Technology Business Incubators (TBI) 

The Adi Shankara Institute of Engineering and Technology, Kalady, has launched the Technology Business Incubators (TBI) Startup Boot Camp Chapter, creating an exciting platform for student ventures. Supported by Startup Village, the college management, and Kerala Startup Mission (Technopark TBI), a full-fledged IEDC Boot Camp has been established at the institute.

Objectives of TBI:

• Foster entrepreneurship among students, faculty, and alumni.
• Develop ideas into marketable products or services using advanced technology.
• Assist new entrepreneurs in product development tailored to market needs.
• Create customized product-to-market strategies for startups.
• Incubate research results and business ventures from experienced entrepreneurs.
• Attract technology-based companies and promote small and medium industries on campus.
• Generate employment, revenue, and export opportunities through new technology products.
• Develop effective networks for technology-based startups.
• Raise awareness about technology incubation and commercialization of R&D products.

Focus Areas:

• Automation of traditional systems to uplift rural communities.
• Robotics and Industrial IoT.
• Rural Technology.
• Green Technology.
• AI & ML in Healthcare.

In 2019, the Kerala State Industrial Development Corporation (KSIDC) sanctioned a Technology Business Incubation Centre at Adi Shankara. Currently, 10 alumni startups, including ICube Design Studio, PenserLabs, RIOD Logic, Edith Industries, and AIYGON, are incubated. Notably, two of these startups, Alygon and Edith Industries, are women-led, reflecting the campus's commitment to women empowerment through entrepreneurship.

Support and Strategy:

• Seed funding up to ₹5 lakhs for initial product development.
• Marketing support, including digital/print media branding, product launch coverage, startup exhibitions, corporate promo video production, PR activities, and digital marketing consultation.
• Partnerships with Amazon, Google Cloud, and HubSpot for startup savings on tools and services.

Action Plan:

• Focus on transitioning ideas to commercially viable products through three stages: Pre-Incubation (3-6 months), Incubation (6-12 months), and Acceleration (1-2 years).
• Provide part-by-part funding policies (scale-up grants, R&D grants, marketing support grants).
• Partner with relevant solution providers to simplify the startup journey and offer substantial savings on essential tools and services.