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IIMT - Business Incubator Foundation



IIMT University has set up two Business Incubators, IIMTU-BI is approved by Govt. of India, Ministry of MHRD, MSME and IIMT-Business Incubator Foundation (registered under section 8 of Company Act 2013, a non profitable entity for the promotion of research, innovation, incubation and start-ups) with on-campus pre-incubation and incubation facilities in the areas in which the expertise is available to guide the students and budding entrepreneurs, like, Engineering and Technology, Bio-technology , Pharmaceuticals, Information Technology , Nano-technology , Polymers , food Processing , Herbal Medicines , Agriculture , health sciences, water purification etc.

1. Technically supported by PUM with the association of an senior international expert, Dr. Maud Van Den Meiracker from Netherland, who trains the staff of Business Incubator oftenly by visiting the BI for regular upgradation leading it towards a successful BI stepwise.

2. BI - IIMTU is already in association with TBI-IIT (Ropar) for technology transfer and technical guidance, The IIMTU-BI has past 5 years experience in incubating innovative ideas of students faculty & others in the field of Engineering & Technology, Computer Science & Application, Pharmacy, Applied Sciences, Health Science and many inter-disciplinary areas.

 

Areas of B.I.S

 

(a) Projects on advanced technology in difference fields of engg. and technology.

(b) Projects which have immense social values.

(c) Projects related to industrial applications.

(d) Projects related to human applications.

(e) Projects related to innovation in Medical Science, pharmacy and health sciences

(f) Projects related to herbal preparations / Medicines.

Our qualified and experienced faculties who have caliber to do research work of National / International level will be a tool to students to work on innovative projects. Here at IIMT University, we do have R&D Pool of experts in various fields of engineering and technology and Medical Sciences at IIMT University which may serve as mentors as well as counselor. Faculties of different science and engineering departments have developed new products as well as technologies in their Research and Consultancy Services offered by IIMT University: The staff and students of the institute have been offering different consultancy services to the nearby industries and firms in the form of module and website designing, maintenance and R n D.

SEED FUNDING AND OTHER PROVISIONS IN THE BUDGET

The IIMTU has got provision of funds in Budget towards promoting & supporting innovation and entrepreneur development for students/ faculty/staff/start ups , fund is allocated for awareness/ training sessions; seed funding for early startups; for pre incubation & incubation facilities; innovation & IPR commercialization.



SUCCESS STORIES OF IIMT-U BUSINESS INCUBATOR AND RND CELL


1. Sanjeevani – Drip level Indicating device, is filed for patent and granted.

The device is commercialized in different hospitals, the use of product was started from IIMT Lifeline Hospital itself. The device is used for continuous monitoring of the drip level and raises an alarm upon reaching a pre determined value so that it can be changed in time preventing the backflow of blood into drip bottle.

2. Solar Tree- Design Patented

3. Device for UP Power Corporation Ltd. to save the life of lineman while working on energized line.