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    This post was last updated on       December 31st, 2021

STARTUPS/INCUBATIONS

A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them does go on to be successful and influential. Some startups become unicorns; that is privately held startup companies valued at over US$1 billion.

Being in startup capital of India, in Bangalore we at BNMIT take pride in encouraging our students who wants to scale up in their entrepreneurial dreams.

ENTREPRENUERSHIP CELL AND INCUBATION PROCESS @ BNMIT

STAGE 1: Aspiring Entrepreneurs

Selection of ED-Cell members:

Entrepreneurship assessment questionnaire

Semesters involved:

1st to 5th semester-BE, 1st &   2nd semester- MBA

Experiment / Exercises (for students & aspiring entrepreneurs)

Games, Exercises, Activities

Flagship event/Signature event

Campus wide- Seminar, Conference, Summit, Panel Discussion

Basic entrepreneurship workshop /Awareness Camps(Ideation, E fundamentals)

Certificate course or University led entrepreneurship course

Webinars

Smart E Apprentice challenge

Skills development workshop

Innovative Project lab Competition

Educator’s National Conclave

E-Week

STAGE 2: Student Entrepreneurs

Selection of ED-Cell members

Participation in IPL Projects/ Idea generation competition, 100% attendance in stage 1 programmes/ Activities

Semesters involved:

1st  -8th semester-BE, 2nd–4th  Semester MBA

Experience / Expand (student entrepreneurs Planning/running ventures)

Advance topic workshops & B Plan workshops

B Plan Competition

Expert sessions by Entrepreneurs/Investors/Industry experts

Startup internship program/Start up jobs

Boot camps

Meetups + Roundtables (Theme based)

Design thinking workshops

Pitching lab sessions

Topic specific webinars

Educator’s National Conclave

E-Week

Innovative Project lab Competition

STAGE 3: Incubates

Selection of ED-Cell members

Winners of IPL Competitions, Corporate Idea competition winners and other platforms, need to submit business proposals to the Advisory Board for scrutinization of the incubator.

Semesters involved:

1st -8th semester-BE, 2nd–4th Semester MBA

Experience / Expand (Incubates)

Mentorship

Topic specific webinars

Student Entrepreneur/Mentor/Investor Meetups /Pitching

INCUBATE at ED CELL, BNMIT

Incubates at BNMIT can avail state of the art infrastructure facilities with nominal cost. The incubation period would vary from one company to another. However, the maximum period of incubation would be for 18 months.

Facilities/Space

The infrastructure facilities include:

  • High-speed Internet access
  • Intercom
  • Printer
  • IT support
  • Common pool of hard and soft infrastructure like meeting/conference room, lab facilities and library are provided.
  • Cafeteria and working lunch for employees of incubate companies. 

Seed loan

Seed loan facility will be available for the incubates upto one lakh. EDcell BNMIT will support the incubates for applying for MSME funds and Angel investors fund.

Other Services

Apart from physical infrastructure as stated above, Business Incubator  intends to create certain other supports and services which would include:

  • Pool of mentors, experts in technology, legal, financial and related matters, with or without consideration,
  • Organizing events to help companies in networking and showcasing their technologies,

Meetings with visitors of BNMIT (such as alumni, VCs, industry professionals).

Incubation Stages at ED Cell BNMIT

Stages.Guidance NeededEventsSupport
Idea Stage

For those who need idea

For those who have idea

Workshop

Mentoring

EDII, Mentors Kanstart, NEN

Mentors, Enalytics, NEN

Prototype Stage

For further development

For bringing out Final Product

Mentoring

Final Finished product ,IPL Competition

Mentors,  EDII, Spectrum Tools, Innomantra

JSS Incubation-Mysore,Spectrum Tools,KSCST

Commercialization/ Patenting Stage

Commercialization of the product

Patenting of the project

Market Viability,
Market Strategies,
Angel Investors

Prior art search,Applying for patent

Angel Investors,
Venture Capitalists

BNM-CIPR,
VTPC, KSCST,
iPatini Solutions