Incubation at NITJ TBI

The incubator's main offer, open all year with no cohort dates. It is built for startups past the idea stage: the incubator says it supports startups whose ideas have already established a proof of concept, along with market research and a business plan, and that it helps the team finish the product or service and get it to market. You can take it as a resident, with office space on the NIT Jalandhar campus, or virtually from wherever you are.

What you get

• Office space with workstations, an internet connection and a computer where one is available
• Shared 3D printing and laser printing, photocopier, scanner, teleconferencing, a meeting and conference room with projection equipment, a library, a pantry and recreational space, and secretarial help when staff allow
• Access to NIT Jalandhar's departmental laboratories for product development, arranged through the institute's Dean of Research and Consultancy, with the department's permission, under a separate agreement and charged commercially
• Help with company registration and filings, accounting, human resources and legal work
• Copyright, trade mark and patent filing support
• Seed funding support and help applying for government agency funding
• Introductions to venture capitalists, angels and investors, and to the institute's alumni for mentorship, technical expertise and market access
• Mentoring from startup domain experts including founders and chief executives
• The ability to hire NIT Jalandhar students as interns through Internships Connect
• Campus accommodation on payment, subject to availability

Who can apply

• Faculty and staff of NIT Jalandhar, current and retired
• Its students, research scholars and current project staff
• Its alumni
• Universities and institutions with a research collaboration with it
• Others, which is unqualified, so founders with no connection to the institute may apply
• Your proposal must also meet at least one of five parameters: institute intellectual property transferred to your company; intellectual property of its faculty, staff, students or alumni created elsewhere; scope for real involvement with its faculty; social and strategic impact; or potential for large resource generation or impact
• You must apply as a registered unlisted company, or incorporate within three months of approval

How selection works: Submit an application, pass an initial screening and eligibility check, then meet the incubator's management. On a positive preliminary assessment you submit a full business plan plus your technology and intellectual property detail. The incubator's team screens the plan, then outside expert members run technical and financial due diligence and may ask you to present or to revise. The criteria are the strength of the product idea, intellectual property created and potential, the strength of the core team, funding needs and how realistically you can raise them, time to market and break-even period. The decision is the incubator's alone and it does not have to give a reason for a rejection.

How to apply: There is no online form. Write to tbi@nitj.ac.in or use the contact form on the incubator's site to start an application.