process that occurs in the supported enterprises, bolstering research.
 TBIs also help develop certain local economic development goals in their region by stressing on a knowledge driven economy where risk-taking is encouraged.