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SINE, IIT Bombay
• Since 2004, not for profit entity
• One of the early adopters of incubators in academia
• Business Incubation: • Technology
• Bio-Medtech
• Basis for incubation: Potential to create economic growth, strategic value, socially relevant products
• Preference for IP/ product based companies with an IITB component
• Collaborative accelerators with Industry: • Hardware & system startups with Intel India
• Impact startups with SAP India
• Idea to prototype support for innovators
Entrepreneurial Ecosystem
SINE
Research & Industry Projects
Academic Programs
Healthcare consortium
Medical Device group
Tata Centre: Frugal
Innovation
Ecell
SINE, IIT Bombay
• Support entrepreneurship on the campus
• L e ve ra ge t e c h n o l o gy resources and expertise in the institute
• IP/ Technology conversion into ventures
• Mechanism for facul ty participation in startups
• Ecosystem benefits
INFRASTRUCTURE
• Work offices, conference rooms
• Labs & Prototyping facilities
FUNDING
• Seed funds • Govt. Grants • Angels & VCs
NETWORK
• Tech, Domain, Business mentors
• industry connect
PEOPLE
• Functional Experts service, Student, Faculty talent
• IITB/SINE Alumni
VISIBILITY
• Events • Media 3 years
Impact
Precedents in academia: equity, sustainability, incubation framework
85
cos. incubated since pilot
Current: 28
Graduated/ acquired: 37
Folded: 20
2,000 + jobs created during incubation
40
cos. Funded by Angels/ VCs.
USD 75k to >25mn
16
cos. Funded by Bank/ Govt.
IITB IP commercialized 25
Faculty involved startups 21
Companies with social innovation 05
Equity returns (Partial)
incubatees
Ideaforge Technology: Netra: The only indigenous UAV supplying to
Indian security forces
Sizeable order book for next several years
Sedemac Mechatronics: Product: Low cost controls for small engines
Customers: TVS Motor Company, Bajaj Auto, Mahindra Two Wheelers,
Ashok Leyland, Kirloskar Oil Engine, Cummins, Mahindra Powerol Investors: Nexus Venture Partners, IIF, Nandan Nilekani
incubatees
Covacsis: IoT, Big Data Real Time Plant Analytics Framework
Customer sectors: Pharma, Textiles, Petroleum, Chemical
Investors: Bloom Venture, Reliance- GenNext, CISCO Systems
ThinkLABS: Hands on education in STEM: robotics and
science products
Acquired by a leading education company