Startup incubation at Vel Tech TBI

Incubation is the base programme every funding route here sits on top of. The incubator names two stages, pre-incubation and post-incubation, and describes eight ways to engage with it, of which the first is joining as a startup incubatee. Its homepage states there are no charges for incubation. Machine time in the thrust-area facilities is described separately as available at subsidised rates.

What you get

• Space, mentoring, networking and training
• Access to the e-waste and plastic waste recycling facility, the Manufacturing Centre of Excellence, the electronics manufacturing line, 3D printing, the non-destructive testing facility and the AI centre, at subsidised rates
• Training covering technology, innovation, GST, finance, e-commerce, digital transformation, bio-incubation and product management
• Partner offers including Google Cloud and AWS credits, Zoho apps, an Effitrac mini-ERP, Paytm, RBL Bank, IDFC First Bank and Bank of Baroda, YNOS Venture Engine, MathWorks and a Stanford Seed Spark cohort place
• A route into the five funding schemes the incubator runs

Who can apply

• Technology startups and innovators; the published incubatee list includes companies registered outside Tamil Nadu, and nothing on the incubator's pages limits intake to Vel Tech students, staff or alumni

How selection works: through the incubator's own selection process. Its NIDHI PRAYAS terms state that a grantee must be registered on the pre-incubation or incubation programme for the whole duration of the grant, after going through that process.

How to apply: fill the incubation application form on the incubator's site, or write to incubation@veltechtbi.com. The form asks for the promoter's details, the founder's PAN, the company name, registration number and date, type of company, sector, domain expertise and work experience, and says to mark anything not yet applicable as NA.