IIMT BUSINESS INCUBATOR FOUNDATION
IIMT BUSINESS INCUBATOR FOUNDATION
IIMT-Business Incubator Foundation (registered under section 8 of Company Act 2013, is a non-profit entity for the promotion of research, innovation, incubation, and start-ups) with on-campus pre-incubation and incubation facilities to guide the students and budding entrepreneurs.
IIMT University has set up two Business Incubators, IIMTU-BI is approved by Govt. of India, Ministry of MHRD, MSME and IIMT-Business Incubator Foundation (registered under section 8 of Company Act 2013, a non profitable entity for the promotion of research, innovation, incubation and start-ups) with on-campus pre-incubation and incubation facilities in the areas in which the expertise is available to guide the students and budding entrepreneurs, like, Engineering and Technology, Bio-technology , Pharmaceuticals, Information Technology , Nano-technology , Polymers , food Processing , Herbal Medicines , Agriculture , health sciences, water purification etc.
1. Technically supported by PUM with the association of an senior international expert, Dr. Maud Van Den Meiracker from Netherland, who trains the staff of Business Incubator oftenly by visiting the BI for regular upgradation leading it towards a successful BI stepwise.
2. BI - IIMTU is already in association with TBI-IIT (Ropar) for technology transfer and technical guidance,
The IIMTU-BI has past 5 years experience in incubating innovative ideas of students faculty & others in the field of Engineering & Technology, Computer Science & Application, Pharmacy, Applied Sciences, Health Science and many inter-disciplinary areas.
Areas of B.I.s are: (a) Projects on advanced technology in difference fields of engg. and technology. (b) Projects which have immense social values. (c) Projects related to industrial applications. (d) Projects related to human applications. (e) Projects related to innovation in Medical Science, pharmacy and health sciences (f) Projects related to herbal preparations / Medicines.
Our qualified and experienced faculties who have caliber to do research work of National / International level will be a tool to students to work on innovative projects. Here at IIMT University, we do have R&D Pool of experts in various fields of engineering and technology and Medical Sciences at IIMT University which may serve as mentors as well as counselor. Faculties of different science and engineering departments have developed new products as well as technologies in their Research and Consultancy Services offered by IIMT University: The staff and students of the institute have been offering different consultancy services to the nearby industries and firms in the form of module and website designing, maintenance and R n D.
Seed Funding and other provisions in the Budget-
The IIMTU has got provision of funds in Budget towards promoting & supporting innovation and entrepreneur development for students/ faculty/staff/start ups , fund is allocated for awareness/ training sessions; seed funding for early startups; for pre incubation & incubation facilities; innovation & IPR commercialization.
SUCCESS STORIES OF IIMT-U BUSINESS INCUBATOR AND RND CELL
1. Sanjeevani – Drip level Indicating device, is filed for patent and granted.
The device is commercialized in different hospitals, the use of product was started from IIMT Lifeline Hospital itself. The device is used for continuous monitoring of the drip level and raises an alarm upon reaching a pre determined value so that it can be changed in time preventing the backflow of blood into drip bottle.
2. Packaging paper made from corn husk which is an agricultural waste and we have extracted best from the waste by inventing a technique which has the potential to reduce deforestation for manufacturing packaging paper. The project has been filed for patent grant.
3. Under Ground cable fault Detector, our most of the inventions are motivated by real life problems and it is one of them.
4. Device for UP Power Corporation Ltd. to save the life of lineman while working on energized line.
5. Economic Composters is one of project of the students in the areas of Solid Waste Management.
6. Sewage treatment plant for IIMT U campus has been developed .
7. Method of Water Purification using Coper Nano Particles & IT Based Real Meter Parameters.
8. Method for Managing & Controlling Temperature in AC Unit
9. Advance Water Purification using Noble Metals with real time Parameters Unit I.O.T.
Our Program of Entrepreneurship is a resource for any student/start-up who is interested in entrepreneurship and innovation. We maximize the ability of our students and alumni to address important challenges through entrepreneurship and entrepreneurial thinking.
Ignited by great ideas, our faculty, students, and alumni turn innovative concepts into scalable and sustainable businesses and bring entrepreneurial development to existing companies eager for change. In a world hungry for product innovation, our disciplined approach challenges concepts focuses ideas, and provides the know-how to turn fledgling businesses into strong, enduring organization
Addressing the increase in the potential of startups, IIMT University's Business Incubation Foundation (BIF) was established in 2015 under the sponsorship by the Ministry of Micro, Small and Medium Enterprises (MSME), Govt. of India, New Delhi. The objective of the incubation centre is simple - to inspire and work with aspiring entrepreneurs to shape up business ideas into commercial start-up companies.
Under the guidance of diligent and experienced faculty, candidates learn the dynamic process of business development and how to survive in their early stage. In addition, the institutions also provide infrastructural support i.e. office space, meeting room to the candidates. At every step, the individuals are mentored and nurtured for their acquiescent business ideas.
CIIE in association with IIMTU
IIMT Business Incubator Foundation, Ground Floor, Block B, IIMT University, O pocket, Ganga Nagar, Mawana Road, Meerut, Uttar Pradesh, INDIA. PIN - 250001
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