Incubation at V R Siddhartha TBI Foundation

V R Siddhartha TBI Foundation is the Section 8 company that runs incubation on the Siddhartha campus at Kanuru, Vijayawada. It was set up in February 2022 by the institution's sponsoring body, and its stated purpose is to build agri, healthcare and allied ventures in and around Vijayawada and create jobs locally. There is no advertised intake window and no application form, so this is a standing offer you approach directly rather than a cohort you apply to.

What you get

• A seat on a 10,000 sq ft incubation floor built for 25 teams at a time, air conditioned, with 24x7 access and UPS-backed power
• Desktop workstations, gigabit networking, meeting and conference rooms, AC co-working space and shared office equipment
• An in-house library, an IPR cell and a market research cell
• Incubation training and entrepreneurship workshops
• Mentoring and introductions to partners, suppliers and possible sources of capital
• Free advisory from legal, financial, technical and IPR experts
• Pre-incubation help to firm up a business plan and protect intellectual property
• Support with business plan writing, IPR and technology transfer

Who can apply

• Students, staff, faculty and alumni of the institution — this is who almost every incubated venture on record has been
• Outside founders, on the basis of the institute's published innovation and startup policy, which says the startup facility extends to outsiders and that outside applicants are taken forward through the Innovation Council
• Founders already attached to another incubator, academic body or company, through the virtual and co-incubation route the same policy describes
• The institute's own seed support has so far gone only to its students

How to apply: No form or intake is published. Write to the institution at registrar@siddhartha.edu.in, or to info@vrsiddhartha.ac.in as listed by the Innovation Council, describe your venture and ask to be referred to the TBI Foundation. Ask up front whether outside teams are being taken, and on what commercial terms — the institute's policy allows either a minority equity stake in return for space and services, or a rental and fee basis with no seed support.