Technology Business Incubator (DUCIC-TBI) is a joint initiative of Cluster Innovation(CIC) Centre, University Of Delhi and Ministry Of Medium, Small & Medium Enterprises (MSME), Govt. of India. It encourages students to try out their innovative ideas (processes and/or products) at the laboratory or workshop stage and beyond, to carry forward the idea from its mere conception to know-how and then to-do-how stage. The main objective of this initiative is to promote emerging technological and knowledge based innovative ventures that seek the nurturing of ideas from professionals beyond the traditional activities of micro, small and medium enterprises (MSMEs). DUCIC-TBI has been successful in incubating many start-up ideas into companies since its inception in the year 2014. The start-ups are provided with a seed fund which ranges from 4-8 lakhs for one year by MSME. They are also provided with state-of-the art infrastructure such as WiFi, labs, workstations and guidance from CIC.
One of the start-ups, Imfundo Labs works towards providing innovative robotics, electronics and mechanics learning to school learning. It also works towards setting up customized robotics labs in schools.
Raghavendra Tripathi, a student of B.Tech 4th year who aspires to propose his own idea soon to MSME said “TBI is an excellent platform for students who dream to become entrepreneurs but have lack of access to resources. It is a platform to turn your idea into reality.” He further suggested that MSME should also pay attention towards assigning more mentors to the start-ups and the funds allocated should also be revisited on the context of present day scenario.
Another start-up Audible India is working towards a novel cause of facilitating differently-abled people in exploring tourist places with an android app which guides them through interactive videos. MAG Initiatives, Survaider, Pixvera, are some of the companies from CIC-TBI which work on mathematical tools, conducting surveys and logo plagiarism and registration.