Kongutbi

Technology Business Incubator @ Kongu Engineering College (TBI@KEC), an unique 24x7 facility was established in 2003 as a joint venture by Kongu Engineering College (KEC) with the generous grant-in-aid and support of National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST), Govt. of India (at a total project cost of Rs.3.95 Crore) for nurturing and promoting innovation and entrepreneurship development in cutting edge technology areas (with thrust in Electronics & ICT - particular emphasis in Embedded and Wireless Embedded System, Digital Signal Processing, IoT and Electronic Card Design, Assembly, Testing & Repair).TBI was formally inaugurated by the then Secretary of DST/GoI in August 2004. TBI in an area of 26,800 Sq.ft provides total support to the incubatees right from “Concept to Commercialization” under various stages which include capacity building training programs, project formulation, mentoring support, financial assistance, networking with other agencies, participations in national & international challenges and infrastructure & lab support of TBI and HI in addition to spotting and involving talented students (Interns) and faculty to work with the entrepreneurs for a win-win situation. TBI has NIDHI PRAYAS Shala – Rapid Prototyping lab for Hardware startups with an investment of Rs.100 lakhs in an area of 4,500 Sq.ft. As on, DST and MSME under various schemes have sanctioned Rs.12.52 Crore to TBI@KEC. 87 Incubatees have been provided financial support (soft loan/ grant) of Rs.9.40 Crore in total. 54 innovators have been supported under PRAYAS scheme with total of Rs.4.50 Crore to convert their ideas into prototype / product. TBI@KEC has incubated 136 startups (out of which 29 are alumnus & 15 women) who have developed 112 products (23 currently under development) so far benefitting various sectors of economy and society (few also exported abroad).